Professional Documents
Culture Documents
June 2018
Tonight’s Agenda
• Welcome
• Next Steps
2
Light Rail Project Update
3
Goals of FTA Grant
4
Outcomes of FTA Grant
5
Our Opportunity & Our Challenge
6
Connecting to Opportunity
7
Personal Mobility Supports Social Mobility
“In a large, continuing study of upward mobility based at Harvard, commuting
time has emerged as the single strongest factor in the odds of escaping poverty.
The longer an average commute in a given county, the worse the chances of
low-income families there moving up the ladder.” – “Transportation Emerges as
Crucial to Escaping Poverty,” New York Times, May 7, 2015
8
But Growth Strains Mobility
9
Cameron Blvd to
Manning Drive
using US 15 / US
501
at 5 pm
10
Manning Dr to Cameron Blvd using US 15/US 501
Average trip travel time and speed
25.0 40
20 20
18
16 17 30
15
Travel time
Speed
12.5 20
10
0.0 0
April 2012 April 2013 April 2014 April 2015 April 2016 April 2017
11
Transit That Sits in Traffic is
a Recipe for Reduced
Access to Jobs
The light rail and other major investments
in Wake, Durham and Orange counties
will create a network of transit services
that will not be influenced by congestion in
the way that buses in regular traffic are.
12
#ConnectingToOpportunity
14
Light Rail: Focused on Job Centers
UNC Hospital
Duke/VA Medical
Downtown Durham Center
15
Jobs a worker can
reach by transit
in 45 minutes:
66,000
East Lakewood at Memphis St.
16 2016 transit network
Jobs a worker can
reach by transit
in 45 minutes:
66,000
Jobs a worker can
reach by transit
in 45 minutes:
81,000
23%
Increase East Lakewood at Memphis St.
17 Future transit network with LRT
Jobs a worker can
reach by transit
in 45 minutes:
66,000
Jobs a worker can
reach by transit
in 45 minutes:
81,000
These numbers are
based on the jobs and
housing we have today.
If we plan well for station
23%
area development, even
more jobs will be
Increase
accessible in 45 minutes East Lakewood at Memphis St.
18 Future transit network with LRT
Video
19
Attributes of Successful TOD
1. Sustainable Density
(Accommodate Growth + Preserve Rural Land)
2. Mix of Uses
3. Compact pedestrian-oriented
4. Active defined center
5. Limited, managed parking
6. Public leadership
20
Key Findings
21
Economic Benefits
22
Economic Benefits
23
Economic Benefits
Total $1.4 billion
Financial estimates are reported as discounted present value based on an inflation‐adjusted discount rate of 2.5%
24
More revenues for:
o Dedicated Housing Fund
o Durham Belt Line
o Athletic facilities
25
Affordable Housing
#HousingForAll
• Gentrification/Displacement Concerns
2013: $168,000 2018: $258,000
26
Realizing Opportunities
#HousingForAll
• Partnerships
– Encourage meaningful private involvement
– New partners (e.g., Impact Investing)
27
Strategies
#HousingForAll
• Missing Middle
– Housing type diversity
– Incremental development (e.g., ADUs)
• Preservation
– e.g., converting market rate multifamily
28
Just Do It
#HousingForAll
29
Catalytic Infrastructure Needs
30
Gateway + Eastowne + Patterson Place
Middle-of-the-Line
31
Gateway + Patterson Place
• Maximize benefits
– Geography & Proximity
– Opportunity for active uses
• Economic Development
– Class “A” office / HQ
– Hospitality & Entertainment
– Retail & Residential
32
Gateway + Eastowne + Patterson Place
33
Connectivity
34
Gateway + Patterson Place
35
Public-Led District Parking
Near Term
36
Zoning
Town of Chapel Hill City/County of Durham
37
Competitive Advantages
• World – Class
Universities
• A Global Brand
• Middle of the Line
v
DISCUSSION