Transcript Solana Beach Joint Development

RELATED TO AGENDA
ITEM 4
Solana Beach Joint
Development
Performance, Administration and Finance Committee
April 3, 2014
Project Objectives
• Create an economic benefit to the area
• Generate long-term revenue stream to support
NCTD’s transit operations
• Provide the opportunity to obtain goods and
services in the transit center
• Offer active public spaces/safe station areas
• Promote and enhance ridership
• Increase pedestrian/bicycle originated transit
trips
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Solana Beach Station and Transit Center Building
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Concept Aerial View
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Possibilities
• Mixed-Use Transit Oriented
Development
– Retail
– Restaurants
– Service Uses
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Sample Development Concept
• Retail:
– 10K-15K SF
• Restaurants:
– 10K-20K SF
• Transit Parking:
– 75 Subterranean
Parking Spaces
• Private Parking per
Zoning Code
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Federal Transit Administration (FTA) requirements
• FTA regulations and eligibility requirements
(FTA Proposed Joint Development Circular and Federal Transit Law Title 49,
Chapter 53)
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Create an economic benefit by enhancing economic development or
incorporating private investment
Provide a public transportation benefit by either: (a) enhancing the
effectiveness of a public transportation project and relating physically and
functionally to the public transportation project, or (b) establishing new or
enhanced coordination between public transportation and other
transportation.
Produce revenue and reserve a fair share of that revenue for public
transportation
Provide that a person occupying space in a facility constructed with FTA
funds must pay a fair share of the costs of the facility through rental
payments or other means.
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Joint Development
NCTD Envisions
– A mixed-use development including
subterranean parking, restaurant, retail and/or
office use
– Proposal package shall provide each firm’s
specific successful experience with mixed-use
developments, a financial plan outline and an
implementation strategy.
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Development Requirements
• Preserve Existing Station Building
– Building may be relocated/reoriented on site
or converted/re-purposed into retail space.
• 75 Underground Parking Spaces
– Shared parking concept (evenly distributed
parking demand)
• FTA Proposed Joint Development
Circular
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Solicitation Process
• Four-Step Process
• Step 1:
– Evaluation and Ranking
– Short-Listing of Proposers (up to four (4))
• Step 2:
– Short-Listed Proposers Only
– Discussions may include presentations, clarifications,
mid-course corrections, etc.
– Scheduling TBD
– Evaluation and Ranking
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Solicitation Process cont’d
• Step 3:
– Negotiate with Highest Ranked Proposer(s)
– Recommendation for Award
• Step 4:
– Board Authorization
– A single contract will be awarded based on
overall quality of project proposed and
overall best value to NCTD.
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Solicitation Schedule
(Subject to Change)
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Pre-Proposal Conference
First Mid-Course Discussion
Questions Deadline
Proposal Submittal Deadline
Short-List of Proposers Notified
Clarifications Deadline
Second Mid-Course Discussion
Evaluation Completed
Negotiations Completed
Board Authorization
February 13, 2014
February 26, 2014
April 10, 2014
May 7, 2014
May 29, 2014
June 19, 2014
June 26, 2014
July 23, 2014
November 4, 2014
December 18, 2014
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Current Status of Procurement
• Feedback received from potential vendors
• Potential Options to Maximize Developer
Interest
• Key Considerations/Next Steps
– Timely use of existing grant funds
– Maximize Developer interest to support multiple
proposals
• Solicitation Schedule
– Timing dependent on Developer feedback and other
considerations
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Questions?
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