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1 Streetcars & Cities in the 21 st Century. Charlotte, North Carolina October 11, 2007.

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Presentation on theme: "1 Streetcars & Cities in the 21 st Century. Charlotte, North Carolina October 11, 2007."— Presentation transcript:

1 1 Streetcars & Cities in the 21 st Century. Charlotte, North Carolina October 11, 2007

2 2 Elizabeth Avenue

3 3

4 4 Johnson & Wales University

5 5 CPCC: Central Campus Master Plan

6 6

7 7 Presbyterian Hospital

8 8 Elizabeth Avenue (before)

9 9 Elizabeth Avenue (planned)

10 10 Elizabeth Hawthorne Avenue (planned)

11 11 Retail 250,000 SF Office200,000 SF Medical Office250,000 SF Residential 1,000 Units Hotel 200 Rooms Parking4,000 Spaces * Does not include adjacent corridor development Elizabeth Avenue : Projected Build Out

12 12 Elizabeth Avenue: Projected Valuation Metrics Baseline Tax Value (2003)$31,582,110 Projected Tax Value$350,000,000 % Value Increase1,008% Projected Annual Property Tax $4,540,550 Total Annual Sales Tax Revenue$5,625,000 1/2 Cent Transit Tax Component$375, yr Property Tax Revenue$52,052, yr Total Sales Tax Revenue$64,484, yr Transit Tax Revenue Component$4,298,955

13 13 Central Avenue / Barnhardt TOD

14 14 Central Hawthorne Avenue

15 15 Central Avenue, Hawthorne Avenue, Barnhardt TOD & Adjacent Areas (Potential) Streetcar Transit Loop Transit Oriented Mixed-Use Development Belmont Neighborhood Mixed-Use Development Corridor Plaza - Midwood Neighborhood Seigle Point Mixed-Income Community Central Avenue Elizabeth Neighborhood Sugar Creek Greenway Recreation & Open Space

16 16 Barnhardt TOD : Projected Build Out Retail 120,000 SF Office250,000 SF Residential 950 Units Parking2,550 Spaces * Does not include adjacent corridor development

17 17 Barnhardt TOD: Projected Valuation Metrics Baseline Tax Value (2003)$3,795,800 Projected Tax Value$220,000,000 % Increase5,696% Projected Annual Property Tax $2,854,060 Total Annual Sales Tax Revenue$2,250,000 1/2 Cent Transit Tax Component$150, yr Property Tax Revenue$32,718, yr Total Sales Tax Revenue$25,793, yr Transit Tax Revenue Component$1,719,582


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