STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta May 25, 2016

Transcription

1 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta May 25, 2016

2 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta MICHAEL PARIS President & CEO Council for Quality Growth

3 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta TITLE

4 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta PRESENTING

5 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta GOLD

6 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta SILVER The Coca-Cola Company

7 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta BRONZE C.E.R.M. Grice Consulting Group Portman Holdings Whitaker-Taylor

8 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta May 25, 2016

9 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta JOHN WRIGHT Managing Partner & CEO

10 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta ATLANTA BELTLINE STAKEHOLDER PANEL Commissioner Joan Garner Fulton County Board of Commissioners, District 4 Courtney English Chair, Atlanta Public Schools Board of Education Scott Selig Vice President, Acquisitions & Development, Selig Enterprises Moderator: Dr. Eloisa Klementich President & CEO, Invest Atlanta

11 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta May 25, 2016

12 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta EMILY RITZLER Regional Planning Leader

13 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta May 25, 2016

14 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta JOHN WRIGHT Managing Partner & CEO

15 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta May 25, 2016

16 // 22 Miles to a Better Atlanta Chuck Meadows Executive Director Atlanta

17 // The Partnership

18 // Enable the Project

19 // Engage the Public

20 // Empower the Residents

21 // Importance of Philanthropy

22 // Potential Funding Scenario Unidentified $891, 20% $ values in millions Private $275, 6% TAD, $1,454, 33% City - Parks, $157, 4% Notes: City/State for Streetscapes, $343, 8% Federal, $1,272, 29% Total Program = $4,393 billion Values were determined by assuming maximum Federal funding participation for Transit and Trails. Parks and Private values were developed by applying the cost allocation from the projects completed to date to future project. Values presented do not reflect committed funds. Implementation to date has leveraged 16% of previously unidentified funds.

23 // Potential Funding Opportunities Capital Campaign Sales Tax Votes Special Services District

24 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta May 25, 2016

25 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta PAUL MORRIS President & CEO

26 // Atlanta BeltLine: 10 Years and Growing State of the Atlanta BeltLine May 25, 2016

27 // Overall Progress to Date Total investment to date: $449 million Over 110 projects complete or underway within Planning Area* valued at over $3 billion Total ROI: 7 to 1 *Projects larger than 10 dwelling units and/or 10,000 square feet

28 // SIP Period 1 Between now and 2018 (Period 1), the SIP includes the following project priorities: Securing rights to the remaining right-ofway to complete the 22-mile Atlanta BeltLine loop; Completing the southern half of the Westside Trail and commencing construction on the Southeast Trail; Constructing Boulevard Crossing Phase II, Enota and Murphy Crossing Parks; Initiating the first phase of Westside Reservoir Park including the passive-use park space; and Constructing streetcar/light-rail transit on the East and West sides of the Atlanta BeltLine.

29 // Transit System Planning Expands on the Atlanta Streetcar starter line 22 miles of transit around the Atlanta BeltLine 28 miles of crosstown transit Complements existing and planned bus service Connects communities, key destinations and employment centers Promotes more one-seat rides and seamless connections to MARTA

30 // Current Projects: Transit Current Environmental Assessment Atlanta BeltLine East Montgomery Ferry Road to Glenwood Avenue; Irwin Street (5.9 miles) Atlanta BeltLine West D. L. Hollowell Pkwy to University Avenue (4.6 miles) Crosstown North Avenue; Luckie Street (4.8 miles) Atlanta University Center Luckie Street to Atlanta BeltLine West (2.5 miles)

31 // Current Projects: Westside Trail Construction is on schedule and within budget To be complete in mile trail will connect 4 schools and 4 parks 14 access points Vertical connections Preparation for future transit

32 // Current Projects: Eastside Trail Ext. Phase I Irwin to Kirkwood Contractor selected Finalizing easements and permits Construction anticipated to begin spring 2016 Timeline for completion is 18 months after start

33 // Future Projects: Southside Corridor Negotiating with design firm Includes 4-mile trail between University Ave & Memorial Drive Design to include lighting, retaining walls, vertical connections, storm drainage, signage/wayfinding, and bridges Design to be complete in months followed by construction, subject to acquisition and securing funding

34 // Efforts to Date: Parks 202 acres of greenspace opened 130 acres under environmental assessment by EPA Acquisition underway on all other planned parks Goal: 1,300 acres of new greenspace Goal: 700 acres of renovated greenspace

35 // Efforts to Date: Complete Streets Ponce De Leon Avenue Spring Part of 46 mile complete streets program From Boulevard to Freedom Parkway Construction Start: Winter 2017 Joint venture with GDOT and Ponce City Market NEXT UP: University Avenue & Ralph David Abernathy

36 // Affordable Workforce Housing Goals of: 28,000 New Units 5,600 Workforce Units 1st Generation ( ) $8.8M Trust Fund capitalized Down Payment Assistance Incentives for Developers Property Acquisition To date: 15,483 New Total Units 2,279 Workforce Units More than 1,000 ABI/Invest Atlanta supported Units Reynoldstown Senior 70 units under const. LRC 29 units in Reynoldstown Boynton Village 43 units in Peoplestown

37 // FHLB Atlanta Structured Partnership PARTNER GOAL: Neighborhood Stabilization/Protection Elements Downpayment assistance Owner occupied rehabilitation adjacent to the Westside Trail Eligible families Under 80% of Area Median Income ($43K for a family of two) Success Expect 23 or more closings in the PILOT year (Mar 2015-Mar 2016) 2016 Renewal Negotiating a 2nd year with FHLBA Expanding production through partnerships - $635,000 to $2,000,000 Formation of commercial/industrial pilot program to mirror residential

38 // Lofts at Reynoldstown Crossing II Approx. 1.3 acres along Memorial Drive Adjacent to the Atlanta BeltLine ABI plans to issue an RFP in 2016 Affordable housing is a key objective

39 // Economic Development Action Key strategies Lead manufacturing, neighborhood health, and business support services sectors Optimize industrial land uses Pursue an business loan fund in strategic locations Lead and coordinate planning in key redevelopment nodes Key projects Advance Murphy Crossing site Lead planning efforts in the Boulevard Crossing node Activate new commercial activity at Westside Trail

40 // Murphy Crossing Study Six-month study funded by grant from the Economic Development Agency Jobs Related Economic Feasibility Analysis of Murphy Crossing and the Surrounding Area Prioritized Recommendations for Short, Mid and Long Term Activation Neighborhood Workforce Analysis Analysis of economic development scenarios Case studies of other national models Framework for Site Preparation

41 // Thank

42 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta May 25, 2016

43 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta MAYOR KASIM REED City of Atlanta

44 STATE OF THE ATLANTA BELTLINE 22 Miles to A Better Atlanta May 25, 2016