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Transit Orientated Development HENNEPIN COUNTY www.hennepin.us Housing, Community Works & Transit NACCED September 20, 2011.

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Presentation on theme: "Transit Orientated Development HENNEPIN COUNTY www.hennepin.us Housing, Community Works & Transit NACCED September 20, 2011."— Presentation transcript:

1 Transit Orientated Development HENNEPIN COUNTY www.hennepin.us Housing, Community Works & Transit NACCED September 20, 2011

2 HENNEPIN COUNTY Largest in population (1.2 million) residents, budget and property value. Diverse – topography and people Median family income: $61,387 Median age: 38 Median home value: $215,000 Home to 1/3 of the state’s jobs

3 Hennepin Community Works was created in the mid 1990s To enhance how the communities of Hennepin County work together to create good jobs, provide access to employment, and build the long term value of communities by investing in infrastructure, public works, parks, and the natural environment and by improving the existing implementation systems. Mission Principles Stimulate employment development Build bridges for effective planning and implementation Maintain and improve natural systems Strengthen communities through connections Enhance the tax base

4 Hiawatha LRT

5 Minnehaha-Hiawatha Community Works The planning project approaches the corridor’s future potential and reinvestment needs based on maintaining and improving neighborhood livability. Five (5) neighborhood livability elements have been identified, which consist of the following: Mobility land use and physical resources environment and natural resources economic development and social/cultural/heritage

6 Transit-Oriented Development (TOD) Program To support multi-jurisdictional TOD in housing and economic development projects in designated redevelopment areas located at or near transit corridors in Hennepin County. To support multi-jurisdictional TOD in housing and economic development projects in designated redevelopment areas located at or near transit corridors in Hennepin County. Projects that demonstrate the objectives of TOD: density, compact and efficient design, transit connections, biking, walking Projects that demonstrate the objectives of TOD: density, compact and efficient design, transit connections, biking, walking Since, 1993 has provided $19.6 in CAPITAL funding in the form of grants or loans to 79 projects. Since, 1993 has provided $19.6 in CAPITAL funding in the form of grants or loans to 79 projects.

7 2003 – 7 projects 2004 – 11 projects 2005 – 10 projects 2006 – 6 projects 2007 – 13 projects 2008 – 11 projects 2009 – 6 projects 2010 – 6 projects 2011 – 9 projects TOD Project Awards Total of $19.6M awarded

8 Longfellow Station Longfellow Station SA, LLC$300,000 grant Hiawatha LRT – 38 th Street Station, Minneapolis 180 mixed income housing units 180 mixed income housing units 10,000 sf commercial space; anticipates 40 jobs 10,000 sf commercial space; anticipates 40 jobs Large-scale TOD at key redevelopment site Large-scale TOD at key redevelopment site

9 54 units mixed-income housing units 54 units mixed-income housing units 8,000 sf commercial space 8,000 sf commercial space Anticipates 15 jobs Anticipates 15 jobs Physical connection to transit station Physical connection to transit station Hi-Lake Triangle Wellington Management, Inc. $450,000 grant/loan Hiawatha LRT – Lake Street Station, Minneapolis

10 Adele’s employment map

11 Southwest LRT Community Works

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13 Bottineau Transitway Planning Existing conditions Best management practices Areas of change and stability Corridor vision/plans Station typologies

14 WHERE TO FIND MORE INFO www.hennepin.us www.hennepin.uswww.hennepin.us www.metrocouncil.org/transportation/lrt www.metrocouncil.org/transportation/lrt www.metrocouncil.org/transportation/lrt www.bottransit.org www.bottransit.org www.bottransit.org www.southwesttransitway.org www.southwesttransitway.org www.southwesttransitway.org

15 QUESTIONS??


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