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“Transportation Directions:
     Where Are We Heading?”


        White Flint Partnership
And The Sustainable Transportation Corridor
               A Case Study

                 Presented by
              Francine E. Waters
              October 26, 2011
22 Counties in the Washington
Metropolitan Area




                                2
State of Maryland




    Montgomery County 2010 Population: 971,777*
                                                  3
Montgomery County Population
  Distribution




The base is the 1960’s wedges & corridors master plan showing where we would focus growth. The dots rep 100 people as reflected in the 2010 census.
                                                                                                                                                      4
White Flint
Sector Plan
   Area:
 430 Acres




              5
White Flint Partnership
Members



                                        Saul Centers, Inc.
                                        Federal Realty
                                        Gables Residential
     Saul Centers,
        B.F. Saul
                                        The JBG Companies
         Inc.
                            Saul
                        Centers, Inc.   Lerner Enterprises
                     Lerner &
                      Tower
                                        The Tower Companies




                                                              6
White Flint Existing Conditions




Image From MNCPPC Planning Staff
Presentation

                                   7
Developing a new Road Network for
   cars, pedestrians and bicyclists
                                            Approved




           Existing road network   10 Additional Lanes East/West
Source: Glatting Jackson, etal
                                   6 Additional Lanes North/South
                                                                    8
DESIGN - Placemaking

Establish a connection between land use,
motorists, transit and bicycles




                                           9
Rockville Pike – 21st Century Boulevard


                                    A 21st Century
                                    Boulevard with street
                                    front retail, dedicated
                                    bike lanes and center
                                    lane dedicated rapid
                                    transit.




                                                         10
Transit Oriented Development
Bicycles & Pedestrians


   a.   Dedicated Bike Lanes
   b.   Bike Racks
   c.   Bike Valet
   d.   Bike Sharing Program




                               11
Transit Oriented Development
BUS RAPID TRANSIT (BRT)




                               12
Rapid Transit Improvements on a
 Sustainable Corridor – Rockville Pike




The entire White Flint community
of 430 acres will be within a 10
minute walk of BRT.
Support Existing Infrastructure:
The White Flint Metrorail Station
                                         13
White Flint Partnership
Website




                          14
Value Creation in White Flint

                                         35                                                                                $20

                                              Phase I                          Phase II                   Phase III        $18
                                         30
                                                                                                                           $16

                                         25                                                                                $14
                Square Feet (millions)




                                                                                                                                 Value (billions)
                                                                                                                           $12
                                         20
                                                                                                                           $10
                                         15
                                                                                                                           $8

                                         10                                                                                $6

                                                                                                                           $4
                                          5
                                                                                                                           $2

                                         -                                                                                 $-



                                                                       Year

                                                      Existing       New Development          Value


             $1.3 Billion Net New Property Tax Revenue Generated (PV)
                                                                    39,000 New Jobs
Note: Value assumes market rate per square foot of: existing retail $220, residential $375, office $440, hotel $450, retail $550. Assumes 3% annual growth rate.
                                                                                                                                                             15
District Infrastructure Costs

  #                             Improvement                                           Estimate                   Complete

   1                    Rockville Pike (Md 355) - Phase 1                            $5,000,000                     2013

   2                  Reopening of Old Old Georgetown Rd                             $34,907,000                    2013


   2                Market St & realignment of Executive Blvd                        $24,817,000                    2014


   3                        Executive Blvd Ext (east)                                $16,700,000                    2016


   3                               Nebel Street                                      $8,200,000                     2020


   4                        Bridge over Metro station                                $7,500,000                     2020


   5                     Nicholson Lane1 (streetscape)           Ph                  $12,942,000                    2024
                                                                 III
   1                   Rockville Pike (Md 355) - Phase 3                             $59,261,000                    2026


                                        Total                                       $169,327,000                    2026


 1 40% of estimated costs as an allowance to cover 40% of streetscape improvements (assumes remaining 60% covered by private
 sector)
 2 Assumes utilities are publicly constructed. If privately constructed, utility work will cost approximately 33% more



                                                                                                                               16
$601 million Total Infrastructure Cost in White
Flint…



                  County
                  $152

                                 Developer
                                 $280
                   District
                   $169




               Developer      District   County


        …75% Funded by the Private Sector
                                                  17
White Flint Development
District Tax
• The White Flint Development District Tax Generates $154
  million (present value) and/or $169 million (in future
  dollars). It is an ad valorem property tax to fund specific
  transportation infrastructure within White Flint billed at a rate of
  10 cents per $100 of assessed value which began in July 2011.

