Fairfax County Tysons Transportation Funding Presentation 6-1-10
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Transcript of Fairfax County Tysons Transportation Funding Presentation 6-1-10
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Funding Tysons
TransportationImprovements
Board of Supervisors
Revitalization & Reinvestment CommitteeJune 1, 2010
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Capitalize on Metrorail investment to
Dulles of four Tysons stations
Regional growth management strategyto concentrate development in activitycenters
Vehicle trips generated byconcentrating development in Tysonswill be significantly less as comparedto locating the same uses in dispersedsuburban developments.
This is due to the high density mixeduse urban environment planned withinwalking distance of Metrorail stations.
Im
Benefits of Replanning
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A livable urban center with:
100,000 residents; 200,000 jobs
More housing and less parking
Grid of complete streets
Built around transit and walking Parks, plazas, and open space
High level of environmentalstewardship
Urban standards for buildings,
services and infrastructure
Affordable/workforce housing targets
Arts, cultural, recreation opportunities
Benefits of Replanning
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Assumptions/Discla
Evaluate transportation infrastructure required to su
development of 84 M square feet (2030 horizon yea
Future unentitled
land use assumed at 50% residen
residential
Revenue projections include 3% annual growth in ta
Cost estimates have been prepared by FCDOT usinguidelines which have been increased where approcost of right-of-way in Tysons, and the provision of c
All cost and revenue amounts are expressed as 201
Cost allocations between public and private sectorsstaff for the purpose of evaluating funding options
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Estimated Transportation2030
1. 2030 Grid of Streets a. Construction of streets associated with redevelopment proposals(Does NOT include right-of-way cost,for which density credit can be given)
b.
Construction of streets
outside of redevelopment pro
(includes ROW)
2. Tysons-wide Road Improvements(Includes right-of-way and construction cost)3.
Transit Operational and Capital Cost
(Does NOT include Dulles Rail cost)
4. Neighborhood & Access Improvemen(preliminary estimate) Total:
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Staff Proposed Public/PrivApportionment
Overall funding for transportation and tinvestment is a shared responsibility band private sectors.
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Grid of Streets
Grid of streets is critical to achieveurban form androad network to support planned intensitiesCurrent road network withsuperblock structure needs to be tranurban street grid with a smaller block fo
Existing Str
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Funding 2030 Street
030 grid is 60%
f 2050 grid
Cost: $444 M to
onstruct 2030 grid0% of 2030 grid to be rovided within projects.
Generally consists ofrontage and internaltreet improvements
Cost: $296 Mdoes NOT include ROW)
Street Network
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20% of 2030 grid is
expected to occur outsideof redevelopment
Cost: $148 Mincludes ROW cost)
Recommend continuationof Tysons Road Clubcurrent rate: $3.87 per sqt non-residential; $859 peresidential unit).
f sole source of funds,potential Road Clubates would be:
$8.63 per non-res sq.ft. and $1,000 per residential unit.Based on 27 M sq.ft. of unentitled
new development, assumin
between residential and non-residential development
Funding 2030 StreetStreet Network
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Road Club Rate
n comparison:
otential Tysons Rate
8.63 sq.ft. for non-res1,000 unit for res
Centreville Rate5.45 sq.ft. for non-res2,153 unit for res
airfax Center Area Rate5.07 sq.ft. for non-res1,124 unit for res
Street Network
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Tysons-wide 2030 Road
14 Projects required to support2030 redevelopmentintensity levels
Projects needed to:Maintain access within areaExpand capacity of existing
links
Improve access points from DTR and I-495 and TysonsImprove traffic flow within area
Total Cost: $646 M
2030 Stree
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Tysons-wide 2030 RoadPhase I (2010-2015)
Rt.7 Widening from Rt.123 to I-495
Boone Blvd Extension west from Rt.123 to Ashgrove
Lane
Phase II (2015-2020)
Greensboro Drive Extension west from Spring Hill Road to Rt.7
Dulles Toll Road Ramp to Boone Blvd Extension
Dulles Toll Road Ramp to Greensboro Drive Extension
Dulles Toll Road Westbound Collector Distributor
Dulles Toll Road Eastbound Collector Distributor
Phase III (2020-2025)
Rt.7 Widening between I-495 and I-66 (1.34 mile length, 0.18 miles in Tysons)
Rt.123 Widening from Old Courthouse Road to Rt.7
Rt.123 Widening from Rt.7 to I-495
Widen Magarity
Road from Lisle/Rt.7 to Great Falls Street
I-495 Overpass at Tysons Corner Center
Extension of Jones Branch Connection to inside I-495
Phase IV (2025-2030)
Widen Gallows Road from Rt.7 to Prosperity Ave (2.56 mile length, 0.84 miles inside Tysons)
Total for 2010 to 2030
*
* Project phasing could be adjusted based on cha
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Funding Tysons-wide 203
Staff Recommends:
Tysons-wide project costs should be a sharebetween the public and private sectors.
