Small Business Initiative - Arlingtonva
County Manager’s Report May 13, 2014
Presentation Agenda 1. Proposed CIP 2. Streetcar Update 3. Public Land for Public Good
2
FY 2015 – 2024 Proposed Capital Improvement Plan
3
Proposed CIP – Investing in Arlington’s Future • Builds off extensive investments & successes of last 10 years • Investments in: – – – – – – –
Livable & safe neighborhoods Quality of life Effective service delivery Helping those in need Core infrastructure Economic competitiveness Quality public education
• Achieved through balance of maintaining what we have & new investments in our future • Financially responsible & sustainable
4
County Facilities Crystal City & Columbia Pike Initiatives
Metro (WMATA)
Parks & Recreation
County Capital Needs $2.7 Billion FY 2015-2024 10-Year Plan
Technology
Maintenance Capital
Transportation & Roads Stormwater & Utilities
APS Needs
Program Categories FY 15 - FY 24 Transportation
858,183
Crystal City Streetcar
227,389
Columbia Pike Streetcar
286,703
Metro
225,650
Parks and Recreation
182,312
Public/Government Facilities
244,048
Information Technology & Public Safety
146,665
Regional Partnerships & Contingencies
45,942
Community Conservation & Economic Development
97,148
Subtotal County Capital Water and Sewer Infrastructure Stormwater Management Total County Capital
2,314,040
Parks and Recreation 7%
Columbia Pike Streetcar 11% Crystal City Streetcar 8%
Metro 8%
Public/Government Facilities 9% Information Technology & Public Safety 5% Regional Partnerships & Contingencies 2%
Transportation 32% Community Conservation & Economic Development 4%
Stormwater Management 2%
Water and Sewer Infrastructure 12%
317,734 61,280
Does not reflect Schools’ Proposed CIP
2,693,054
6
Funding Categories FY15-24
New Funding 420,321 State/Federal Funding Developer Contributions 95,502 General Fund GO Bond 588,460 Utilities GO Bond 14,000 PAYG 472,574 Master Lease 76,938 Sanitary District Tax 42,440 Other Funding 104,346 Transportation Capital Fund (TCF)-C&I 177,618 TCF - HB2313 Local 127,560 TCF - HB2313 Regional 104,639 TCF Bonds 114,123 Tax Increment Financing (TIF) 29,282 TIF Bonds 22,616 Subtotal New Funding 2,390,419 Previously Approved Funding 29,664 Authorized but Unissued Bonds Issued but Unspent Bonds 21,934 Other Previously Approved Funds 251,037 Subtotal Previously Approved Funding 302,635 Total Funding Sources 2,693,054
Utilities GO Bond 1%
PAYG 18%
Master Lease 3% Sanitary District Tax 2%
Other Funding 4% Transportation Capital Fund (TCF)-C&I 7%
TCF - HB2313 Local 5% TCF - HB2313 Regional 4% TCF Bonds
General Fund GO Bond 22%
4%
Developer Contributions 4%
State/Federal Funding 16%
Other Previously Approved Funds 9%
Tax Increment Financing (TIF) TIF Bonds 1% 1% Issued but Unspent Bonds 1%
Authorized but Unissued Bonds 1%
7
Investments in Livable & Safe Neighborhoods – 10 Years of Progress
Fire Stations 3 (2011)
Police & Sheriff Mobile Data Computers (2012, 2013)
Fire Apparatus Replacements (5 in 10 years) & Computer Aided Dispatch work stations (2012)
Computer Aided Dispatch work stations (2012)
8
Investments in Livable & Safe Neighborhoods Proposed New Investments New Fire Station 8 • Planning begins in next 2 years • $25.1 M in FY17-19 • Based on response time/coverage study Public Safety Technology - $69.0 M over 10 years • Radios - $13.2 M • Fire Station Alerting System $3.2 M 9
