Fairfax County Tysons Transportation Funding Presentation 6-1-10

8/9/2019 Fairfax County Tysons Transportation Funding Presentation 6-1-10

1/34

Funding Tysons

TransportationImprovements

Board of Supervisors

Revitalization & Reinvestment CommitteeJune 1, 2010


2/34

BOS Revit Committee - 6/1/10

Capitalize on Metrorail investment to

Dulles of four Tysons stations

Regional growth management strategyto concentrate development in activitycenters

Vehicle trips generated byconcentrating development in Tysonswill be significantly less as comparedto locating the same uses in dispersedsuburban developments.

This is due to the high density mixeduse urban environment planned withinwalking distance of Metrorail stations.

Im

Benefits of Replanning


3/34


A livable urban center with:

100,000 residents; 200,000 jobs

More housing and less parking

Grid of complete streets

Built around transit and walking Parks, plazas, and open space

High level of environmentalstewardship

Urban standards for buildings,

services and infrastructure

Affordable/workforce housing targets

Arts, cultural, recreation opportunities

Benefits of Replanning


4/34



5/34


Assumptions/Discla

Evaluate transportation infrastructure required to su

development of 84 M square feet (2030 horizon yea

Future unentitled

land use assumed at 50% residen

residential

Revenue projections include 3% annual growth in ta

Cost estimates have been prepared by FCDOT usinguidelines which have been increased where approcost of right-of-way in Tysons, and the provision of c

All cost and revenue amounts are expressed as 201

Cost allocations between public and private sectorsstaff for the purpose of evaluating funding options


6/34


Estimated Transportation2030

1. 2030 Grid of Streets a. Construction of streets associated with redevelopment proposals(Does NOT include right-of-way cost,for which density credit can be given)

b.

Construction of streets

outside of redevelopment pro

(includes ROW)

2. Tysons-wide Road Improvements(Includes right-of-way and construction cost)3.

Transit Operational and Capital Cost

(Does NOT include Dulles Rail cost)

4. Neighborhood & Access Improvemen(preliminary estimate) Total:


7/34


Staff Proposed Public/PrivApportionment

Overall funding for transportation and tinvestment is a shared responsibility band private sectors.


8/34


Grid of Streets

Grid of streets is critical to achieveurban form androad network to support planned intensitiesCurrent road network withsuperblock structure needs to be tranurban street grid with a smaller block fo

Existing Str


9/34


10/34


Funding 2030 Street

030 grid is 60%

f 2050 grid

Cost: $444 M to

onstruct 2030 grid0% of 2030 grid to be rovided within projects.

Generally consists ofrontage and internaltreet improvements

Cost: $296 Mdoes NOT include ROW)

Street Network


11/34


20% of 2030 grid is

expected to occur outsideof redevelopment

Cost: $148 Mincludes ROW cost)

Recommend continuationof Tysons Road Clubcurrent rate: $3.87 per sqt non-residential; $859 peresidential unit).

f sole source of funds,potential Road Clubates would be:

$8.63 per non-res sq.ft. and $1,000 per residential unit.Based on 27 M sq.ft. of unentitled

new development, assumin

between residential and non-residential development

Funding 2030 StreetStreet Network


12/34


Road Club Rate

n comparison:

otential Tysons Rate

8.63 sq.ft. for non-res1,000 unit for res

Centreville Rate5.45 sq.ft. for non-res2,153 unit for res

airfax Center Area Rate5.07 sq.ft. for non-res1,124 unit for res

Street Network


13/34


Tysons-wide 2030 Road

14 Projects required to support2030 redevelopmentintensity levels

Projects needed to:Maintain access within areaExpand capacity of existing

links

Improve access points from DTR and I-495 and TysonsImprove traffic flow within area

Total Cost: $646 M

2030 Stree


14/34


Tysons-wide 2030 RoadPhase I (2010-2015)

Rt.7 Widening from Rt.123 to I-495

Boone Blvd Extension west from Rt.123 to Ashgrove

Lane

Phase II (2015-2020)

Greensboro Drive Extension west from Spring Hill Road to Rt.7

Dulles Toll Road Ramp to Boone Blvd Extension

Dulles Toll Road Ramp to Greensboro Drive Extension

Dulles Toll Road Westbound Collector Distributor

Dulles Toll Road Eastbound Collector Distributor

Phase III (2020-2025)

