Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010
-
Upload
liberty-preston -
Category
Documents
-
view
20 -
download
0
description
Transcript of Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010
![Page 1: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/1.jpg)
Source: What Fuels will Move Us? Barker, Bill. ITE Journal. July 2010
![Page 2: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/2.jpg)
One Key to Directing Growth…
1. Plan & Influence1. Plan & Influence Development Economics
Graphic from K2 Urban Corp
![Page 3: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/3.jpg)
Regional Growth “Engines”
50,000 students & employees50,000 students & employees
50,000 50,000 ++ employees employees
15,000 students & employees15,000 students & employees
15,000 students & 15,000 students & employeesemployees
![Page 4: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/4.jpg)
Land Development Growth “Pioneers”
![Page 5: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/5.jpg)
Land Development Growth “Roof-top Followers”
![Page 6: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/6.jpg)
RMP Development Scenarios
Business-as-Usual(Scattered / Linear)
Quality Growth(Contiguous / USA fringe)
“Quality Growth Plus”(Compact / Infill)
![Page 7: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/7.jpg)
Long-term Operation & Maintenance Commitment
Education…………………..Public Safety..…………….Roads……………………….Wastewater………………..
Fire/Rescue; Water; Parks; Solid Waste..........
40% 8%30%11%
11%
Public Service Percent of Avg. Annual Cost
Source: Duncan and Associates. The Search for Efficient Urban Growth Patterns: A Study of Fiscal Impacts of Florida Development. Governor’s Task Force on Urban Growth Patterns and DCA. Tallahassee FL, 1989.
![Page 8: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/8.jpg)
![Page 9: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/9.jpg)
Impacts on Traffic Activity
Form / Location
Business-as-Usual(Scattered / Linear)
Quality Growth(Contiguous / USA fringe)
“Quality Growth Plus”(Compact / Infill)
Avg. Traffic Trip Length
Duncan’89 FDOT (335.067, F.S.) Weighted Avg.
8.3 mi 12.1mi 11.2mi
6.4mi 9.6mi 8.8mi
6.8mi 4.9mi 5.4mi
![Page 10: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/10.jpg)
100 lot subdivision
![Page 11: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/11.jpg)
Vehicle Miles Traveled (VMT)
![Page 12: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/12.jpg)
Streets & Roadways Maintenance
Data Sources: City of Tallahassee Annual Budget, Leon County Annual Budget, Leon County CIP, FDOT Historical Work Program, and FDOT Countywide VMT Estimate
* Excluding I-10 Costs and Traffic
![Page 13: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/13.jpg)
Costs of Development Location
(P/A, 3%, 35)
![Page 14: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/14.jpg)
![Page 15: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/15.jpg)
You can affect Development Location Decisions…
Graphic from K2 Urban Corp
![Page 16: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/16.jpg)
100 lot subdivision
![Page 17: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/17.jpg)
Land Development ProForma
Revenue (Sales) $11,250,000CostsLand Acquisition $ 1,800,000Site Infrastructure $ 900,000Product Cost (COGS) $ 5,000,000Transportation $ 400,000Interest Carry (5yrs) $ 1,200,000
Subtotal $ 9,300,000
Potential Margin / ROI $ 1,950,000 (20%)
(Off-site infrastructure)
![Page 18: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/18.jpg)
(Off-site infrastructure)
Land Development ProForma
Revenue (Sales) $11,250,000CostsLand Acquisition $ 1,800,000Site Infrastructure $ 900,000Product Cost (COGS) $ 5,000,000Transportation $ 400,000Interest Carry (5yrs) $ 1,200,000
Subtotal $ 9,300,000
Potential Margin / ROI $ 1,950,000 (20%)
Here is what you can influence…
17%
![Page 19: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/19.jpg)
Land Development ProForma
Revenue (Sales) $11,250,000CostsLand Acquisition $ 1,800,000Site Infrastructure $ 900,000Product Cost (COGS) $ 5,000,000Transportation $ 400,000Interest Carry (5yrs) $ 1,200,000
Subtotal $ 9,300,000
Potential Margin / ROI $ 1,950,000 (20%)
Reduce Interest Carry…
(Off-site infrastructure)
![Page 20: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/20.jpg)
Land Development ProForma
Revenue (Sales) $11,250,000CostsLand Acquisition $ 1,800,000Site Infrastructure $ 900,000Product Cost (COGS) $ 5,000,000Transportation $ 400,000Interest Carry (44yrs) $ 900,000
Subtotal $ 9,000,000
Potential Margin / ROI $ 2,250,000 (25%)
Reduce Interest Carry…
Build There!!!
(Off-site infrastructure)
![Page 21: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/21.jpg)
Land Development ProForma
Revenue (Sales) $11,250,000CostsLand Acquisition $ 1,800,000Site Infrastructure $ 900,000Product Cost (COGS) $ 5,000,000Transportation $ 400,000Interest Carry (5yrs) $ 1,200,000
Subtotal $ 9,300,000
Potential Margin / ROI $ 1,950,000 (20%)
Here is what you can influence….
(Off-site infrastructure)
![Page 22: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/22.jpg)
Land Development ProForma
Revenue (Sales) $11,250,000CostsLand Acquisition $ 1,800,000Site Infrastructure $ 900,000Product Cost (COGS) $ 5,000,000Transportation $ 40,000Interest Carry (5yrs) $ 1,200,000
Subtotal $ 8,940,000
Potential Margin / ROI $ 2,310,000 (26%)
Build There!!!
Here is what you’ve helped….
(Off-site infrastructure)
![Page 23: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/23.jpg)
Land Development ProForma
Revenue (Sales) $11,250,000CostsLand Acquisition $ 1,800,000Site Infrastructure $ 900,000Product Cost (COGS) $ 5,000,000Transportation $ 40,000Interest Carry (4yrs) $ 900,000
Subtotal $ 8,640,000
Potential Margin / ROI $ 2,610,000 (30%)
Direct Incentives…
Build There!!!
(Off-site infrastructure)
![Page 24: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/24.jpg)
Parcel Assemblage v. Simple Purchase
I know there is a marketneed for my product,where should I buy
the land?
![Page 25: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/25.jpg)
Parcel Assemblage v. Simple Purchase
Lemme see, should Itry to deal with 12 sellers
and their attorneys, orjust Farmer Brown?
![Page 26: Source: What Fuels will Move Us? Barker, Bill. ITE Journal . July 2010](https://reader036.fdocuments.net/reader036/viewer/2022062422/56812ee7550346895d948390/html5/thumbnails/26.jpg)
Proforma Category Influence / Action
Revenue (Sales)…….
Costs
Land Acquisition……
Site Infrastructure……
Product Cost (COGS)
Transportation……
Interest Carry……….
Guiding Growth through Development Economics
Public Investment - Community Fabric; Public Transit; Active Transportation; Streetscapes; Public Education; etc.
Density / Property Yield
n/a
n/a
Incentives/Disincentives
Streamline Permitting
Regional Growth Influence Areas