Investments in Livable & Safe Neighborhoods Proposed New Investments Neighborhood Conservation - $93.5 M
Before
After
N. Piedmont Street – 5th St N. to 6th St North
10
Investments in Livable & Safe Neighborhoods Proposed New Investments Complete Streets
Transit
Maintenance Capital
$402.7 M
$813.6 M
Columbia Pike
Jefferson Davis
RosslynBallston
County Wide
$133.1 M
FY2015-2024 CIP Program
11
Investments in Livable & Safe Neighborhoods Proposed New Investments
Paving Program - $128 M
WalkArlington - $12.8 M
Neighborhood Complete Streets - $9.7 M
BikeArlington - $14.2 M Safe Routes to School - $1.1 M
12
Investments in Natural Resources & Quality of Life – Ten Years of Progress
Barcroft Baseball Stadium/GWU (March 2013)
Virginia Highlands Sprayground (June 2013)
13 Glebe and Randolph Park (September 2013)
Rocky Run Park (Spring 2014)
Investments in Natural Resources & Quality of Life – Ten Years of Progress Key Maintenance Capital Accomplishments of FY13-14 Program • • • • • • •
Powhatan Springs Grass Turf (August 2013) Clarendon Central Plaza – West End (November 2013) Barcroft Synthetic Turf (January 2014) Towers Tennis and Basketball Courts (Opening June 2014) Fort Barnard Playground (Opening June 2014) Quincy Softball Field Upgrades (Under Construction) Chestnut Hills Tot Lot (Under Construction)
14
Investments in Natural Resources & Quality of Life – Proposed New Investments $182 M over 10 years Parks Land Acquisition - $11.5 M
Maintenance Capital - $88.1 M
Synthetic Turf - $28.8 M
Park Master Plans - $52.3 M
15
Investments in Natural Resources & Quality of Life – Proposed New Investments Parks Maintenance Capital - $88.1 M over 10 years for “catch up” and “keep up” • • •
Trail Modernization - $1.7 M in FY15-17 Park Maintenance Capital Asset Database Update - $0.7 M in FY15-16 14 Park Projects in FY15-17, incl: • Benjamin Banneker - $2.5 M in FY15 • Stratford Park - $1.6 M in FY15 • Bon Air - $2.8 M in FY16
16 FY2015-2024 CIP Program
Investments in Natural Resources & Quality of Life Proposed New Investments - Parks Master Plans $52.6 M over 10 years
Crystal City Parks & Open Space •$2.3 M in FY16-17 •$2.5 M in FY21-22
Jennie Dean Park •$14.3 M in FY 18-20
17
Investments in Natural Resources & Quality of Life Proposed New Investments - Parks Master Plans
Four Mile Run Near Stream Improvements •$2.4 M in FY16 and FY18
Mosaic Park •Phase 1: $6.6 M in FY15-16 in developer contributions •Phase 2: $4.1 M in FY19 & 21 18
Investments in Natural Resources & Quality of Life Proposed New Investments Lubber Run Community Center •Replacement of existing Center (oldest in County) •Full complement of recreational, social, and learning activities •Community will take part in robust engagement process •Funding schedule: •$1.4 M for planning in next two years •$26.6 M in FY17-18 for construction
19
Investments to Serve Those In Need Ten Years of Progress
Homeless Services Center
Mary Marshall Assisted Living Center
Investments to Serve Those In Need Proposed New Investments DHS Consolidation, $11.6 M
Sullivan House- $0.45 M Replace roof, FFE, and flooring.