Rt.7 Widening between I-495 and I-66 (1.34 mile length, 0.18 miles in Tysons)

Rt.123 Widening from Old Courthouse Road to Rt.7

Rt.123 Widening from Rt.7 to I-495

Widen Magarity

Road from Lisle/Rt.7 to Great Falls Street

I-495 Overpass at Tysons Corner Center

Extension of Jones Branch Connection to inside I-495

Phase IV (2025-2030)

Widen Gallows Road from Rt.7 to Prosperity Ave (2.56 mile length, 0.84 miles inside Tysons)

Total for 2010 to 2030

*

* Project phasing could be adjusted based on cha


15/34


Funding Tysons-wide 203

Staff Recommends:

Tysons-wide project costs should be a sharebetween the public and private sectors.

The cost share should be allocated based upthrough and local traffic volumes.

Public responsibility: All of through traffic (35local traffic generated (32.5%)

Private responsibility:

of local traffic gener

Cost Split for Tysons-wide Projects:Private Sector 32.5% ($210 M)Public Sector 67.5% ($436 M)


16/34


Tysons-wide 2030 ProjFunding Options Elem

Each funding option was rated on 7 elementsissues related to each (see appendix for mor

Seven elements-Cost of Financing/Carrying Cost

-Length of Tim

-General Fund Impact

-Impact on R

-Ability to Meet Capital Requirements -Impact to G.-Level of Third Party Concurrence

Elements are ranked on color scale:Green = Low impact and/or Most Bene

Orange = Medium Impact and/or Of CoRed = High Impact and/or Most Diffi


17/34


18/34


General Revenue Fund (Pay-Go)Dedicate portion of general revenuecollected through property tax

Through 2030 $0.01 General Fund dedication $502

Tysons-wide 2030 ProjFunding Option Public


19/34


Meals Tax (Pay-Go)Establish a countywide 4% meals taxwith a portion dedicated for transportat

Through 2030 Annual contribution of$21.8 M could fully fund $4Meals Tax at 4% expected to generate

$80 M annually count

hich is sufficient to fund Tysons-wide improvements, as well ather Countywide transportation improvements



20/34


General Obligation Bond ProgramInclude all or a portion into CountysCIP and debt program

Through 2030 Final allocation to be considered in conother CIP priorities and review of debt c(Full cost of Tysons projects would require $21.8 M per year



21/34


State and Federal FundingThere is enormous uncertainty related to federal and stransportation

State transportation funds for construction

began bein

maintenance

in FY02. Due to this, and other factors,

without increases in state transportation revenue, the adequate transportation funds to fully match federal fu

Availability of Federal funding for new construction prextremely uncertain and will remain so until a new fedbill in enacted by Congress.

All state and federal funds are largely already commitprojects over the next 6 years (FY11

FY16) and not

projects



22/34


State and Federal FundingPortion of funding provided from stateor federal sources

Historically state and federal funding soCOUNTYWIDE capital transportation paveraged between $40 50 M annually



23/34


Commercial Transportation Tax (C&I FuDedicate portion of revenue collectedthrough C&I Fund. FY2009 rate at $0.(max rate permitted = $0.125)

Through 2030 24% of C & I dedication ($0.0267)

$138 M48% of C & I dedication ($0.0535)

$336 M(Tysons currently contributes 24% of total C&I revenue)



24/34


Special Tax or Service Districtad valoremspecial tax or specialassessment within defined geographic

Through 2030 $0.14 ad valorem tax rate $210 M

Tysons-wide 2030 ProjFunding Option Private


25/34


Community Development Authority (CDad valoremspecial tax or specialassessment within defined geographic

Requires petition by 51% of land owne

Through 2030 $0.07 ad valorem tax rate $86 M(linked to Dulles Rail maximum rate where CDA rate increrate is reduced with a combined maximum rate of $0.29



26/34


Development Contributions

Funds or in-kind constructioncommitments provided either from indiproposals or from private-private partn

Through 2030 Contribution levels are unknown at this



27/34


Tysons-wide 2030 ProjFunding Option Summ


28/34


Solution likely to blend variety of options

proposed to spread risk and phase funds

Total Need

Public-100% TIF

-Capped TIF at $0.01 G.F. Amount -General Fund / Pay-Go @ $0.01 Dedication -Meals Tax (4%) -G.O. Bonds ($21.8M per year)

