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TOD Benchmarking Physical & Financial Best Practices

Assessment & Analysis. TOD Benchmarking Physical & Financial Best Practices Synthesize Existing Economic Development Plans Update ERA Market Study Including Analysis of Conceptual TOD Scenarios Community Asset Mapping Economic Impact Analysis

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TOD Benchmarking Physical & Financial Best Practices

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  1. Assessment & Analysis • TOD Benchmarking • Physical & Financial Best Practices • Synthesize Existing Economic Development Plans • Update ERA Market Study • Including Analysis of Conceptual TOD Scenarios • Community Asset Mapping • Economic Impact Analysis • Recommend TRID Value Capture Area Based Upon Market, TOD Scenarios & Community Input

  2. Comprehensive Financial Strategy • Address Challenges to TRID Implementation • TRID Not Established Funding Mechanism • Lack of Dedicated TOD Funding Source • Utilize Other Sources to ‘Jump Start’ Redevelopment • Federal Transit Administration & Department of Transportation • HUD Section 108, 221(d)(3-4) & CDBG • Low Income Housing Tax Credits, Historical Tax Credits & New Markets Tax Credits • PHFA • RACP • Infrastructure Development Program • High Performance Building, Solar & Geothermal Programs

  3. Comprehensive Financial Strategy • Identification of Priority Investments • Project Specific Financing • TIF Model secured through NID Special Assessment • Dedicated Revenues for Debt Repayment

  4. Project Specific Financing

  5. Comprehensive Financial Strategy • Collection of Revenues Over Time • Administered by Neighborhood Improvement District • East Liberty TOD Fund • For Projects Not Large Enough for Stand Alone Financing • Property Acquisition, Demolition, Public Space, Intermodal, etc • Pool Available for Grants & Loans • Port Authority Transit Fund • Joint Development, Necessary Transit Improvements & Maintenance • East Liberty Community Development Fund • Small Business Assistance & Non-profit Community Groups

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