Residential Program Center - $1.6 M HVAC, FFE, building automation
Focus on Public Land for Public Good 21
Investments in Service Delivery Ten Years of Progress
County Enterprise Resource Management System
Parks Operations Building
Fire Training Academy Additions
Investments in Service Delivery Ten Years of Progress Carlin Hall Before & After
• Carlin Hall- Structural repairs, $0.9 M • Central Library- Parking deck, $0.3 M • Justice Center – Elevators, pavers - $0.8 M • ECC- Electrical power upgrades, $2.2 M • Fire Stations- Refreshment - $1.6 M
Justice Center Pavers 23
Investments in Service Delivery Proposed New Investments
TRADES CENTER PARKING STRUCTURE
$233 M over 10 years
SALT FACILITY & NORTH 26TH STREET 24
Investments in Service Delivery Proposed New Investments Facilities Maintenance Capital - $82.2 M over 10 years for “catch-up” and “keep-up” Investing in 18 facilities between FY15-16, including: • HVAC system replacement – 7 projects • Roof replacements – 3 projects • Install Building Automation Systems (BAS) – 4 projects • Interior refreshment (FFE) – 15 projects • Infrastructure repair – 10 projects
Lee Community Center, $2.1M FY16
Dawson Terrace Community Center, $0.389M FY16
Investments in Service Delivery Proposed New Investments Investments in Enterprise IT - $72.2 M over 10 years • IT infrastructure - $44.7 M – Incl. Wireless Sustainment and Expansion • System maintenance/improvements – $16.8 M – ACE/CAPP (Payment System)
• Security - $5.5 M
26
Investments in Arlington’s Core Infrastructure – 10 Years of Progress Water/Sewer Infrastructure: New/Replaced • • • • • • • • • • • • • •
Chain Bridge Water Mains - 2006 Gravity 3 Water Main - 2010 Commercial Automated Meters - 2009 Four Mile Run Relief Sewer - 2008 Potomac Interceptor Phase I - Ongoing Fairlington Sanitary Sewer - 2011 Minor Hill Special pump station and pressure zone - 2009 Riverwood sanitary sewer force main - 2012 Water Main replacement program – 2011, 2012 and 2013 Developer related water and sewer improvements – 2011, 2012 and 2013 John Marshall Drive at Lee Highway Sanitary Sewer 2013 AMR – 2013 Four Mile Run water main – 2012 Glebe Rd and Williamsburg Blvd water mains - 2013
Water/Sewer Infrastructure: Renovated • • • • • • • •
Lee Ground Storage Tank Rehab - 2005 Lee Water Pump Station Improvements – 2011 7 Miles/year Sanitary Sewer Rehab Four Mile Run Gravity Line from the Water Pollution Control Plant to South Lang Street-2011 Four Mile Run Gravity Line from Columbia Pike to Long Branch – 2011 Four Mile Run Gravity Line from the I-395 to South Lang Street-2013 Annual cleaning and cement lining of pre 1960 water mains – 2010 to 2013 Lee Pump Station - 2011
27
Investments in Arlington’s Core Infrastructure Proposed New Investments Water/Sewer Infrastructure (Utilities) – $317.7 M over 10 years Sanitary Sewer System - $26.5 M
Water Pollution Control Plant NonExpansion - $86.7 M
W/S Maintenance Capital - $170.0 M
Water Distribution - $34.7 M
28
Investments in Arlington’s Core Infrastructure Proposed New Investments Stormwater Management: •$61.3 M over 10 years
Environmental Quality – $31.1 M
Capital Maintenance - $5.8 M Storm Drainage Improvements - $24.5 M
Investments to Support Our Economic Competitiveness
WMATA - $226 M
Streetcars - $514 M
30
ART - $80 M
ConnectArlington / Intelligent Transportation Systems $ 22.1 M
31
Ensuring Financial Sustainability • Conservative assumptions: – 2-3% revenue growth over ten year planning period – 5% interest rate – 3% inflation assumption (4% streetcar)
• Complies with debt policies – Debt as % of total market value of real property no greater than 4% (proposed policy = 3%) – peaks at 1.5% in FY 17 – Debt per capita as % of per capita income no greater than 6% peaks at 5.2% in FY 17 – Growth in debt service should be no greater than ten year historical grow in revenues – average annual growth in debt service projected at 4.2% compared to ten year historical average of 5.2%
32
Debt Service as % of General Government Expenditures
33
Financial & Debt Policy Update - Policies last revised in 2008 - Recommendations developed based on advice of independent financial advisor & rating agency criteria
Reserve Policies • Makes economic stabilization contingent permanent • Confirm Operating Reserve threshhold at 5%
Debt Policies • Lower debt as % of market value ratio to 3% instead of 4% • More conservative variable rate debt policy
34
New TIF Policy • Combined assessed value of TIFs should not exceed 25% of total County assessed value • Percentage of incremental TIF revenue dedicated to TIF should be less than 40% • Other policies regarding reserves and leveraging
35
CIP Timeline May 13 – Proposed CIP to County Board May 20 – Joint Schools – County worksession May-June - Briefing of Commissions June 3 – General Government & Parks worksession June 10 - County CIP Public Hearing June 18 – Transportation worksession June 24 – Utilities, stormwater and technology July 17 – Wrap-up worksession July 19 - Adoption of CIP & November Bond Referenda
36
Streetcar Update
37
Streetcar – 8-mile Investment in our Future During the next 30 years… 65% of County’s population growth, 44% of employment growth will be in Columbia Pike and Route 1 corridors.