-State/Federal funds-C&I Funds, $0.04 dedication

Private-Service District, $0.14 ad valoremrate

-CDA, $0.07 ad valoremrate tied to Rail -Developer Contributions

Tysons-wide 2030 ProjFunding Option Summ


29/34


Transit Costs Operating

Expanded transit service thatserves Tysons, over and aboveservice existing today; doesnot include costs for Silver Line

Operating Cost: $306 M$18M annual cost over 17yrsCapital Cost: $68 M$34 M for initial transit equipment purchase

$34 M for replacement of equipment

Staff Recommends:Total costs of$374 M (

$20 M annually); ass

public sector


30/34


Neighborhood & Access Imp

Additional transportation improvements shimprove existing transportation issues in adneighborhoods. Improvements also suppotransportation mode-shifts within Tysons a

Tysons Neighborhood Intersection ImprovBike Access Point ImprovementsTysons Metrorail Station Access Improvem

Staff Recommends:

Total costs assumed 100% by public sectoand extent of projects is yet to be finalizedto be at least $70 M


31/34

Fairfax County Long-Term Transportation Requirements (FY11-FY20) Board Revitaliza

3 Years 3 Years 4 Years 1

Activities FY 2011-2013 FY 2014 - 2016 FY 2017 - 2020Connector $277,400,000 $310,800,000 $472,600,000VRE $15,700,000 $17,700,000 $27,100,000WMATA Operating $252,200,000 $300,300,000 $491,300,000

WMATA Capital $165,200,000 $184,000,000 $250,800,000

Subtotal Existing Transit Services $710,500,000 $812,800,000 $1,241,800,000

Dulles Rail Operating (Fairfax County) $0 $5,700,000 $18,700,000

Dulles Rail Capital $608,000,000 $222,000,000 $0

Subtotal Dulles Rail $608,000,000 $227,700,000 $18,700,000

Transit Bonds $27,000,000 $24,400,000 $27,400,000Transportation Bonds $29,100,000 $14,800,000 $12,700,000Road Bonds $120,700,000 $98,500,000 $110,400,000Subtotal Debt Service $176,800,000 $137,700,000 $150,500,000

$1,495,300,000 $1,178,200,000 $1,411,000,000

Debt

Service

Total Existing & Committed Expenditures

C&I,GF,TMP,

andW

MATA

Exis

ting

Dulles

Rail

PhasesI

andII

Existing and Committed Expenditures


32/34



Activities FY 2011-2013 FY 2014 - 2016 FY 2017 - 2020Operating $0 $2,500,000 $11,100,000Capital $62,000,000 $50,000,000 $0Subtotal Columbia Pike Streetcar $62,000,000 $52,500,000 $11,100,000

(Includes HOT Lane Service, BRAC, & Phase II Dulles Service)Short-Term $228,600,000 $0 $0Mid-Term (+ Short-Term) $0 $342,000,000 $0Long-Term (+ Short & Mid-Term) $0 $0 $412,400,000Park & Rides (new construction) $43,800,000 $43,800,000 $58,400,000Subtotal TDP $272,400,000 $385,800,000 $470,800,000

$334,400,000 $438,300,000 $481,900,000

Activities FY 2011-2013 FY 2014 - 2016 FY 2017 - 2020

Roadway Maintenance $175,500,000 $175,500,000 $234,000,000

CIP/VDOT 6YP/CLRP/ C&I Projects $408,521,000 $321,021,000 $228,457,000

Specific Area Improvements- Tysons Roadway* $235,800,000 $235,800,000 $314,400,000- Springfield Roadway $36,810,000 $36,810,000 $49,080,000- Bailey's Roadway $4,500,000 $4,500,000 $6,000,000- Annandale Roadway $22,500,000 $22,500,000 $30,000,000- Reston Metrorail Access Group(RMAG) $33,606,000 $33,606,000 $44,808,000

-Tysons Metrorail Station Access

Management Study (TMSAMS) - Includes

neighborhood intersection & bicycle entry

access improvements * $21,000,000 $21,000,000 $28,000,000

Comprehensive Plan Improvements(includes approximately 10 road widenings,

5 interchanges & 5 non-widening

improvements) $325,740,000 $325,740,000 $434,320,000

BRAC-Related Projects $997,000,000 $0 $0

$2,260,977,000 $1,176,477,000 $1,369,065,000

Total Planned Transit Expenditures

TDP

Columbia

Pike

Streetcar

Planned Expenditures

Progra

mmed

Projects

OtherNon-Transit&

Roadway

* 20 Year total for Tysons Transportation Improvements is $1,534. This includes transit costs of $374M, roadway improvements of $1,090M, and TMS

improvements of $70M. $786M is the projected need for the first 10 years of roadway improvement funding. The TMSAMS number and extent of proje

finalized, but costs are expected to be at least $70M.

