TRANSIT ORIENTED DEVELOPMENT IN THE PORTLAND METRO REGION

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1 TRANSIT ORIENTED DEVELOPMENT IN THE PORTLAND METRO REGION Presented by: Megan Gibb

2 What is Metro Directly elected regional government Serves more than 1.4 million residents in Clackamas, Multnomah and Washington counties, and the 25 cities in the Portland, Oregon, metropolitan area. The Metro Council includes a council president elected region wide and six councilors elected by district. M E T R O P L A N N I N G D E P A R T M E N T

3 What is Metro? Land Use Planning Transportation planning (MPO) Preservation of natural areas Waste disposal planning and management The Oregon Zoo, venues for conventions, exhibits, and performing arts. M E T R O P L A N N I N G D E P A R T M E N T

4 2040 Framework Plan Adopted in 1995, regional agreement Growing up, not out Targets growth to centers, corridors, and station areas to protect valuable farmland outside Urban Growth Boundary M E T R O P L A N N I N G D E P A R T M E N T

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6 Centers and main streets

7 Farms and forests

8 The Urban Growth Boundary (fondly known as the UGB)

9 D Word There are two things Oregonians hate. sprawl....and density. Former AND recently reelected Oregon Governor John Kitzhaber

10 Charting a Different Path City suffered from urban disinvestment in the 70 s much like cities around the nation The City and region made bold choices to invest transportation $$ in a manner that has created vibrant, liveable communities M E T R O P L A N N I N G D E P A R T M E N T

11 History of Bucking Convention 1973 Oregon Land Use Laws enables Urban Growth Boundary 1976 Mt. Hood Freeway canceled highway project and built first light rail line with the $ 1979 Metro Council elected (first in nation) Legacy of public/private partnerships civic minded developers in partnership with government to create a desirable community M E T R O P L A N N I N G D E P A R T M E N T

12 Mt. Hood Freeway to MAX line M E T R O P L A N N I N G D E P A R T M E N T

13 Eastbank Esplanade M E T R O P L A N N I N G D E P A R T M E N T

14 Harbor Drive to Waterfront Park M E T R O P L A N N I N G D E P A R T M E N T

15 The Pearl District The quintessential The quintessential love child of the public/private partnership. ve child of the public/private partnership.

16 The Pearl District Between 1997 and 2005 over $2.8 billion in private investment within 3 blocks of the streetcar Over 7200 residential units built More than 4.6 million sq. ft. commercial

17 Portland s Green Dividend Portland area residents travel 20% fewer miles every day $1.1 billion saved in transportation costs $1.5 billion saved in time (100 million hours less) $2.6 billion total - $$ freed up to support local economy Five times faster inmigration of year olds than nation as a whole

18 Transit Choices 50 miles Light Rail, 7.3 miles planned 93 Bus lines, (16 frequent Bus service) 4 miles Streetcar, 8 miles planned 14.7 miles Commuter Rail

19 TOD Program Overview The purpose of Metro s TOD and Centers Program is to create public-private partnerships that produce transit oriented development projects and vibrant, compact urban centers in order to increase travel by transit, walking and biking. M E T R O P L A N N I N G D E P A R T M E N T

20 TOD Program Strategies Create market comparables for higher density buildings near transit and centers Develop developers with expertise in higher-density mixed-use buildings in suburban settings Increase acceptance of urban style buildings through high quality design Carry out place making and contribute to local identity M E T R O P L A N N I N G D E P A R T M E N T

21 Transit-Oriented Development TOD projects have three fundamental characteristics that enhance transit ridership: A mix of moderate to high intensity land uses; A physical or functional connection to the transit system; Design features that reinforce pedestrian relationships and scale a walkable environment. M E T R O P L A N N I N G D E P A R T M E N T

22 Transit-Oriented Development Cost premiums associated with higher density mixed use are: - structured parking - elevator - separation of uses - building material - thicker footings - complex fire systems M E T R O P L A N N I N G D E P A R T M E N T

23 Transit-Oriented Development Public Investments to Help Offset Added Costs of Mixed Use Higher Density Projects TOD Easements and land writedowns Funding to offset cost premiums Capitalized value of increased transit ridership used as threshold test of investment Providing educational services as well as funds M E T R O P L A N N I N G D E P A R T M E N T