The cost share should be allocated based upthrough and local traffic volumes.
Public responsibility: All of through traffic (35local traffic generated (32.5%)
Private responsibility:
of local traffic gener
Cost Split for Tysons-wide Projects:Private Sector 32.5% ($210 M)Public Sector 67.5% ($436 M)
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Tysons-wide 2030 ProjFunding Options Elem
Each funding option was rated on 7 elementsissues related to each (see appendix for mor
Seven elements-Cost of Financing/Carrying Cost
-Length of Tim
-General Fund Impact
-Impact on R
-Ability to Meet Capital Requirements -Impact to G.-Level of Third Party Concurrence
Elements are ranked on color scale:Green = Low impact and/or Most Bene
Orange = Medium Impact and/or Of CoRed = High Impact and/or Most Diffi
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General Revenue Fund (Pay-Go)Dedicate portion of general revenuecollected through property tax
Through 2030 $0.01 General Fund dedication $502
Tysons-wide 2030 ProjFunding Option Public
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Meals Tax (Pay-Go)Establish a countywide 4% meals taxwith a portion dedicated for transportat
Through 2030 Annual contribution of$21.8 M could fully fund $4Meals Tax at 4% expected to generate
$80 M annually count
hich is sufficient to fund Tysons-wide improvements, as well ather Countywide transportation improvements
Tysons-wide 2030 ProjFunding Option Public
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General Obligation Bond ProgramInclude all or a portion into CountysCIP and debt program
Through 2030 Final allocation to be considered in conother CIP priorities and review of debt c(Full cost of Tysons projects would require $21.8 M per year
Tysons-wide 2030 ProjFunding Option Public
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State and Federal FundingThere is enormous uncertainty related to federal and stransportation
State transportation funds for construction
began bein
maintenance
in FY02. Due to this, and other factors,
without increases in state transportation revenue, the adequate transportation funds to fully match federal fu
Availability of Federal funding for new construction prextremely uncertain and will remain so until a new fedbill in enacted by Congress.
All state and federal funds are largely already commitprojects over the next 6 years (FY11
FY16) and not
projects
Tysons-wide 2030 ProjFunding Option Public
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State and Federal FundingPortion of funding provided from stateor federal sources
Historically state and federal funding soCOUNTYWIDE capital transportation paveraged between $40 50 M annually
Tysons-wide 2030 ProjFunding Option Public
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Commercial Transportation Tax (C&I FuDedicate portion of revenue collectedthrough C&I Fund. FY2009 rate at $0.(max rate permitted = $0.125)
Through 2030 24% of C & I dedication ($0.0267)
$138 M48% of C & I dedication ($0.0535)
$336 M(Tysons currently contributes 24% of total C&I revenue)
Tysons-wide 2030 ProjFunding Option Public
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Special Tax or Service Districtad valoremspecial tax or specialassessment within defined geographic
Through 2030 $0.14 ad valorem tax rate $210 M
Tysons-wide 2030 ProjFunding Option Private
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Community Development Authority (CDad valoremspecial tax or specialassessment within defined geographic
Requires petition by 51% of land owne
Through 2030 $0.07 ad valorem tax rate $86 M(linked to Dulles Rail maximum rate where CDA rate increrate is reduced with a combined maximum rate of $0.29
Tysons-wide 2030 ProjFunding Option Private
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Development Contributions
Funds or in-kind constructioncommitments provided either from indiproposals or from private-private partn
Through 2030 Contribution levels are unknown at this
Tysons-wide 2030 ProjFunding Option Private
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Tysons-wide 2030 ProjFunding Option Summ
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Solution likely to blend variety of options
proposed to spread risk and phase funds
Total Need
Public-100% TIF
