Transcript Document

Multi-Modal Transit Center at Taylor Street:
Project Overview and Uses for the Upper Floors
Public Forum
October 16, 2013
Agenda
1. Welcome
2. History and Goals of the Project
3. Where we are Today
4. Input Needed
A.
How could the upper floor development best serve downtown?
B.
What would you like the building to look like?
5. Wrap-Up
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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
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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.
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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.”
5
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
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Site Parameters
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Site Parameters
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Site Parameters
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Site Parameters
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Site Parameters
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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
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Timeline
Goal: 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 building
May 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 • Construct Bike Path including Pedestrian Bridge
to Fall 2015
• Construct Multi-Modal Transit Center
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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.
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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
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Multi-Modal Transit Center:
Parking Requirements
Floors
(5,000 ft2
footprint)
1 Floor
2 Floors
3 Floors
4 Floors
5 Floors
6 Floors
Estimated
Parking Spaces
Required*
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25
38
50
63
75
* Parking replacement fees,
offsite parking arrangements,
and other creative solutions
can help offset some of the onsite demand. Additionally, the
multi-modal transportation hub
for buses, bikes, and
pedestrians may allow for
creative solutions to the
parking and zoning
requirements.
Note: The footprint of the building could be between 3,600 ft2 and 6,000 ft2.
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Input Needed
How could the upper floor
development best serve
downtown?
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Input Needed
What would you like the
building to look like?
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Wrap-Up
Final Questions or
Comments
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