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

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Presentation on theme: "The TECOline Streetcar A Tampa Case Study The TECOline Streetcar A Tampa Case Study Placemaking. Development. Tourism."— Presentation transcript:

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

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

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 Grand Central on Kennedy The Towers at Channelside are directly across from the streetcar

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

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 RidershipEconomic Development k k k k k 65 percent of streetcar riders are tourists or conventioneers Private Real Estate Investment in the streetcar corridor tops $1 billion Residential development is leading the way followed by mixed use

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

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

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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