Multi-Modal Transit Center at Taylor Street: Project Overview and Uses for the Upper Floors

Public ForumOctober 16, 2013

2

Agenda

1. Welcome

2. History and Goals of the Project

3. Where we are Today

4. Input NeededA. How could the upper floor development best serve downtown?

B. What would you like the building to look like?

5. Wrap-Up

3

Overview of Project

• Bike Path connector• Pedestrian Bridge providing an important link

between Main and Barre Streets and the bike path • Park at the location where the Winooski and North

Branch Rivers meet• Multi-Modal Transit Center to include:– Welcome Center in partnership with the State– Upper floor development to be constructed and owned by

a development partner

4

Purpose of the Project

To increase the efficiency of public transportation in Montpelier, improve vehicular transportation efficiency and

mobility, advance an important link between two existing bike paths, and create usable open and green space in downtown.

5

2002 Bond Vote

“To see if the voters will authorize the City Council to borrow a sum not to exceed $800,000 for the

City’s share of the acquisition and development of the Capital District Master Plan Carr Project: the

purchase of the so-called Carr Lot and the construction of improvements thereon for a park

and/or public transit center and/or a tourist information/welcome center and/or a public

parking lot and/or a transportation path.”

6

Funding Sources

• 2002 Bond

• Federal Transit Administration (FTA) – to build the Multi-Modal Transit Center

• Federal Transportation (FHWA) – for site improvements and redevelopment of downtown

• VTrans Enhancement Grant – for pedestrian bridge efforts

7

Site Parameters

8

Site Parameters

9

Site Parameters

10

Site Parameters

11

Site Parameters

12

Where we are today

• Under agreement to procure the Carr Lot, TKS property, and the property at the Vermont Association for the Blind

• In conversations to procure the properties from Mowatt Trust, Heney Family Trust and Capitol Plaza for portions of the bike path

• Preliminary Plans completed for the Bike Path and Pedestrian Bridge

• Request for Qualifications issued last week to secure a development partner

13

TimelineGoal: To initiate construction in the Fall of 2014 with

facility complete and open in 2015.

Time Task

February 2014

• Finalize purchase of all properties• Select a Development Partner for the Multi-Modal Transit

Center buildingMay 2014 • Obtain right-of-way and environmental clearances

June 2014 • Bike Path final designs complete

July to September 2014

• Bid out Bike Path construction

August 2014 • Multi-Modal Transit Center final designs complete

October 2014 to Fall 2015

• Construct Bike Path including Pedestrian Bridge• Construct Multi-Modal Transit Center

14

Multi-Modal Transit Center

Vision: the City (in collaboration with the State) will own and maintain the site and facility with the upper floors owned by a

separate entity in a condo relationship.

Development Goals:• Build a state-of-the art multi-modal transit center to serve the residents of

Montpelier.• Leverage federal funds to encourage upper floor development thereby

adding to the Grand List, increasing downtown vibrancy, and building a signature structure at this important City gateway.

• Lead a transparent process that allows for resident feedback, innovative design, and maximize return for the taxpayers of Montpelier.

15

Multi-Modal Transit Center: Zoning Requirements

• Carr Lot is in Central Business District I (CBI) • Current Zoning requires:– The building to be a minimum of 2 stories with

development potential of a maximum of 6 stories. – Residential is allowed but may be limited due to

cost, time and environmental constraints. – 1 parking space for every 400 ft2

16

Multi-Modal Transit Center: Parking Requirements

* Parking replacement fees, offsite parking arrangements, and other creative solutions can help offset some of the on-site demand. Additionally, the multi-modal transportation hub for buses, bikes, and pedestrians may allow for creative solutions to the parking and zoning requirements.

Floors (5,000 ft2 footprint)

Estimated Parking Spaces Required*

1 Floor 132 Floors 253 Floors 384 Floors 505 Floors 636 Floors 75

Note: The footprint of the building could be between 3,600 ft2 and 6,000 ft2.

17

Input Needed

How could the upper floor

development best serve

downtown?

18

Input Needed

What would you like the

building to look like?

19

Wrap-Up

Final Questions or

Comments