170 likes | 243 Views
Cliff Henke Sr. Analyst, BRT and Small Starts PB TR&S, Inc. Denver Streetcar Workshop – September 27, 2007. Seattle and Streetcars– An Update. Topics Today. Brief Background Status 2007 opening 2008 referendum Keys to success. Challenging topography and street grid .
E N D
Cliff Henke Sr. Analyst, BRT and Small Starts PB TR&S, Inc. Denver Streetcar Workshop – September 27, 2007 Seattle and Streetcars– An Update
Topics Today • Brief Background • Status • 2007 opening • 2008 referendum • Keys to success
Challenging topography and street grid South Lake Union neighborhood
The right time, the right place • Two of fastest growing neighborhoods in Seattle • Expect 25,000 new jobs and 11,000 new households by 2024
Seattle Streetcar by the numbers • 2.6 miles • 11 stops • 3 streetcars • $51 million to construct • 330,000 riders/year • 3.3 million square feet of office development • 6,100 units of housing
Turning Challenges into Opportunities • Climate of skepticism • Leveraging private partnerships • Metro Transit Joint Operations Agreement
Seattle’s first LID in 15 years Covers half of capital cost–$25M Only contested by 1.47% of property owners Local Improvement District
King County Metro $13.9 M Sponsorships $8.2 M Other $2 M Farebox $8.2 M Funding streetcar operations
January 2003 Streetcar Concept Announced June 2006 Streetcar groundbreaking December 2007 Streetcar operating October 2005 Local Improvement District implemented Streetcar Timeline June 2007 Joint operating agreement approved June 2005 Funding plan approved
Keys to Success • Buy-in of all major stakeholders • Public share of financial plan • Fast implementation (less than four years concept to revenue opening) • Local developer support • Minimal disruption during construction (Portland model) • Flexibility during construction to address field conditions