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The TECOline Streetcar A Tampa Case Study Placemaking. Development. Tourism.

The TECOline Streetcar A Tampa Case Study Placemaking. Development. Tourism. The Mission: Converting former industrial and warehouse spaces into the “Visitor Crescent”. Linking the Tampa Convention Center with Ybor Historic District. Over $1 B in private development along the streetcar line.

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The TECOline Streetcar A Tampa Case Study Placemaking. Development. Tourism.

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  1. The TECOline StreetcarA Tampa Case StudyPlacemaking. Development. Tourism.

  2. The Mission: Converting former industrial and warehouse spaces into the “Visitor Crescent” Linking the Tampa Convention Center with Ybor Historic District Over $1 B in private development along the streetcar line

  3. Initial Line • 2.4 miles • Separate guideway • Single track - 6 passing track locations Future Expansion • New cultural arts district • North Franklin Street • Former north downtown “dead zone” • New opportunities for infill

  4. Residential development is booming on the line The Towers at Channelside are directly across from the streetcar Grand Central on Kennedy

  5. Two Major Hotels Chose to Locate Directly Adjacent to the Streetcar Embassy Suites - Tampa Convention Center Hampton Inn - Ybor City Historic District

  6. Ridership Exceeds Projections 432,000 riders in the first full year of operation (350k were estimated)

  7. Ridership Generators • Major: • Convention Activity • Cruise Ship Activity • Large Special Events • Ybor City/Channelside • Minor: • Florida Aquarium • Charter Groups • Existing Transit Users • Local Recreation

  8. TECO Energy paid $1,000,000 for the naming rights to the initial 2.4 mile system The former Tampa Electric Company began life as Tampa Electric Streetcar Company. Naming rights entitle them to prominent signage on all streetcars, maps, print materials and stations.

  9. Construction Costs • Source of Funds • City of Tampa: $14 M (gas tax revenue) • Federal earmarks • Flex funding/CMAQ(MPO) • FDOT Intermodal funds • Federal Livable Communities grant Project Costs Linear Infrastructure: $39 million Related Facilities: Ybor Station $9.3 M Southern Transportation Plaza $14.5 M Total $63 M

  10. Streetcar Operating Cost and Funding Sources Estimated Operating Cost: $1.3 Million Annually • Fares & Marketing • Assessment District • (.0033 mills) • Endowment Fund

  11. The Endowment Fund • Helps support Streetcar operations • Intended to last a minimum of 10 years • Managed by Tampa Historic Streetcar, Inc • Worst Case Scenario • Fund balance goes to zero in FY 2011 • More Optimistic Scenario • Fund balance extends to late 2012 The City of Tampa assumes any financial obligations after the endowment is exhausted

  12. Benefits to the City of Tampa Ridership Economic Development Private Real Estate Investment in the streetcar corridor tops $1 billion Residential development is leading the way followed by mixed use 2003 420k 2004 425k 2005 434k 2006 390k 2007 438k 65 percent of streetcar riders are tourists or conventioneers

  13. Southern Transportation Plaza Winner: 2004 Planning Commission Community Design Award

  14. Ybor Station Carbarn Outstanding Design for an Industrial Use in a Historic District 2003 Community Design Award Winner

  15. Tampa Lessons Learned • Access high employment/population areas • Double track if possible • Accommodate multiple vehicle types • Select low floor technology • Always avoid active railroad lines • Be flexible in funding – don’t over-promise • Build strong partnerships

  16. Tampa’s Newest Icon

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