Quarter mile from all planned streetcar stations
2010
Population
39,400
81,500
Housing units
22,600
42,700
Employment
62,900
100,100
2040
38
Streetcar – Maximizing Capacity, Connectivity We will combine the flexibility of bus with the certainty and permanence of streetcar for maximum benefit. Buses to Pentagon, Downtown
Buses to Rosslyn, Courthouse, Ballston Buses to Culmore, Annandale
Pentagon City Crystal City
M Columbia Pike
M
VRE
Skyline
Potomac Yard
More people in fewer vehicles = Reduced congestion Streetcar vehicle can hold 100% more passengers than a bus, 40% more than an articulated bus
39
Streetcar System Projected Ridership 70000 60000
Average Weekday Boardings Through trips
50000
Crystal City local trips 40000 30000
Buses = 24,700
Columbia Pike local trips
20000
Crystal City
10000
Columbia Pike
0 2010 Actual
Streetcar = 37,100
Buses = 22,700
2035 Forecast
• Reflects population and employment forecasts based on updated County and regional plans • Shows the benefits of having a seamless streetcar system (“one seat ride”)
40
Corridor Transit – How Does It Compare?
Daily Weekday Ridership Columbia Pike – Crystal City: 2010 bus ridership
24,700
2035 rail and bus ridership
59,800
Metrobus 16th Street S-line
20,000
Portland Streetcar
18,000
Cleveland Health Line BRT
16,000-20,000
Norfolk, Va. Tide Light Rail
4,000
41
Streetcar = Economic Competitiveness From 2014 Columbia Pike Transit Comparative Return on Investment Study:
$3.2 billion to $4.4 billion in net, or new, real estate value for Arlington and Fairfax Counties over 30 years • Over and above project capital and operating costs • Benefits due to property value increases and greater extent and faster pace of growth
6,600 new jobs attracted to the corridor within 10 years of project construction • Based on new growth due to the transit infrastructure investment • More than 3x the amount supported by enhanced bus
42
Streetcar Investment = New Tax Revenues Annual New Arlington County Tax Revenues Over Baseline $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0
Streetcar total = $1,260 million
FY 2015: $0.01 on the tax rate = $6.6 million
Enhanced bus total = $385 million
Enhanced Bus
Streetcar
• Revenues are net -- over and above project costs. • Presented in 2014 dollars. 43
FY 2015-2024 Streetcar Capital Cost Columbia Pike streetcar
Crystal City streetcar
Arlington County
$287 million
$227 million
Fairfax County
$71 million*
--
Total
$358 million
$227 million
Start of service
Spring 2021
Spring 2020
* Proposed
Change in capital cost since 2013 CIP: + $109 million for Columbia Pike + $ 81 million for Crystal City Cost increase primarily due to 2013 FTA recommendations: • • • •
Rightsizing vehicles to meet County and regional growth plans Higher engineering and start-up costs Higher annual inflation rate assumption Larger project contingency
Both project schedules reflect more conservative timeframes for engineering, procurements and FTA approvals.
