transit revitalization investment districts planning and implementation of act 238 of 2004 july 2006...
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Transit Revitalization Investment DistrictsPlanning and Implementation of Act 238 of 2004
July 2006
Getting to TRID
Lynn ColosiClear View Strategies
Agenda
Transit Properties
Case Studies
Summary of TRID: Act 238
TRID Funding and Application Process
Questions & Answers
Getting to TRID
Getting to TRID
Transit Agency as Community Developer
Excess Properties
Tax Exempt
SmartGrowth linking transit with land use accessibility
FTA Policy
Getting to TRID
Transit Agency as Community Developer
Shannon Station Development
Walgreens DeAngelis
RBDC
Salvatio
nArm
y
BCTA
Borough
Park
BTCA
Transportation
Center
Rochester BoroughParkingBorough
Park
Borough
Park
Rochester Borough
BCTA Park and RideR
hode Island
Avenue
Brighton Avenue
Adams Street
W. Washington St.
Rochester Borough
Family Dollar
Penn Beaver Building
Rochester TRID
Getting to TRID
Summary of TRID
Transit Revitalization Investment District summary of the program TRID planning study 1/8 mile radius value capture
Enhances or Promotes Coordination offers municipalities, transit agencies and other local
stakeholders a way to partner to facilitate community development
State Funding Support additional planning and implementation $
TRID Area Boundaries
(Refined by TRID Planning Study)
Getting to TRID
Benefits of TRID
TRID Offers Communities a New Tool Foster community revitalization Support local economic development goals Help shape local development patterns
Opportunity for Transit Agencies Partner with local governments and developers to advance TOD Increase transit ridership Share in real estate tax revenues to support capital projects
and maintenance in TRID areas
TRID PROCESSPlanning Study
Step 1 – Cooperation between municipality and transit agency to undertake study and create TRID
Step 2 – Municipality and transit agency engage support of other partners
Step 3 – Municipality submits application for planning study funding
Step 4 – Municipality in cooperation with partners undertakes TRID Planning Study
Step 5 – Planning study is completed and presented to the public
Step 6 – Municipality and transit agency accept planning study’s findings and recommendations
Getting to TRID
TRID Planning Study Requirements
1.Facilitate Partnerships2.Community Outreach3.Market Study
identify existing and proposed land use determine real estate market conditions (property
availability, development potential) establish TRID and Value Capture area boundaries zoning/comp plan amendments
4.Environmental Conditions water, sewer, storm water infrastructure improvements and costs future maintenance
Getting to TRID
TRID Planning Study Requirements
5. Transportation Improvements roadway, signals, pedestrian, bike transit service and facilities infrastructure improvements and costs future maintenance
6. Financial Plan proposed funding sources amortization schedule future maintenance requirements
7. Agreements partnership management entity development
8. Training
TRID PROCESS Program Management
Step 1 – Management Entity is formed to implement TRID
Step 2 – Municipality, transit agency and stakeholders review financial plan and public sector infrastructure improvements, including costs, phasing and maintenance
Step 3 – Municipality and transit agency coordinate with school district and county on Value Capture shares, schedule, TRID Financial Plan and other programs
Step 4 – Municipality/Transit Agency Agreement executed on roles, responsibilities, financial commitments, management entity and defined improvements
TRID PROCESS Implementation
Step 1 – Management Entity solicits Developer interest
Step 2 – Development proposal accepted by Management Entity and municipality
Step 3 – Management Entity executes Development Agreement with successful Developer, including public sector improvements and private sector
financial or project commitments
Step 4 – Project construction and completion
Step 5 – TRID Management Entity administers Value Capture revenues and expenditures in accordance with approved Implementation Program
Step 6 – Amendments to Agreement or TRID Plan, as required
Getting to TRIDTRID Application Process
LUPTAP Program Guidelines Guidelines cover TRID Planning Studies; not implementation Program Objectives and Definitions mirror the ActEligible Applicants are local municipalities or counties, if designated by municipalityEligible Activities also mirror contents of TRID Planning Study defined in the ActKey Point: DCED Guidelines (p. 11) state that TRID Planning Study “…must identify the future development market, level of transit service and calculate the potential incremental tax revenue gains for the defined TRID…”
Getting to TRIDTRID Application Process
Grant Funding: $75,000 maximum grant; 25% local match required (either cash or combination of cash and in-kind services)
In-kind match requires prior discussion with DCED
TRID Planning Study shall receive priority consideration for planning and implementation grants and technical assistance from DCED and other State agencies (with applicable grant or loan programs) (See Sec. 304 (2) and (3) of the Act)
Getting to TRIDTRID Application Process
LUPTAP/Single Application Requirements(1) Work Program and Work Element Cost Summary
- Scope of Work and cost by task(2) Designation of Previous Planning Studies and Supplemental
Studies
- Meeting with DCED’s Center for Local Government Services staff to review existing study/plan and proposed updating/supplemental work- Describe how current study is consistent with TRID Act
(3) Local Government and County Consent
- Resolutions from local government(s) authorizing application filing and committing to local match- Letter of support for project from applicable MPO/RPO- Letters of support or resolution from school district and public transit agency (where applicable)
Getting to TRIDTRID Application Process
(4) General Consistency- county planning agency letter that proposed project is consistent with county/municipal comprehensive plans and zoning ordinances
- work program should discuss project consistency with other applicable Commonwealth laws
(5) Participatory Planning- strategy for public participation, including required public meetings in Sec. 901 of the Act
Getting to TRIDTRID Application Process
(6) Other Partnerships- how partnerships with various governments and agencies will be created, particularly for value capture approach
(7) Education and Technical Assistance- training and education component (maximum of $1,200 can be budgeted)- Meeting with DCED’s Center for Local Government Services staff to discuss types of training (such as TOD, overlay zoning, value capture)
Getting to TRIDTRID Application Process
Application Evaluation Criteria and Review Procedure
Project ImpactPart of overall community and economic development plan for the community
Time Frame and Cost of ProjectLocation and Timing of ProjectTODs for existing stations/stops are higher priority than TODs proposed at programmed or planned stations/stops
PartnershipsMulti-municipal approaches are encouraged and forming public/private partnerships
Past PerformanceDCED will review past grant performance, if applicable
