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HomeMy WebLinkAbout04-00906 MIAMI AT MIDNIGHT Exec Summary8/31/04 MAIM AT MIDNIGHT MIAMI AT MIDNIGHT: EXECUTIVE SUMMARY The Miami CRAs (both the Southeast Overtown/Park West Community Redevelopment Agency and the Omni Redevelopment District Community Redevelopment Agency) contracted with Nova Southeastern University (NSU) to assist the CRA staff regarding efforts to fund and initiate the recommendations of the MIAMI AT MIDNIGHT report presented to the CRA Board of Directors last December 8, 2004. The MIA_MI AT MIDNIGHT recommendations were a mix of pedestrian -oriented redevelopment, funding and design strategies consistent with the revised Southeast Overtown/Park West Community Redevelopment Agency (SEOPW CRA) redevelopment plan as currently being proposed for adoption and consistent with the current efforts to update the Omni Redevelopment District Community Redevelopment Agency (OMNI CRA) redevelopment plan. Although a component of the overall project consists of community transit equipment and relate track installations (approximately 11.4 % of currently estimated costs for narrow gauge rail vehicles, related rail installations and "on demand" rubber tire vehicles) to facilitate localized intermodal movements between interregional corridors and hubs and related parking and community destinations within or adjoining the CRAs districts or the proposed expanded districts, the MIAMI AT MIDNIGHT proposal should not be characterized as a transit system or construed to compete with any transit project (the City of Miami's Streetcar initiative, Bay_ Link or Metrorail expansion plans). The MIAMI AT MIDNIGHT materials do present an opportunity to fully recognize the value and historic qualities of the Overtown, Park West and Omni communities and to give them the timely attention they deserve. More importantly, the MIAMI AT_MIDNIGHT recommendations for parking structures directly accessible from either 1-395 or 1-95 combined with mixed -mode corridors, traffic calmed streets, mixed -use liner buildings (at least three stories high) and narrow gauge rail and "on demand" community transit services are collectively designed to create a safe, comfortable, useful and interesting pedestrian environment that will reduce automotive traffic congestion and provide for significant intermodal transfers. When the MIAMI. AT MIDNIGHT recommendations are fully addressed, seamless transfers from interregional corridors (1-95, 1-395, South Florida Rail Corridor and Florida East Coast Railway) to interregional and local transit (Tri-Rail, Metrorail, Metromover and Metrobus services as existing today or rail and transit services as expanded in the future, inclusive of the Bay Link and Miami Streetcar proposals) and interregional hubs (Greyhound, Port of Miami and eventually the Miami Intermodal Center/Miami AT MIDNIGHT International Airport (via N.W. 20th Street linkages) will showcase Miami as an international destination of world -class stature. Further, such efforts will widen the positive economic impacts and redevelopment opportunities related to proposed Miami Streetcar improvements from the narrow corridor of transit -oriented development along the N.E. 2nd Avenue corridor (See the attached City of Miami Streetcar Feasibility Study Project Update) to all the properties within the SEOPW CRA and OMNI CRA districts and proposed expanded districts. Finally, as described in the previously submitted funding summaries, the MIAMI AT MIDNIGHT focus on large scale interregional intermodal movement made possible through innovative redevelopment, parking, pedestrian -oriented design and community transit strategies opens up a much broader array of funding opportunities that will never be available to a more limited, Portland inspired, transit project. Moreover, within the context of just transportation funding options, transit projects are always a more limited as to available federal and state funds. Only 20 percent of the federal transportation funds are specifically reserved in the Mass Transit Account for transit funding and the FOOT tends to limit transit funding to an amount necessary to comply with the 15 per cent statutory transit funding requirement. Intermodal projects do not have such funding limits and can directly access highway funds for parking and intermodal facilities. What will hopefully recognized when reading the NLIAIMAT MIDNIGHT materials is that the Metrorail and other rail and transit expansions (inclusive of the Bay Link project and the Miami Streetcar initiative), the 1-395 project and Port Tunnel should all be elements of a seamless, efficient, reliable urban transportation system within the context of multiple redevelopment efforts that will expand the boundaries of Downtown Miami through and north of the SEOPW CRA and OMNI CRA districts without excluding the historic neighborhoods of Overtown. These MIAMI AT MIDNIGHT recommendations provide for eight Early Phase Community Intermodal System Components to be undertaken for a total projected cost of $89.3 million inclusive of an initial demonstration project costing $16.2 million and consisting of the Promenade and Performing Arts segments. Operating costs of $2.3 million per year are projected for the eight Early Phase segments ($420,000 for the demonstration project) and revenues from the parking structures ($3.56 million) included in the project components and tax increment funds derived from liner building and other development and land value increases ($5 to $10 million) can be expected to provide more than sufficient revenues for such expenses. At this time, NSU would propose that the SEOPW CRA and OMNI CRA Boards of Directors approve resolutions as follows: 2 of 7 8/31/04 MIAMI AT MIDNIGHT • Recognize the MIAMI AT MIDNIGHT materials as herein submitted is the strategies they will use to implement the redevelopment plans of the SEOPW CRA and the OMNI CRA as revised from time to time. • Direct the CRA staff and NSU to present these MIAMI AT MIDNIGHT materials to the City of Miami, the Miami -Dade County Commission and the Miami -Dade MPO and request their support and, as appropriate, their approval of the strategies and projects referenced therein in concert with the plans for Metrorail or other transit expansions, inclusive but not limited to the Bay Link project and the City of Miami's Streetcar initiative. • Direct the CRA staff and NSU to prepare