building on our momentummomentum · adjusts the $20m already approved by the common council in 2016...
TRANSCRIPT
The Hop is a success!BY THE NUMBERS
JOBS• Construction of the M-Line was on-time
and on-budget
• Over 60,000 Resident Preference hours and over $14 million invested in local Disadvantaged Business En-terprises (DBE) during construction
• The Hop directly employs 36 employees
Over 200,000 rides in first three months (Nov 2018 – Jan 2019)
2,109 Average Daily Rides (Nov 2018 – Jan 2019) (1,850 projected)
16,409 Total rides during opening weekend (Nov. 2-4, 2018)
4,882 Highest single-day total (Saturday, Dec. 15, 2018)
Building on our
MomentumMomentum
MICHIGAN STMICHIGAN ST
WISCONSIN AVE WISCONSIN AVE
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HENRY MAIERFESTIVAL PARKHENRY MAIER
FESTIVAL PARK
UWM SCHOOL OF FRESHWATER
SCIENCES
UWM SCHOOL OF FRESHWATER
SCIENCES
BRADY STREETBRADY STREET
NORTH AVENUENORTH AVENUEBRONZEVILLEBRONZEVILLE
WALKER’SPOINT
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ROCKWELLAUTOMATIONROCKWELL
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To UWM
LakeMichigan
M-Line(2018)
Walker’s Point
Future extension
L-Line(2020)
Bronzeville to Walker’s Point route
Amtrak Intercity Rail
to Wisconsin Avenue(2020)
Bronzeville to Walker’s Point(2024)
Getting to Wisconsin Avenue by July 2020The DNC is Coming
Extension to Bronzeville and Walker’s PointGetting to the Neighborhoods
THE PROJECT
0.4-mile M-Line extension
along Vel R. Phillips Avenue
and 5th Street
Stations at Intermodal Station and
new plaza
Brings riders to convention center
front door
Advances the Locally Preferred
Alternative already adopted by the
Common Council
Implements first section of
Bronzeville Extension
LET'S BE READY FOR THE DNC!For the first time in our City’s long history, Milwaukee will host a major political party convention. This is Milwaukee’s chance to showcase our City to the world.
COSTS AND FUNDING• $28 million to complete final design
and construction
• Funded through local tax increment financing
SCHEDULEThe City has already expedited planning and design work to ensure the extension can be up and running for the DNC.
• July 2019: Complete utility agreements and commence construction
• September 2019: Complete streetcar final design
• October 2019: Commence streetcar construction
• May 2020: Complete construction
• May-June 2020: Operations testing
• July 2020: Passenger service
THE PROJECT
3.0-mile route between Bronzeville and Walker’s Point (2.4 miles using new track)
Complete engineering and environmental studies
Complete financial planning
Request entrance into federal funding program (Capital Investment Grant Program/Small Starts)
Evaluating future route alternatives for Walkers Point
WHY?1. Getting to Bronzeville and Walker’s Point meets the goal of
extending to neighborhoods outside of downtown.
2. Positions the City for $75M to $80M in matching federal funds in a predictable federal program used by transit systems across the country.
3. Supports major development initiatives, such as Deer District, Journal Sentinel redevelopment, Convention Center expansion, The Avenue redevelopment, Bronzeville Cultural and Entertainment District, The Griot, Reed Street Yards, and Schuster’s Redevelopment.
COSTS AND FUNDING• $18.3M from local TIF districts to fund
project development activities
• Potential for 50/50 federal and local match as part of federal funding program
• Total project cost is approximately $150M-$160M (Planning Estimate)
• $0.5M from local TIF districts to study future route alternatives in Walker’s Point
SCHEDULE• Fall 2019: Commence engineering and
environmental services
• Summer 2020: Common Council meeting – commit remaining funds for local match
• September 2020: Submit Small Starts request for federal funding
• Spring/Summer 2022: Receive federal funding grant agreement and commence construction
• 2024: Open for passenger service
20+ million media impressions (Philadelphia Convention 2016)
National and international media exposure of Milwaukee
50,000+DNC-related visitors
Residual impact of people coming before and after or returning as a result of positive experience
At least 1,500 private events
Future convention holders, employees, employers, developers are all watching
Up to $200M in economic impact
BUILDING on our MOMENTUM
Funding Extensions to Bronzeville and Walker’s PointThe Path Forward
GETTING TO BRONZEVILLE AND WALKER’S POINT: FUNDING PLAN
The $46.8M will be funded through existing local tax increment finance districts and will not remove existing funding from any existing City services. The plan below adjusts the $20M already approved by the Common Council in 2016 and identifies an additional $26.8M.