-Capped TIF at $0.01 G.F. Amount -General Fund / Pay-Go @ $0.01 Dedication -Meals Tax (4%) -G.O. Bonds ($21.8M per year)
-State/Federal funds-C&I Funds, $0.04 dedication
Private-Service District, $0.14 ad valoremrate
-CDA, $0.07 ad valoremrate tied to Rail -Developer Contributions
Tysons-wide 2030 ProjFunding Option Summ
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Transit Costs Operating
Expanded transit service thatserves Tysons, over and aboveservice existing today; doesnot include costs for Silver Line
Operating Cost: $306 M$18M annual cost over 17yrsCapital Cost: $68 M$34 M for initial transit equipment purchase
$34 M for replacement of equipment
Staff Recommends:Total costs of$374 M (
$20 M annually); ass
public sector
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Neighborhood & Access Imp
Additional transportation improvements shimprove existing transportation issues in adneighborhoods. Improvements also suppotransportation mode-shifts within Tysons a
Tysons Neighborhood Intersection ImprovBike Access Point ImprovementsTysons Metrorail Station Access Improvem
Staff Recommends:
Total costs assumed 100% by public sectoand extent of projects is yet to be finalizedto be at least $70 M
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Fairfax County Long-Term Transportation Requirements (FY11-FY20) Board Revitaliza
3 Years 3 Years 4 Years 1
Activities FY 2011-2013 FY 2014 - 2016 FY 2017 - 2020Connector $277,400,000 $310,800,000 $472,600,000VRE $15,700,000 $17,700,000 $27,100,000WMATA Operating $252,200,000 $300,300,000 $491,300,000
WMATA Capital $165,200,000 $184,000,000 $250,800,000
Subtotal Existing Transit Services $710,500,000 $812,800,000 $1,241,800,000
Dulles Rail Operating (Fairfax County) $0 $5,700,000 $18,700,000
Dulles Rail Capital $608,000,000 $222,000,000 $0
Subtotal Dulles Rail $608,000,000 $227,700,000 $18,700,000
Transit Bonds $27,000,000 $24,400,000 $27,400,000Transportation Bonds $29,100,000 $14,800,000 $12,700,000Road Bonds $120,700,000 $98,500,000 $110,400,000Subtotal Debt Service $176,800,000 $137,700,000 $150,500,000
$1,495,300,000 $1,178,200,000 $1,411,000,000
Debt
Service
Total Existing & Committed Expenditures
C&I,GF,TMP,
andW
MATA
Exis
ting
Dulles
Rail
PhasesI
andII
Existing and Committed Expenditures
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Fairfax County Long-Term Transportation Requirements (FY11-FY20) Board Revitaliza
3 Years 3 Years 4 Years 1
Activities FY 2011-2013 FY 2014 - 2016 FY 2017 - 2020Operating $0 $2,500,000 $11,100,000Capital $62,000,000 $50,000,000 $0Subtotal Columbia Pike Streetcar $62,000,000 $52,500,000 $11,100,000
(Includes HOT Lane Service, BRAC, & Phase II Dulles Service)Short-Term $228,600,000 $0 $0Mid-Term (+ Short-Term) $0 $342,000,000 $0Long-Term (+ Short & Mid-Term) $0 $0 $412,400,000Park & Rides (new construction) $43,800,000 $43,800,000 $58,400,000Subtotal TDP $272,400,000 $385,800,000 $470,800,000
$334,400,000 $438,300,000 $481,900,000
Activities FY 2011-2013 FY 2014 - 2016 FY 2017 - 2020
Roadway Maintenance $175,500,000 $175,500,000 $234,000,000
CIP/VDOT 6YP/CLRP/ C&I Projects $408,521,000 $321,021,000 $228,457,000
Specific Area Improvements- Tysons Roadway* $235,800,000 $235,800,000 $314,400,000- Springfield Roadway $36,810,000 $36,810,000 $49,080,000- Bailey's Roadway $4,500,000 $4,500,000 $6,000,000- Annandale Roadway $22,500,000 $22,500,000 $30,000,000- Reston Metrorail Access Group(RMAG) $33,606,000 $33,606,000 $44,808,000
-Tysons Metrorail Station Access
Management Study (TMSAMS) - Includes
neighborhood intersection & bicycle entry
access improvements * $21,000,000 $21,000,000 $28,000,000
Comprehensive Plan Improvements(includes approximately 10 road widenings,
5 interchanges & 5 non-widening
improvements) $325,740,000 $325,740,000 $434,320,000
BRAC-Related Projects $997,000,000 $0 $0
$2,260,977,000 $1,176,477,000 $1,369,065,000
Total Planned Transit Expenditures
TDP
Columbia
Pike
Streetcar
Planned Expenditures
Progra
mmed
Projects
OtherNon-Transit&
Roadway
* 20 Year total for Tysons Transportation Improvements is $1,534. This includes transit costs of $374M, roadway improvements of $1,090M, and TMS
improvements of $70M. $786M is the projected need for the first 10 years of roadway improvement funding. The TMSAMS number and extent of proje
finalized, but costs are expected to be at least $70M.
