County of Fairfax, Virginia

Funding Springfield Transportation NeedsShared Investments in Transportation Infrastructure

October 3, 2018 Page 1

• Springfield Comprehensive Plan Amendment (2010)

o Community Business Center (CBC) and Transit Station Area (TSA)o Identified transportation projects needed to support redevelopment

� Capacity, Intersections, bike/ped, complete streets, transit� Estimated $280 million in costs

• Proposed Springfield Road Fundo Leverages public and private investmento Pools private sector contributions, triggered by land use change, to

fund off-site (multimodal) transportation improvementso Includes residential rate per DU and commercial per SFo Allows network to be phased with pace of developmento Provides supplemental funding for improvements in a street

network that are not addressed by redevelopment, but are essential for circulation and congestion relief

o Provides dedicated funding source for reinvestment in Springfield

County of Fairfax, Virginia

• Proposed Springfield Road Fund Projects (Phase 1)

o Area-wide intersection improvementso CBC and Town Center Complete Streetso Commerce Street Bicycle/Pedestrian connectivity

improvements across I-95o Frontier Drive Extensiono Franconia-Springfield Parkway/Frontier Drive/Metro

Access Braided Rampso Estimated $136 million in costs

• Proposed Springfield Road Fund Cost Sharingo 65% publicly fundedo 35% funded through developer contribution

• Springfield Development Potential

o Commercial – 8.5+ million SFo Residential – 6,300+ DU

• Proposed Springfield Road Fund Rateso Non-Residential – $4.45/SFo Residential – $944/DU

October 3, 2018 Page 2

Fairfax County Road Funds with Rates (2018)

Proposed Springfield Road Fund Boundary

“Lowest in the County!”