january 9 2008january 9, 20082007-2008 transportation priorities current projects-north tarrant...

January 9 2008January 9, 2008

The Mobility CrisisThe Mobility Crisis

The problem is:The problem is: We can’t afford it

W d $130 billi th t 20We need $130 billion over the next 20 years to maintain and expand our transportation

i f t tinfrastructure.

• We’re currently $59 billion short.

What Are We Doing About the M bili C i i ?Mobility Crisis?

We have a plan:pMetropolitan Mobility Plan 2030

• Adds 3,444 miles of new freeway and tollway lanes

• Adds 626 miles of managed lanes

• Adds 397 miles of rail service

Transportation Update2007-2008 Transportation Priorities

Current Projectsj-North Tarrant Express

Direct Impact ProjectsDirect Impact Projects-Alliance Area (SH 114W, 35W north of SH 114, Alliance Airport)-SH 170-North Fort Worth Arterials-US Hwy 287

Regional Projects-Regional Commuter Rail-Tower 55

North Tarrant ExpressStrategic Initiatives: Transportation

First segment completed as soon as 2011

AFW Runway Extension

Strategic Initiatives: Transportation

AFW Runway Extension

Funds to Date: $59,040,865

• 2007 Grant: $10,000,000

2006 G $10 000 000• 2006 Grant: $10,000,000

• 2005 Transportation Earmark: $6,500,000

T t C t B d F d• Tarrant County Bond Funds: $5,100,000

Status

S d E th k P k• Second Earthwork Package- Completion 12.17.06

• FM 156 Relocation- Bid letting 12.29.07Bid letting 12.29.07- Completion 6.30.09

• BNSF Railroad- Westside alternative

d di i AFW at 13 000 feetunder discussion AFW at 13,000 feet

Alli Gl b l L i ti H b


Alliance Global Logistics Hub

• 587,274 lifts for 2006

• 1 million lifts expected by 2011

• BNSF Railway plannedBNSF Railway planned improvements to increase capacity to 2 million lifts

• Container yard planned

• New “Through the Fence” trans-load facilities

AllianceTexas Statistics

Overview

• $6.5 billion invested

• $31.3 billion economic impact

• 28 million SF developed

• 150+ corporate residents

• 65+ companies listed on the• 65+ companies listed on the Fortune 500, Global 500 or Forbes’ List of Top Private Firms

• 27 000+ employees• 27,000+ employees

• 6,200+ homes built

AllianceTexas Corporate Base

Economic Impact

Total Investment = $6 5 BillionPublic & Private Investment

$7.0sTotal Investment = $6.5 Billion

For every $1 dollar of public investment, the private sector has invested $18.

Public & Private Investment

$6.0

$7.0

Bill

ions $6.2 Billion (94.71%)

$4.0

$5.0

B

Private

$2 0

$3.0PrivatePublic

$1.0

$2.0

$347 9 Million (5 29%)$0.0

Investment

$347.9 Million (5.29%)

Economic Impact

2006Property Taxes Paid

$12

Mill

ions

2006

$80,633,007$537.5 MillionCumulative 1990 - 2006

$

$10

M

$6

$8

$4

$2 1990

$223 010

Direct Property Taxes Paid to Fort Worth$0

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

$223,010

Alliance

Alliance Gateway 72

Alliance Gateway 52250,000 SF Available




Alliance

99,000 SF Available

Alliance Town Center - Opening ScheduleStrategic Initiatives: Transportation

• JCPenney, Hobby Lobby, Cheddar’s, Wells Fargo – Now Open

• Best Buy, Belk – Under Construction; Sam Moon – Summer 2008

• Many well known stores in progress• Many well known stores in progress

Date of Photo: Sept 14 2007N

Date of Photo: Sept. 14, 2007

Office Development


O ce e e op e t

• New office resident: Mercedes Financial

• Heritage Commons I - III office complex now i l d D Cincludes DynCorp International, Hillwood, Mercedes Financial and Tarrant County CollegeTarrant County College

• Next: Heritage Commons IV

Photo Date: Sept. 14, 2007


Ne Constr ction in Fort WorthNew Construction in Fort Worth

• Heritage Commons II – Complete

• Alliance Gateway 23 – Complete

• Alliance Gateway 18 – In progressAlliance Gateway 18 In progress

• Alliance Gateway 52 – In progress

• Westport 20 – To Begin

Thank You!Thank You!

january 9 2008january 9, 20082007-2008 transportation priorities current projects-north tarrant...

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