Total Non-Transit & Roadway Expenditures


33/34



Activities FY 2011-2013 FY 2014 - 2016 FY 2017 - 2020$1,495,300,000 $1,178,200,000 $1,411,000,000

$334,400,000 $438,300,000 $481,900,000

$2,260,977,000 $1,176,477,000 $1,369,065,000

$4,090,677,000 $2,792,977,000 $3,261,965,000 $1


Sources FY 2011-2013 FY 2014 - 2016 FY 2017 - 2020State $239,050,000 $212,450,000 $242,000,000Federal $48,888,300 $79,750,000 $93,250,000State and Federal from VDOT $560,071,000 $504,771,000 $473,457,000Regional $66,600,000 $66,600,000 $88,800,000Local $933,800,996 $583,400,996 $590,116,508

$1,848,410,296 $1,446,971,996 $1,487,623,508 $

-$2,242,266,704 -$1,346,005,004 -$1,774,341,492 -$

Total Non-Transit & Roadway Exependitures

Total Existing & Committed Expenditures

Total Planned Transit Expenditures

Expenditures vs. Revenues Difference

Grand Total Expenditures

Revenues

Grand Total Revenues

Total of All Revenues

Total of All Expenditures


34/34

This Potential Transportation Funding Options (June 1, 2010)

Tax or Fee Assumed Rate10-Year Estimated

Incremental Amount(FY11 through FY20)

Meals Tax Countywide 4% $800 MGeneral Fund $0.04/$100 of assessed value on

General Fund $1,004 MCountywide Commercial andIndustrial (C&I) Revenue forTransportation: Increase Rateto Current State Cap

Increase by $0.015/$100 ofassessed value on C&I realproperty (increase from currentrate of $0.11/$100 to currentstate cap of $0.125)

$55 M (increment abovecurrent rate of $0.11/$100

only)

Countywide Commercial andIndustrial (C&I) Revenue forTransportation: Increase Rateto State Cap as of June 30,2013

Increase rate from current statecap of $0.125/$100 of assessedvalue on C&I real property torevised cap of $0.25/$100 as ofJune 30, 2013

$190 M(FY14 through FY20 only;

increment for increasefrom $0.125 /$100 to

$0.25/$100 only)7 NOVA Regional Taxes andFees for Transportation(Repealed after VA SupremeCourt ruling in February 2008that it is unconstitutional forNVTA to impose these taxesand fees)

Congestion Relief Fee(Grantors Tax) of $0.40/$100

Additional Annual $10 VehicleRegistration Fee

One Time Initial NOVARegistration Fee (1% ofvehicle value)

2% Rental Car Fee 2% Transient Occupancy Tax Additional $10 Safety

Inspection Fee 5% Sales and Use Tax on

Motor Vehicle Repairs

$1,500 M(Fairfax County estimated

share only)

Transit Fare Recovery

Assuming 20% recovery ofoperating costs of added transitservice

$142 M

Tysons Private Sector Share 45% private sector shareassumed by staff in Tysonspresentation

$327 M

Tysons TIF Range: Capped TIF at $0.01 ofGeneral Fund tax rate value to100% TIF at $1.09/$100 of valuerate and 3% annual growth

$125 - $219 M

General Obligation Bonds(increment above current CIP

estimates for transportation)Assuming General Fund supportfor an additional $22 M (on

average) annually

$220 M

Federal Reauthorization andEarmarks (increment abovecurrent CLRP estimates)

Unknown Unknown

State Funds (increment abovecurrent CLRP estimates) Unknown UnknownOther Private SectorContributions Unknown Unknown

Documents

Fairfax County Tysons Transportation Funding Presentation 6-1-10