TID Funding Uses
#39 Hilton $4.0M to Wisconsin Ave
#41 Time Warner Riverwalk $12.5M Bronzeville to Walker’s Point
#48 Park East $16.0M to Wisconsin Ave
#88 4th/Wisconsin $8.0M to Wisconsin Ave
#56 Erie/Jefferson $5.8M Bronzeville to Walker’s Point
#75 Reed Street Yards $0.5M Walker’s Point Alternatives Analysis
TOTAL $46.8M
Operations and maintenance (O&M) financial planning is ongoing for the first phase and future extensions. A variety of sources could be used and are being evaluated to help supplement the existing O&M funding sources of sponsorships and CMAQ.
Federal funding
5307 Urbanized Area Formula Grants – eligible 2021
5337 State of Good Repair Grants – eligible 2026
City Parking revenues
Additional CMAQ funding
Additional Private funding and sponsorships
Creation of Local Improvement District
Sustainable funding for local transit
GETTING TO BRONZEVILLE AND WALKER’S POINT: COSTS
To move forward with the plan outlined requires $46.8M in local funding.
Segment Action Local Cost
to Wisconsin Ave Engineering & Capital (100% Local Funds)
$28M
Bronzeville to Walker’s Point Commit Project Development costs *
$18.3M
Walker’s Point Further study beyond 1st St/Pittsburgh Ave
$0.5M
TOTAL $46.8M
* Project Development consists of Final Planning, Environmental Review, Preliminary and Final Design, etc.
GARFIELD AVE
ST PAUL AVE
LLOYD ST
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BUILDING on our MOMENTUM
2019-0515
Vel R. Phillips PlazaThe Path Forward
THE PROJECTConstruct an approximately 0.9 acre urban plaza at Vel R. Phillips Ave. and Wisconsin Ave. at the site of an existing city-owned parking lot
Streetcar traverses through the plaza with level boarding
Envisioned as a green oasis with groves of trees and a future pavilion/café
COSTS AND FUNDING• Approximately $5M to complete
design and construction of the plaza
• Funded through nearby local tax incre-ment financing
SCHEDULE• September 2019:
Complete design of plaza
• October 2019: Commence plaza construction
• July 2020: Plaza open before DNC
WHY?• Creates an exciting urban gateway
to downtown Milwaukee, the convention center, and DNC
• Sets the stage for a unique transit-oriented development opportunity
• Helps to catalyze an underutilized parcel for a higher, better use than surface parking
• Creates a new front door and adds an active and vibrant public-space to Westown’s growing list of exciting developments
BUILDING on our MOMENTUM
2019-0515
JEFFREY S. POLENSKE, PECommissioner of Public Works City of Milwaukee Department of Public Works841 North Broadway, Room 501 Milwaukee, WI 53202 (414)286-3301 [email protected]
Further Questions?Contact information
All Aboard!The $46.8M requested will construct an extension to Wisconsin Avenue and prepare the remainder of the Bronzeville to Walker’s Point Route for federal funding opportunities.
Common Council meeting
MAY 29
Zoning, Neighborhoods, and Development Committee meeting
MAY 212019
Redevelopment Authority of the City of Milwaukee meeting
MAY 16
Local funding plan finalized/submitted
MAY 1
I M M E D I AT E NEXT STEPS
Proven Economic DevelopmentDevelopment facilitated by the streetcar generates new tax base that benefits the entire city.
THE VALUE• 435 apartment units under construction or planned directly on the M-Line or L-Line
• 660 new hotel rooms under construction or planned along the M-Line or L-Line
• 27.9% growth in new property value from 2015-2018 within 1/4-mile of the M-Line
• Downtown represents 3.5% of the City’s land area, but represents 22.6% of the City’s assessed value
THE PROJECTSSome of the City’s largest projects are right along the streetcar route:
• BMO Harris Tower (see photo, right): 25-story, $132M tower development
• Couture: $125 million, 44-story residential tower
• Countless other developments have referenced the streetcar in their decisions to develop property
BUILDING on our MOMENTUM
2019-0515