P3 IS FOR PARTNERSHIPS, PLACEMAKING, AND POLICY€¦ · P3 IS FOR PARTNERSHIPS, PLACEMAKING, AND...
Transcript of P3 IS FOR PARTNERSHIPS, PLACEMAKING, AND POLICY€¦ · P3 IS FOR PARTNERSHIPS, PLACEMAKING, AND...
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P3 IS FOR PARTNERSHIPS, PLACEMAKING, AND POLICY:
What a P3 Can do for Equity, Affordability, and Small Business Retention
Saving the Soul of a Community Displaced by Redevelopment
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Panelists
• PaulMorris,President&CEO,AtlantaBeltline– Developmentofmodernstreetcar/lightrailtransitnetwork
toconnectemploymentandactivitycenters,expandparksystem,andimpactdevelopmentpatternsovertimetocreatedense,urban,accessiblecoreinAtlanta
– Amongthelargest,widestrangingredevelopmentandmobilityprojectsintheUS
• BobTuccillo,AssociateAdministratorforBudget&Policy,FederalTransitAdministration– Overseesateamresponsibleforpolicydevelopment,
strategicandprogramplanning,programevaluation,budgeting,andaccounting.
– ServesastheChiefFinancialOfficerforFTA– PreviouslyatOMB,workingwithEPA,Departmentsof
InteriorandEducation
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• Financing,entitlement,construction>1millionSF- Projectvalue>$500million
• HollandPartnerGroup,ZidellYards,TheKor Group• LOCUSSteeringCommittee,ViceChairULINorthwestDistrict
Council• BoardMember– PortlandStreetcar&LosAngelesStreetcar• UrbanOneProfile– Managescomplexurbandevelopmentforpublicandprivateclients
– SpecializeinurbanWestCoastlocations– Integrateprivateinfill/redevelopmentwithimprovedpublicinfrastructure
DennisAllen
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P3:TheNewParadigm• WehaveanewwaytoconsiderPPP• Streetcarsasanidealexample
– Partnerships• PresentexamplesaresomeofthebesttraditionalPPPs• Truebuyinfrombusiness,landowners,andpublic
– Placemaking• Createthewalkable,sociallyequitableplacesLOCUSpromotes
• Developstheappropriateurbancontext– Policy
• Whenimplementedrightcanstimulatesocialequity• Displacementisoftenmisunderstood• Significantenvironmentalgains
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OriginalLosAngeles
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ABetterIdea…….?
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Oops…….maybethatwasn’tsuchagoodidea?
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BacktotheFuture
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• TruePublic/PrivatePartnership• PortlandStreetcar
– HitridershiprecordinMarch2017,>16,000/day
– 1990– cityinitiatedfeasibilitystudy
– 1999– groundbreakingforconstructionstart
– 2001– passengerservicebegan– 7milesin2loops
• Lessons– Createanon-profitstructure– Haveelectedleadershipbuy-in– Engage/includethebusiness
community
PortlandStreetcar
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11% of PDXin 1998
Corridor Percentage of City RMV has increased by 6%
17% of PDXin 2015
Source: Metro RLIS
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Source: Metro RLIS, CoStar, City of Portland, REIS
Multifamily Units Developed Since 1998 in Corridor
Type Buildings Units Apartment 71 8,635 Affordable 26 2,911 Condominium 41 4,230 Hotel 6 1,315 Institutional 3 797 Grand Total 147 17,888
!
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• 1963 – 90 years of streetcar history ends, Largest system in the country
• 2008 – City begins investigation of adding route downtown
• 2010 – nonprofit LA Streetcar Inc. formed• 2012 – assessment district formed• 2016 – environmental study complete• 2018? – begin construction• 2020 - complete construction, begin
system testing• Lessons Learned
– Use non-profit for flexibility– Don’t let infrastructure drag project
LosAngelesStreetcar
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• PrivateSector• Necessaryifwantprivate
dollars• PrivatePropertyOwner
Buy-inandCredibility• Seatatthetablefor
decisionsandideas• Creativityinstructureand
funding
• PublicSector• Removesburden/blame
fromanyoneentity• Singlepointofleadership
andaccountabilitywithgovernment
• NotJustanAdvisoryorSteeringCommittee- butRealPower
WhyDoANon-ProfitPPP
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PromotesEquity&SustainabilityObjective Expand
RoadwaysEfficient/AltFuelVehicles
ModeShifts
ReduceTrafficCongestion X X
Roadwaycostsavings X
Parkingcostsavings X
Consumercostsavings X
Improvemobilityoptions X X
Improvetrafficsafety ? X
Energyconservation X X
Pollutionreduction X X
Landuseobjectives X
Publicfitness&health XVictoriaTransportPolicyInstitute