Great Expectations for Large-Scale TOD
Rail-Volution
September 22, 2014
Jim Kennedy
Contra Costa County, California
Contra Costa Centre Transit Village
Contra Costa Centre Development Summary (9/14)1
Status Commercial2 (sf) Housing3 (du) Hotel (rooms)
Completed 2,440,487 2700 423
Under Construction -0- -0- -0-
Future Projects 310,000 100 -0-
Total 2,750,587 2800423
1. Includes specific plan area and immediate vicinity2. Includes office and retail square footage3. Residential dwelling units
Planning Landmarks
•1983/84 – County adopts Specific Plan and RDA Plan
•1989 – Specific & RDA Plans amended for Area 3•1999 – Major Specific Plan Amendments•2001 – BART Property Charrette
1.0 Economic Cycles/Events
1.1 Coggins Square/Iron Horse Lofts – FIRREA (Financial Institutions Reform, Recovery & Enforcement Act)
• Over 50% of development sites change ownership prior to development
• Successful local developers >>> national/international
1.2 Changing Partnerships with a Changing Economy
Ownership Changes – Area 7B/8
2.0 Political Factors
2.1 Political Factors in Land Use
Contra Costa Centre is an unincorporated area at the confluence of 3 cities
Contra Costa Centre is an infill setting surrounded by existing neighborhoods
Regional accessibility to BART patrons is unequaled Fiscal issues
Competition with adjacent cities Regional retail Return on investment – BART & Contra Costa County
BART Joint Development Site
Take Two – Citizens Create A Transit Village
• Development conceived during 2001 Charrette• Highly participatory public planning process
• Over 500 participants• 80 hours of “open door” time in six days
• Residential mixed use program• Rezoning – 2002• Final Development Plan - 2005
Charrette Action
• Strong public realm• Strong connection to regional trail• Mixed use• Office on the north• BART parking
provided for
Citizen Plan Determines Final Site Plan
Avalon Walnut CreekDevelopment Description
• 522 Residential units• 422 rental• 100 for-sale townhomes
• 290,000 sf of office• 35,550 sf of retail• 20,000 sf business conference center• Parking for all uses in on-site structures
2.2 Park Regency Apartments
• Privately owned• Properties added to Plan Area• Plan of finance
• Tax Exempt Bonds• RDA Assistance
• Mixed Income – 80/20• Completed - 1992
2.3 Roadway corridor evolves to a Linear Green
3.0 Institutional Change - Wally nails it
3.1 Avalon Walnut Creek Business Partnership
Public Financial Goals
• Create a long term revenue stream via ground lease structure
• Acknowledge the major front end RDA expenditure - $59.9 milliono BART Replacement parkingo Placemaking elementso Backbone infrastructure
• Reflect RDA Affordable Housing Assistance• Provide BART with value capture in the near
term
Joint Powers Agency (JPA) Structure
The Money99-year Revenue Projections - Cumulative
$0
$100
$200
$300
$400
$500
$600
$700
2006 2011 2016 2021 2026 2031 2036 2041 2046 2051 2056 2061 2066 2071 2076 2081 2086 2091 2096 2101
Millions
$696 Million
AVALON WALNUT CREEK
3.2 PUBLIC / PRIVATE PARTNERSHIPS
• Affordable Housing
• Child Care
• Transportation Demand Management
(TDM)
• Resident Deputy
• Landscape Maintenance
3.2-1 Affordable Housing Production
• RDA land subsidy • CC Centre Assoc. subsidy• County Tax Exempt Bond Financing• CCCA Child Care Affordability Fund
3.2-2 Child Care – Step Ahead Center
3.3-3 Transportation Demand Management
• Operated by Contra Costa Centre Association
• County service area formed - $275,000/year
• TDM Performance:o Residential = 50% use BARTo Employees = +30% TDM
Pedestrian and Bicycle Overcrossing – RDA, Local & Federal Transportation Funds
3.3-4 Resident Deputy
• Funded by Contra Costa Centre Association
• $250,000 annual payment to County Sheriff
• Walden Green• Fox Creek Park• Roadway landscaped medians
3.3-5 Park Maintenance Privatized
Thank you for your time