44
FY 2015-2024 Streetcar Funding ($ in millions) Crystal City = $227 million
Columbia Pike = $287 million
Previous, $5.9, 2%
Previous, $9.5, 3%
TCF, $18.3, 7%
TCF Bonds, $35.4, 12%
TIF, $15.3, 7%
TIF Bonds, $22.6, 10% State, $55.3, 24%
Federal, $140.5, 49%
HB 2313 30% Local, $12.3, 4% State, $70.7, 25%
TCF Bonds, $78.7, 35%
HB 2313 30% Local, $24.3, 11% TCF, $25.3, 11%
Regional funding source: • HB 2313 30% Local = Arlington’s portion of new Northern Virginia transportation funding Local funding sources: • TCF = Transportation Capital Fund, supported by commercial and industrial real estate tax • TIF = Crystal City, Potomac Yard, Pentagon City Tax Increment Financing Fund
45
Presentation Agenda 1. Proposed CIP 2. Streetcar Update 3. Public Land for Public Good
2
FY 2015 – 2024 Proposed Capital Improvement Plan
3
Proposed CIP – Investing in Arlington’s Future • Builds off extensive investments & successes of last 10 years • Investments in: – – – – – – –
Livable & safe neighborhoods Quality of life Effective service delivery Helping those in need Core infrastructure Economic competitiveness Quality public education
• Achieved through balance of maintaining what we have & new investments in our future • Financially responsible & sustainable
4
County Facilities Crystal City & Columbia Pike Initiatives
Metro (WMATA)
Parks & Recreation
County Capital Needs $2.7 Billion FY 2015-2024 10-Year Plan
Technology
Maintenance Capital
Transportation & Roads Stormwater & Utilities
APS Needs
Program Categories FY 15 - FY 24 Transportation
858,183
Crystal City Streetcar
227,389
Columbia Pike Streetcar
286,703
Metro
225,650
Parks and Recreation
182,312
Public/Government Facilities
244,048
Information Technology & Public Safety
146,665
Regional Partnerships & Contingencies
45,942
Community Conservation & Economic Development
97,148
Subtotal County Capital Water and Sewer Infrastructure Stormwater Management Total County Capital
2,314,040
Parks and Recreation 7%
Columbia Pike Streetcar 11% Crystal City Streetcar 8%
Metro 8%
Public/Government Facilities 9% Information Technology & Public Safety 5% Regional Partnerships & Contingencies 2%
Transportation 32% Community Conservation & Economic Development 4%
Stormwater Management 2%
Water and Sewer Infrastructure 12%
317,734 61,280
Does not reflect Schools’ Proposed CIP
2,693,054
6
Funding Categories FY15-24
New Funding 420,321 State/Federal Funding Developer Contributions 95,502 General Fund GO Bond 588,460 Utilities GO Bond 14,000 PAYG 472,574 Master Lease 76,938 Sanitary District Tax 42,440 Other Funding 104,346 Transportation Capital Fund (TCF)-C&I 177,618 TCF - HB2313 Local 127,560 TCF - HB2313 Regional 104,639 TCF Bonds 114,123 Tax Increment Financing (TIF) 29,282 TIF Bonds 22,616 Subtotal New Funding 2,390,419 Previously Approved Funding 29,664 Authorized but Unissued Bonds Issued but Unspent Bonds 21,934 Other Previously Approved Funds 251,037 Subtotal Previously Approved Funding 302,635 Total Funding Sources 2,693,054
Utilities GO Bond 1%
PAYG 18%
Master Lease 3% Sanitary District Tax 2%
Other Funding 4% Transportation Capital Fund (TCF)-C&I 7%
TCF - HB2313 Local 5% TCF - HB2313 Regional 4% TCF Bonds
General Fund GO Bond 22%
4%
Developer Contributions 4%
State/Federal Funding 16%
Other Previously Approved Funds 9%
Tax Increment Financing (TIF) TIF Bonds 1% 1% Issued but Unspent Bonds 1%
Authorized but Unissued Bonds 1%
7
Investments in Livable & Safe Neighborhoods – 10 Years of Progress
Fire Stations 3 (2011)
Police & Sheriff Mobile Data Computers (2012, 2013)
