Archive for March, 2013

Multifamily Development In Denver CO Receives Backing From Urban Land Conservancy And U.S Department Of Housing And

The Urban Land Conservancy, in partnership with the Piton Foundation and Gary Community Investment Co., City of Denver and U.S. Department of Housing and Urban Development recently purchased the largest land purchase in ULC history. The purchase of 9.4 acres at about $6 million will be used to develop 156 permanently affordable apartments and additional assets to benefit the community.

This is ULC’s largest acquisition using Denver’s $15-million Transit-Oriented Development Fund, the country’s first fund created specifically to preserve and develop affordable housing near public transit, according to a ULC statement.

The property, called Park Hill Village West, is located in an area of northeast Denver where many families lack access to affordable housing, high-performing schools and quality healthcare. Connecting affordable multifamily housing to public transit is a necessity for PHVW and the property is located at the 40th/Colorado station on the East rail line of FasTracks. The commuter rail travels through an area of Denver that Piton has targeted because the neighborhoods are home to nearly 35,000 children living in poverty.

RWA understands the importance of transit-oriented development. Visit the RWA Transportation Consulting page to learn more and continue the conversation. 

Denver skylineimage credit: MomentsForZen on flickr

Cumberland County Future Transportation Projects Centered Around Economic Development

Cumberland County’s new transportation plan, which was approved this month, will have an economic focus on the direction of future transit policies. The hope is is to improve the connection between the county and the larger markets of South Jersey.

 It sets the direction in terms of future policies. It looks at transportation as the primary economic driver for Cumberland County. – Planning Board Director, Bob Brewer

The plan noted that economic development is ultimately dependent on transportation access, with roads serving as the main conduits for commerce and commuting in the county. In one possibility of changes to come, Brewer said the plan will set a future outline for improving express bus lines between Bridgeton and Atlantic City.

RWA understands the importance of economic development and its partnership with transportation development. Light rail development has been integral in economic development in major cities across the US. According to APTA, the rule for economic development around light rail development is 7 to 1. That means for every dollar spent in light rail, seven will be invested in economic development around the light rail.

Talk with RWA today and let us help you plan your communities transportation future. Economic development is important in every community and RWA knows how to help develop the right plan.

The Tide Light Rail Economic Developmentimage credit: tracktwentynine on flickr

Featured Photo: RWA President W. Randy Wright & Nigeria Ambassador to the USA H.E. Prof. Ade Adefuye

RWA President W. Randy Wright, Nigeria Ambassador to the USA H.E. Prof. Ade Adefuye

RWA President W. Randy Wright & Nigeria Ambassador to the USA H.E. Prof. Ade Adefuye at The Africa – America International Business Forum at the Hyatt Regency Hotel in Atlanta, GA. Mr. Wright spoke to conference attendees on Economic Growth Potentials in Light Rail.

Highway Trust Fund and Federal Transit Administration Could See Potential Budget Cuts From Sequestration

With sequestration cuts slow to come about, many are speculating where and how budget cuts may be made. Transportation is one of the main areas where cuts are expected to be made.

Currently, the Highway Trust Fund (HTF), including the Mass Transit Account (MTA), are exempt from cuts under sequestration, so formula funding to transit agencies should not be impacted.

Several programs that can be effected by sequestration cuts are the General Fund transfers to the Highway Trust Fund, as well as to programs funded from the General Fund, such as New Starts, Federal Transit Administration (FTA) operations, FTA Research, and even the recently enacted emergency relief funding for Hurricane Sandy recovery are subject to sequestration cuts.

Below is a table to reflect how the expected sequestration cuts will impact programs:

The table was provided by APTA (American Public Transportation Association). Figures are in millions.

How devastating would sequestration cuts be to our already struggling federal transportation budget? Let us know your thoughts and leave your comment below. 

Amtrak Trainimage credit: Gene Bowker on flickr

Charlotte Begins Streetcar Construction – 1.5 Mile Starter Line Near Time Warner Cable Arena

With construction beginning recently, Charlotte is excited to get its first stretch of streetcar rail underway. The 1.5 mile starter streetcar line will begin with construction crews will start road and curbside work along Trade Street nearest to Kings Drive, then move toward the Time Warner Cable Arena. The streetcar line will interface at TWC arena with the existing light rail line.

There have been some to question the impact that the streetcar line with have on light rail funding, but Charlotte was able to secure government funding to help build the line. In November 2012 the city awarded a $26.3 million contract to Atlanta-based Balfour Beatty Rail Inc. and Charlotte-based Blythe Development Co. for the streetcar line.

What do you think about Charlotte’s development of a streetcar line? Will this help or hinder light rail? Leave a comment below and let us know your thoughts.

Charlotte streetcar projectimage credit: OZinOH on flickr

Visit RWA

2200 Colonial Avenue
Suite 25
Norfolk, VA 23517
P: (757) 466-1476
F: (757) 466-1498

directions to Randy Wright & Associates

Latest from RWA