24 Why? Mixed use and higher density best for transit use and walk/bike trips Market forces don t produce this product in suburban locations TOD effective for reducing GHG emissions Leverage transit investments M E T R O P L A N N I N G D E P A R T M E N T

25 How Are We Funded? Grant program have to apply every other year Regional flexible transportation funds are switched with local funds Currently about $2.5 million a year for capital expenditures and program staff (5) Grossly underfunded M E T R O P L A N N I N G D E P A R T M E N T

26 How Does it Work? 1. Cost Premium Analysis (project must have cost premiums) 2. Capitalized Farebox Revenue (must have delta, daily transit fare x 30 years = capitalized farebox revenue enhances overall system effectiveness by bringing users to the system) TOD Steering Committee shifting to VMT reduction model 3. 7 day notice to Metro Council (de-politicizes funding decisions) 4. Development Agreement Preconstruction performance prior to transfer of deed or release of funds Approval of preliminary plans Approval of construction drawings Proof of permit Construction bid Proof of equity capital and mortgage financing (you have a project!) M E T R O P L A N N I N G D E P A R T M E N T

27 Example Projects The Rocket Central City Portland 4 stories 16,037 ft² Mixed Use Commercial Restaurants & creative office Pending LEED Platinum No Parking TOD Funding: $275,000 M E T R O P L A N N I N G D E P A R T M E N T

28 Example Projects North Main Village City of Milwaukie 4 stories 64 workforce rentals 33 condominiums, townhomes 8,000 ft² ground floor retail TOD Funding: $550,000 M E T R O P L A N N I N G D E P A R T M E N T

29 Example ProjectsProjects College Station - Portland Private student dorm for PSU Private student dorm for PSU 16 stories 16 stories 283 apartments (1000 beds) 283 apartments (1000 beds) 15,000 sq. ft. commercial 15,000 sq. ft. commercial No parking No parking TOD funding $500,000 TOD funding $500,000 Currently under construction Currently under construction

30 Urban Living Infrastructure New program which invests in urban amenities (groceries, cafés, restaurants, brew n views, etc.) which enhance urban living to This is your dining room complement existing TOD program activities M E T R O P L A N N I N G D E P A R T M E N T

31 Program Results to Date 23 projects (built or under construction) 2,500 Housing Units (80% affordable and workforce) 500,000+ annual induced transit trips $350 m in private investment 270,000 sq. ft. Retail/Office 322 Acres protected (if developed conventionally) Over 100 tons of reduced GHG s 32 M E T R O P L A N N I N G D E P A R T M E N T

32 Challenges Moving market vs. shoving Recession and lending environment Local capacity to undertake PPP s Regulatory outlook vs. proactive approach Development codes Local/regional conflicts

33 Lessons Learned Need development oriented transit alignments to fully leverage the land use Need to enhance existing system Not all stations areas will be mixed use; need for corridor wide planning Make communities earn transit Support transit with other investments ($.5 for every $1) Engage the private sector

34 Why a Strategic Plan? Expanding system = expanding eligibility Differentiate areas by measuring TOD readiness Target TOD investments by type, location, and timing

35 Building a Typology Market Strength: real estate transactions (residential sales per sq foot) demonstrates achievable development types + Urban Form + Activity (TOD Score): composite index of key factors related to transit use residents + employees per acre transit frequency average block size urban living infrastructure access to bikeways & sidewalks

36 Measuring TOD readiness (P s) people physical form Potential (market) places performance ped/bike connectivity

37 Transit Orientation Score

38 TOD Station Community Typology Eastside 38 Westside Airport Interstate Green

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40 Questions?

41 Traditional D s of TOD destinations density distance dollars demographics diversity distinction design

42 people

43 places

44 ped/bike connectivity

45 performance

46 physical form

47 Transit Orientation Score

48 Station Community Typology Eastside Westside Airport Interstate Green Milwaukie

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54 Investing in Alternative Modes Other examples: -Tearing out Harbor Drive for a waterfront park -Tearing down the Lovejoy highway ramps in the Pearl District -Eastbank Esplanade -Streetcar investments -Bike Boulevards -List goes on but we could be even bolder M E T R O P L A N N I N G D E P A R T M E N T