Fire Apparatus Replacements (5 in 10 years) & Computer Aided Dispatch work stations (2012)
Computer Aided Dispatch work stations (2012)
8
Investments in Livable & Safe Neighborhoods Proposed New Investments New Fire Station 8 • Planning begins in next 2 years • $25.1 M in FY17-19 • Based on response time/coverage study Public Safety Technology - $69.0 M over 10 years • Radios - $13.2 M • Fire Station Alerting System $3.2 M 9
Investments in Livable & Safe Neighborhoods Proposed New Investments Neighborhood Conservation - $93.5 M
Before
After
N. Piedmont Street – 5th St N. to 6th St North
10
Investments in Livable & Safe Neighborhoods Proposed New Investments Complete Streets
Transit
Maintenance Capital
$402.7 M
$813.6 M
Columbia Pike
Jefferson Davis
RosslynBallston
County Wide
$133.1 M
FY2015-2024 CIP Program
11
Investments in Livable & Safe Neighborhoods Proposed New Investments
Paving Program - $128 M
WalkArlington - $12.8 M
Neighborhood Complete Streets - $9.7 M
BikeArlington - $14.2 M Safe Routes to School - $1.1 M
12
Investments in Natural Resources & Quality of Life – Ten Years of Progress
Barcroft Baseball Stadium/GWU (March 2013)
Virginia Highlands Sprayground (June 2013)
13 Glebe and Randolph Park (September 2013)
Rocky Run Park (Spring 2014)
Investments in Natural Resources & Quality of Life – Ten Years of Progress Key Maintenance Capital Accomplishments of FY13-14 Program • • • • • • •
Powhatan Springs Grass Turf (August 2013) Clarendon Central Plaza – West End (November 2013) Barcroft Synthetic Turf (January 2014) Towers Tennis and Basketball Courts (Opening June 2014) Fort Barnard Playground (Opening June 2014) Quincy Softball Field Upgrades (Under Construction) Chestnut Hills Tot Lot (Under Construction)
14
Investments in Natural Resources & Quality of Life – Proposed New Investments $182 M over 10 years Parks Land Acquisition - $11.5 M
Maintenance Capital - $88.1 M
Synthetic Turf - $28.8 M
Park Master Plans - $52.3 M
15
Investments in Natural Resources & Quality of Life – Proposed New Investments Parks Maintenance Capital - $88.1 M over 10 years for “catch up” and “keep up” • • •
Trail Modernization - $1.7 M in FY15-17 Park Maintenance Capital Asset Database Update - $0.7 M in FY15-16 14 Park Projects in FY15-17, incl: • Benjamin Banneker - $2.5 M in FY15 • Stratford Park - $1.6 M in FY15 • Bon Air - $2.8 M in FY16
16 FY2015-2024 CIP Program
Investments in Natural Resources & Quality of Life Proposed New Investments - Parks Master Plans $52.6 M over 10 years
Crystal City Parks & Open Space •$2.3 M in FY16-17 •$2.5 M in FY21-22
Jennie Dean Park •$14.3 M in FY 18-20
17
Investments in Natural Resources & Quality of Life Proposed New Investments - Parks Master Plans
Four Mile Run Near Stream Improvements •$2.4 M in FY16 and FY18
Mosaic Park •Phase 1: $6.6 M in FY15-16 in developer contributions •Phase 2: $4.1 M in FY19 & 21 18
Investments in Natural Resources & Quality of Life Proposed New Investments Lubber Run Community Center •Replacement of existing Center (oldest in County) •Full complement of recreational, social, and learning activities •Community will take part in robust engagement process •Funding schedule: •$1.4 M for planning in next two years •$26.6 M in FY17-18 for construction
19
Investments to Serve Those In Need Ten Years of Progress
Homeless Services Center
Mary Marshall Assisted Living Center
Investments to Serve Those In Need Proposed New Investments DHS Consolidation, $11.6 M
Sullivan House- $0.45 M Replace roof, FFE, and flooring.
