regional transportation & land use irem / boma real estate forecast breakfast 2009 rich macias,...
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Regional Transportation & Land Use
IREM / BOMAReal Estate Forecast Breakfast 2009
Rich Macias, DirectorRegional & Comprehensive Planning
Southern California Association of GovernmentsJanuary 29, 2009
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Largest Metropolitan Planning Organization in US 6 counties188 cities18.5 million people8 million jobs
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SCAG region is expected to add 5.5 million persons between 2008 and 2035:– Growth concentrated in 15-34 and 55+ age
groups leading to a greater “dependent population”
– Immigrants and their children will replace aging baby boomers in workforce
Both trends will transform the region’s housing and labor markets and require policy and industry responses.
Demographic Trends
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Southern California’sEconomy & Quality of Life -
Challenged by:
Traffic &Infrastructure
Air Quality &Public Health
Housing Affordability
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A.B. 32 & S.B. 375: New mandates fortransportation & land use planning
New Challenge: Climate Change
Future growth will need to utilize transportation system more efficiently to: - Reduce Vehicle Miles Traveled (VMT) - Reduce G.H.G. Emissions
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Regional Planning Response
1. Targeted infrastructure investments
2. Innovative financing methods
3. Coordinated land use planning
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$531.5 billion (nominal dollars)
1. Infrastructure Investments2008 Regional Transportation Plan
• Highways – close gaps & add lanes• Transit & Rail – move people efficiently• Goods Movement – move freight faster & cleaner
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2. Innovative Financing
$531.5 Billion (Nominal)FY2007 – FY2036
Local$286.5B
(54%)
Federal$41.6B(8%)
New$120.1B(23%)
State$83.4B(16%)
(Note: Numbers may not add due to rounding)
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Major New Revenue Sources
$120.1 billion(23%)
Value Capture Strategies $3.7 billion
Highway Tolls $22 billion
Gas Tax Adjustment $17 billion
Container Fees $41.5 billion
Private Equity Participation $4.4 billion