Seattle and Streetcars– An Update

Cliff HenkeSr. Analyst, BRT and Small Starts

PB TR&S, Inc.

Denver Streetcar Workshop – September 27, 2007

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Topics Today

Brief Background Status

2007 opening 2008 referendum

Keys to success

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Challenging topography and street grid

South Lake South Lake Union Union neighborhoodneighborhood

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A City Surrounded by Water and Hills

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The right time, the right place

Two of fastest growing neighborhoods in Seattle Expect 25,000 new jobs and 11,000 new households by 2024

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Increasing mobility in the Center City

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Seattle Streetcar by the numbers

2.6 miles 11 stops 3 streetcars $51 million to construct 330,000 riders/year 3.3 million square feet of

office development 6,100 units of housing

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Turning Challenges into Opportunities

Climate of skepticism Leveraging private

partnerships Metro Transit Joint

Operations Agreement

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Local Improvement District

Seattle’s first LID in 15 yearsCovers half of capital cost–$25M

Only contested by 1.47% of

property owners

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Funding streetcar operations

King County MetroKing County Metro$13.9 M$13.9 M

SponsorshipsSponsorships$8.2 M$8.2 M

Other $2 MOther $2 M

FareboxFarebox$8.2 M$8.2 M

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Streetcar Timeline

June 2005June 2005

Funding plan approved

June 2007 June 2007 Joint operating

agreement approved

June 2006June 2006

Streetcar groundbreaking

October 2005October 2005

Local Improvement District implemented

December 2007December 2007Streetcar operating

January 2003January 2003

Streetcar Concept Announced

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Target Opening Day: December 2007!

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Increasing mobility in the Center City

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Opportunity:Streetcar extensions

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Keys to Success

Buy-in of all major stakeholders Public share of financial plan Fast implementation (less than

four years concept to revenue

opening) Local developer support Minimal disruption during

construction (Portland model) Flexibility during construction to

address field conditions

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First car delivered September 2007

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Thanks