Residential Program Center - $1.6 M HVAC, FFE, building automation
Focus on Public Land for Public Good 21
Investments in Service Delivery Ten Years of Progress
County Enterprise Resource Management System
Parks Operations Building
Fire Training Academy Additions
Investments in Service Delivery Ten Years of Progress Carlin Hall Before & After
• Carlin Hall- Structural repairs, $0.9 M • Central Library- Parking deck, $0.3 M • Justice Center – Elevators, pavers - $0.8 M • ECC- Electrical power upgrades, $2.2 M • Fire Stations- Refreshment - $1.6 M
Justice Center Pavers 23
Investments in Service Delivery Proposed New Investments
TRADES CENTER PARKING STRUCTURE
$233 M over 10 years
SALT FACILITY & NORTH 26TH STREET 24
Investments in Service Delivery Proposed New Investments Facilities Maintenance Capital - $82.2 M over 10 years for “catch-up” and “keep-up” Investing in 18 facilities between FY15-16, including: • HVAC system replacement – 7 projects • Roof replacements – 3 projects • Install Building Automation Systems (BAS) – 4 projects • Interior refreshment (FFE) – 15 projects • Infrastructure repair – 10 projects
Lee Community Center, $2.1M FY16
Dawson Terrace Community Center, $0.389M FY16
Investments in Service Delivery Proposed New Investments Investments in Enterprise IT - $72.2 M over 10 years • IT infrastructure - $44.7 M – Incl. Wireless Sustainment and Expansion • System maintenance/improvements – $16.8 M – ACE/CAPP (Payment System)
• Security - $5.5 M
26
Investments in Arlington’s Core Infrastructure – 10 Years of Progress Water/Sewer Infrastructure: New/Replaced • • • • • • • • • • • • • •
Chain Bridge Water Mains - 2006 Gravity 3 Water Main - 2010 Commercial Automated Meters - 2009 Four Mile Run Relief Sewer - 2008 Potomac Interceptor Phase I - Ongoing Fairlington Sanitary Sewer - 2011 Minor Hill Special pump station and pressure zone - 2009 Riverwood sanitary sewer force main - 2012 Water Main replacement program – 2011, 2012 and 2013 Developer related water and sewer improvements – 2011, 2012 and 2013 John Marshall Drive at Lee Highway Sanitary Sewer 2013 AMR – 2013 Four Mile Run water main – 2012 Glebe Rd and Williamsburg Blvd water mains - 2013
Water/Sewer Infrastructure: Renovated • • • • • • • •
Lee Ground Storage Tank Rehab - 2005 Lee Water Pump Station Improvements – 2011 7 Miles/year Sanitary Sewer Rehab Four Mile Run Gravity Line from the Water Pollution Control Plant to South Lang Street-2011 Four Mile Run Gravity Line from Columbia Pike to Long Branch – 2011 Four Mile Run Gravity Line from the I-395 to South Lang Street-2013 Annual cleaning and cement lining of pre 1960 water mains – 2010 to 2013 Lee Pump Station - 2011
27
Investments in Arlington’s Core Infrastructure Proposed New Investments Water/Sewer Infrastructure (Utilities) – $317.7 M over 10 years Sanitary Sewer System - $26.5 M
Water Pollution Control Plant NonExpansion - $86.7 M
W/S Maintenance Capital - $170.0 M
Water Distribution - $34.7 M
28
Investments in Arlington’s Core Infrastructure Proposed New Investments Stormwater Management: •$61.3 M over 10 years
Environmental Quality – $31.1 M
Capital Maintenance - $5.8 M Storm Drainage Improvements - $24.5 M
Investments to Support Our Economic Competitiveness
WMATA - $226 M
Streetcars - $514 M
30
ART - $80 M
ConnectArlington / Intelligent Transportation Systems $ 22.1 M
31
Ensuring Financial Sustainability • Conservative assumptions: – 2-3% revenue growth over ten year planning period – 5% interest rate – 3% inflation assumption (4% streetcar)
• Complies with debt policies – Debt as % of total market value of real property no greater than 4% (proposed policy = 3%) – peaks at 1.5% in FY 17 – Debt per capita as % of per capita income no greater than 6% peaks at 5.2% in FY 17 – Growth in debt service should be no greater than ten year historical grow in revenues – average annual growth in debt service projected at 4.2% compared to ten year historical average of 5.2%
32
Debt Service as % of General Government Expenditures
33
Financial & Debt Policy Update - Policies last revised in 2008 - Recommendations developed based on advice of independent financial advisor & rating agency criteria
Reserve Policies • Makes economic stabilization contingent permanent • Confirm Operating Reserve threshhold at 5%
Debt Policies • Lower debt as % of market value ratio to 3% instead of 4% • More conservative variable rate debt policy
34
New TIF Policy • Combined assessed value of TIFs should not exceed 25% of total County assessed value • Percentage of incremental TIF revenue dedicated to TIF should be less than 40% • Other policies regarding reserves and leveraging
35
CIP Timeline May 13 – Proposed CIP to County Board May 20 – Joint Schools – County worksession May-June - Briefing of Commissions June 3 – General Government & Parks worksession June 10 - County CIP Public Hearing June 18 – Transportation worksession June 24 – Utilities, stormwater and technology July 17 – Wrap-up worksession July 19 - Adoption of CIP & November Bond Referenda
36
Streetcar Update
37
Streetcar – 8-mile Investment in our Future During the next 30 years… 65% of County’s population growth, 44% of employment growth will be in Columbia Pike and Route 1 corridors.