                        Cumulative Cash Flow
                 $155
                 $140

                 $120

                 $100
      millions




                  $80

                  $60

                  $40

                  $20

                  $-




                                 Special Tax

                                                                         18
White Flint Science Triangle

  Science & Health Triangle




                               19
Science & Health Triangle




               National Cancer Institute




                        Health and Human Services

                           Nuclear Regulatory Commission

       WHITE FLINT                             Food and Drug Administration



                                   Bethesda Naval & National Institutes of Health




                                                                                    20
Rockville Pike – 21st Century Boulevard

Tree lined boulevard with wide sidewalks and permeable surfaces




                                                                  21
Thank You!


      White Flint Partnership
            Francine E. Waters
           fwaters@lerner.com
         www..whiteflintpartnership.com




                                          2222

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Transportation Directions: Where Are We Heading? (Francine Waters) - ULI Fall Meeting 102611

  • 1. “Transportation Directions: Where Are We Heading?” White Flint Partnership And The Sustainable Transportation Corridor A Case Study Presented by Francine E. Waters October 26, 2011
  • 2. 22 Counties in the Washington Metropolitan Area 2
  • 3. State of Maryland Montgomery County 2010 Population: 971,777* 3
  • 4. Montgomery County Population Distribution The base is the 1960’s wedges & corridors master plan showing where we would focus growth. The dots rep 100 people as reflected in the 2010 census. 4
  • 5. White Flint Sector Plan Area: 430 Acres 5
  • 6. White Flint Partnership Members Saul Centers, Inc. Federal Realty Gables Residential Saul Centers, B.F. Saul The JBG Companies Inc. Saul Centers, Inc. Lerner Enterprises Lerner & Tower The Tower Companies 6
  • 7. White Flint Existing Conditions Image From MNCPPC Planning Staff Presentation 7
  • 8. Developing a new Road Network for cars, pedestrians and bicyclists Approved Existing road network 10 Additional Lanes East/West Source: Glatting Jackson, etal 6 Additional Lanes North/South 8
  • 9. DESIGN - Placemaking Establish a connection between land use, motorists, transit and bicycles 9
  • 10. Rockville Pike – 21st Century Boulevard A 21st Century Boulevard with street front retail, dedicated bike lanes and center lane dedicated rapid transit. 10
  • 11. Transit Oriented Development Bicycles & Pedestrians a. Dedicated Bike Lanes b. Bike Racks c. Bike Valet d. Bike Sharing Program 11
  • 12. Transit Oriented Development BUS RAPID TRANSIT (BRT) 12
  • 13. Rapid Transit Improvements on a Sustainable Corridor – Rockville Pike The entire White Flint community of 430 acres will be within a 10 minute walk of BRT. Support Existing Infrastructure: The White Flint Metrorail Station 13
  • 15. Value Creation in White Flint 35 $20 Phase I Phase II Phase III $18 30 $16 25 $14 Square Feet (millions) Value (billions) $12 20 $10 15 $8 10 $6 $4 5 $2 - $- Year Existing New Development Value $1.3 Billion Net New Property Tax Revenue Generated (PV) 39,000 New Jobs Note: Value assumes market rate per square foot of: existing retail $220, residential $375, office $440, hotel $450, retail $550. Assumes 3% annual growth rate. 15
  • 16. District Infrastructure Costs # Improvement Estimate Complete 1 Rockville Pike (Md 355) - Phase 1 $5,000,000 2013 2 Reopening of Old Old Georgetown Rd $34,907,000 2013 2 Market St & realignment of Executive Blvd $24,817,000 2014 3 Executive Blvd Ext (east) $16,700,000 2016 3 Nebel Street $8,200,000 2020 4 Bridge over Metro station $7,500,000 2020 5 Nicholson Lane1 (streetscape) Ph $12,942,000 2024 III 1 Rockville Pike (Md 355) - Phase 3 $59,261,000 2026 Total $169,327,000 2026 1 40% of estimated costs as an allowance to cover 40% of streetscape improvements (assumes remaining 60% covered by private sector) 2 Assumes utilities are publicly constructed. If privately constructed, utility work will cost approximately 33% more 16
  • 17. $601 million Total Infrastructure Cost in White Flint… County $152 Developer $280 District $169 Developer District County …75% Funded by the Private Sector 17
  • 18. White Flint Development District Tax • The White Flint Development District Tax Generates $154 million (present value) and/or $169 million (in future dollars). It is an ad valorem property tax to fund specific transportation infrastructure within White Flint billed at a rate of 10 cents per $100 of assessed value which began in July 2011. Cumulative Cash Flow $155 $140 $120 $100 millions $80 $60 $40 $20 $- Special Tax 18
  • 19. White Flint Science Triangle Science & Health Triangle 19
  • 20. Science & Health Triangle National Cancer Institute Health and Human Services Nuclear Regulatory Commission WHITE FLINT Food and Drug Administration Bethesda Naval & National Institutes of Health 20
  • 21. Rockville Pike – 21st Century Boulevard Tree lined boulevard with wide sidewalks and permeable surfaces 21
  • 22. Thank You! White Flint Partnership Francine E. Waters fwaters@lerner.com www..whiteflintpartnership.com 2222