Total Non-Transit & Roadway Expenditures
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Fairfax County Long-Term Transportation Requirements (FY11-FY20) Board Revitaliza
3 Years 3 Years 4 Years 1
Activities FY 2011-2013 FY 2014 - 2016 FY 2017 - 2020$1,495,300,000 $1,178,200,000 $1,411,000,000
$334,400,000 $438,300,000 $481,900,000
$2,260,977,000 $1,176,477,000 $1,369,065,000
$4,090,677,000 $2,792,977,000 $3,261,965,000 $1
3 Years 3 Years 4 Years 1
Sources FY 2011-2013 FY 2014 - 2016 FY 2017 - 2020State $239,050,000 $212,450,000 $242,000,000Federal $48,888,300 $79,750,000 $93,250,000State and Federal from VDOT $560,071,000 $504,771,000 $473,457,000Regional $66,600,000 $66,600,000 $88,800,000Local $933,800,996 $583,400,996 $590,116,508
$1,848,410,296 $1,446,971,996 $1,487,623,508 $
-$2,242,266,704 -$1,346,005,004 -$1,774,341,492 -$
Total Non-Transit & Roadway Exependitures
Total Existing & Committed Expenditures
Total Planned Transit Expenditures
Expenditures vs. Revenues Difference
Grand Total Expenditures
Revenues
Grand Total Revenues
Total of All Revenues
Total of All Expenditures
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This Potential Transportation Funding Options (June 1, 2010)
Tax or Fee Assumed Rate10-Year Estimated
Incremental Amount(FY11 through FY20)
Meals Tax Countywide 4% $800 MGeneral Fund $0.04/$100 of assessed value on
General Fund $1,004 MCountywide Commercial andIndustrial (C&I) Revenue forTransportation: Increase Rateto Current State Cap
Increase by $0.015/$100 ofassessed value on C&I realproperty (increase from currentrate of $0.11/$100 to currentstate cap of $0.125)
$55 M (increment abovecurrent rate of $0.11/$100
only)
Countywide Commercial andIndustrial (C&I) Revenue forTransportation: Increase Rateto State Cap as of June 30,2013
Increase rate from current statecap of $0.125/$100 of assessedvalue on C&I real property torevised cap of $0.25/$100 as ofJune 30, 2013
$190 M(FY14 through FY20 only;
increment for increasefrom $0.125 /$100 to
$0.25/$100 only)7 NOVA Regional Taxes andFees for Transportation(Repealed after VA SupremeCourt ruling in February 2008that it is unconstitutional forNVTA to impose these taxesand fees)
Congestion Relief Fee(Grantors Tax) of $0.40/$100
Additional Annual $10 VehicleRegistration Fee
One Time Initial NOVARegistration Fee (1% ofvehicle value)
2% Rental Car Fee 2% Transient Occupancy Tax Additional $10 Safety
Inspection Fee 5% Sales and Use Tax on
Motor Vehicle Repairs
$1,500 M(Fairfax County estimated
share only)
Transit Fare Recovery
Assuming 20% recovery ofoperating costs of added transitservice
$142 M
Tysons Private Sector Share 45% private sector shareassumed by staff in Tysonspresentation
$327 M
Tysons TIF Range: Capped TIF at $0.01 ofGeneral Fund tax rate value to100% TIF at $1.09/$100 of valuerate and 3% annual growth
$125 - $219 M
General Obligation Bonds(increment above current CIP
estimates for transportation)Assuming General Fund supportfor an additional $22 M (on
average) annually
$220 M
Federal Reauthorization andEarmarks (increment abovecurrent CLRP estimates)
Unknown Unknown
State Funds (increment abovecurrent CLRP estimates) Unknown UnknownOther Private SectorContributions Unknown Unknown