Quarter mile from all planned streetcar stations
2010
Population
39,400
81,500
Housing units
22,600
42,700
Employment
62,900
100,100
2040
38
Streetcar – Maximizing Capacity, Connectivity We will combine the flexibility of bus with the certainty and permanence of streetcar for maximum benefit. Buses to Pentagon, Downtown
Buses to Rosslyn, Courthouse, Ballston Buses to Culmore, Annandale
Pentagon City Crystal City
M Columbia Pike
M
VRE
Skyline
Potomac Yard
More people in fewer vehicles = Reduced congestion Streetcar vehicle can hold 100% more passengers than a bus, 40% more than an articulated bus
39
Streetcar System Projected Ridership 70000 60000
Average Weekday Boardings Through trips
50000
Crystal City local trips 40000 30000
Buses = 24,700
Columbia Pike local trips
20000
Crystal City
10000
Columbia Pike
0 2010 Actual
Streetcar = 37,100
Buses = 22,700
2035 Forecast
• Reflects population and employment forecasts based on updated County and regional plans • Shows the benefits of having a seamless streetcar system (“one seat ride”)
40
Corridor Transit – How Does It Compare?
Daily Weekday Ridership Columbia Pike – Crystal City: 2010 bus ridership
24,700
2035 rail and bus ridership
59,800
Metrobus 16th Street S-line
20,000
Portland Streetcar
18,000
Cleveland Health Line BRT
16,000-20,000
Norfolk, Va. Tide Light Rail
4,000
41
Streetcar = Economic Competitiveness From 2014 Columbia Pike Transit Comparative Return on Investment Study:
$3.2 billion to $4.4 billion in net, or new, real estate value for Arlington and Fairfax Counties over 30 years • Over and above project capital and operating costs • Benefits due to property value increases and greater extent and faster pace of growth
6,600 new jobs attracted to the corridor within 10 years of project construction • Based on new growth due to the transit infrastructure investment • More than 3x the amount supported by enhanced bus
42
Streetcar Investment = New Tax Revenues Annual New Arlington County Tax Revenues Over Baseline $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0
Streetcar total = $1,260 million
FY 2015: $0.01 on the tax rate = $6.6 million
Enhanced bus total = $385 million
Enhanced Bus
Streetcar
• Revenues are net -- over and above project costs. • Presented in 2014 dollars. 43
FY 2015-2024 Streetcar Capital Cost Columbia Pike streetcar
Crystal City streetcar
Arlington County
$287 million
$227 million
Fairfax County
$71 million*
--
Total
$358 million
$227 million
Start of service
Spring 2021
Spring 2020
* Proposed
Change in capital cost since 2013 CIP: + $109 million for Columbia Pike + $ 81 million for Crystal City Cost increase primarily due to 2013 FTA recommendations: • • • •
Rightsizing vehicles to meet County and regional growth plans Higher engineering and start-up costs Higher annual inflation rate assumption Larger project contingency
Both project schedules reflect more conservative timeframes for engineering, procurements and FTA approvals.
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FY 2015-2024 Streetcar Funding ($ in millions) Crystal City = $227 million
Columbia Pike = $287 million
Previous, $5.9, 2%
Previous, $9.5, 3%
TCF, $18.3, 7%
TCF Bonds, $35.4, 12%
TIF, $15.3, 7%
TIF Bonds, $22.6, 10% State, $55.3, 24%
Federal, $140.5, 49%
HB 2313 30% Local, $12.3, 4% State, $70.7, 25%
TCF Bonds, $78.7, 35%
HB 2313 30% Local, $24.3, 11% TCF, $25.3, 11%
Regional funding source: • HB 2313 30% Local = Arlington’s portion of new Northern Virginia transportation funding Local funding sources: • TCF = Transportation Capital Fund, supported by commercial and industrial real estate tax • TIF = Crystal City, Potomac Yard, Pentagon City Tax Increment Financing Fund
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