grant applications for MIAMI T MIDNIGHT projects for review, approval and submittal by the CRA Executive Director and to the undertake necessary activities related thereto. • Direct the CRA staff and NSU to prepare quarterly status reports for review and approval by the CRAs at such times as are scheduled by the CRA Executive Director. MIAMI TODAY Dover. Kohl & Partners When the sun goes down and the moon rises over Miami, the residents, visitors, local business owners of the Overtown, Park West and Omni neighborhoods once again walk through their city streets, visiting with neighbors, friends and business associates, enjoying a quality of life that compares to any in the world. As a cool moist breeze rolls in from the waterfront, a cornucopia of familiar rhythmic music fills the street. We walk arm -in -arm from one late night establishment to the next. It's midnight in Miami and it feels really good to be alive. MIAMI AT MIDNIGHT 3 of 7 EARLY PHASE COMMUNITY !NTERMODAL SYSTEM COMPONENTS CHART The Community Intermodal System improvements described in the MIAMI AT MIDNIGHT for the SEOPW/CRA and the OMNI/CRA are now more specifically described as follows: Projects Cost Partners The Promenade $8.1 million (assuming 3900 feet of corridor and track improvements, 200 structured parking spaces, one NGR vehicle and trailer car, "on demand" community transit support, vehicle storage and maintenance facilities with related equipment, parts and supplies and freight loading dock facilities). Nightclub, business and property owners, Miami Parking Authority and the Port of Miami. Performing Arts $8.1 million (same assumptions except that it also assumes the Performing Arts Loop uses part of the Promenade Loop where the routes overlap for approximately 700 feet). The Performing Arts of Greater Miami, related uses, the Miami Parking Authority, Omni developers and property owners. Overtown $8.1 million (same assumptions except that it also assumes the Overtown Loop uses part of the Promenade Loop where routes overlap for approximately 1800 feet). Miami Arena/Miami Sports and Exhibition Authority, Miami Parking Authority, City of Miami and related developers and property owners. Port of Miami $10.8 million ( assuming 6900 feet of corridor and track improvements, 200 structured parking spaces, one NGR vehicle and trailer car, one "on demand" community transit vehicle, vehicular storage and maintenance facilities with related equipment, parts and supplies and freight loading dock facilities. The Port of Miami Loop uses part of the Overtown Loop where the routes overlap for approximately 600 feet). American Airlines Arena, Port of Miami and related passenger cruise businesses, Bayside Marketplace, Miami Dade College, Miami Parking Authority, Miami Arena/Miami Sports and Exhibition Authority, and related developers and property owners. Bicentennial Park $9.7 million (assuming 3300 feet of corridor and track improvements, 200 structured parking spaces, one NGR vehicle and trailer car, "on demand community transit support, vehicle storage and maintenance facilities with related equipment, parts and supplies and freight loading dock facilities. The Bicentennial Park Loop uses part of the Port of Miami, Promenade and Performing Arts Loops where the routes overlap for approximately 2850 feet). The City of Miami, the Baywalk Steering Committee, proposed museums and park event operators, the American Airlines Arena, the Miami Herald, the Miami Parking Authority, the Performing Arts Center of Greater Miami and related developers and property owners. 10t" and 11`h Street $17.2 million (assuming 9450 feet of corridor and track improvements, 400 structured parking spaces, two NGR vehicles and trailer cars, one "on demand" community transit vehicle, vehicle storage and maintenance facilities with related equipment, parts and supplies and freight loading dock facilities. The 10th and 11 t" Street Loop uses part of the Overtown and Promenade Loops where the routes overlap for approximately 1950 feet). The businesses and nightclubs within the Park West Entertainment District, residents and property owners near the 10111 and 11'h Street corridors, Metrorail passengers who wish easier access to the Culmer Metrorail Station and children attending area schools and their parents. 4 of 7 8/31/04 MIAMI AT MIDNIGHT N.W. 3`d Avenue $18.4 million (assuming 10,200 feet of corridor and track improvements, 400 structured parking spaces, two NGR vehicles and trailer cars, one "on demand" community transit vehicle, vehicle storage and maintenance facilities with related equipment, parts and supplies and freight loading dock facilities. The N.W. 3Td Avenue Loop uses part of the Overtown Loop where to routes overlap for approximately 1050 feet). The small business owners, property owners and residents adjacent the 3`d Avenue, 2nd Avenue and 151 Place corridors north to at least N.W. 20th Street, children attending area schools and their parents. School Board $6.2 million (assuming 2400 feet of corridor and track improvements, 200 structured parking spaces, one NGR vehicle and trailer car, "on demand" community transit support, vehicle storage and maintenance facilities with related equipment, parts and supplies and freight loading dock facilities. The School Board Loop uses part of the Promenade and Performing Arts Loops where to routes overlap for approximately 1650 feet). Miami -Dade County Public Schools, business and property owners related to the Omni and Park West Entertainment districts needing shared parking for business and residential purposes, the Performing Arts Center of Greater Miami and the Miami Parking Authority. TOTAL: $86.6 million project costs + $ 2.7 million contingencies and incentives $89.3 million total costs The costs listed above are based upon the scale of magnitude estimates provided in the MIAMI AT MIDNIGHT report. Preliminary design planning efforts ($1,966.000 or approximately 2% of the project costs) should be undertaken to provide more accurate cost estimates and to examine the specific technical and construction issues that will define a successful community intermodal system. PROMENADE DEMONSTRATION AND RECOMMENDED FUNDING SOURCES A demonstration of the MIAMI_ AT MIDNIGHT components should be established by undertaking to build the Promenade and Performing Arts segments to provide an immediate linkage between the CRA related entertainment districts (the Media Entertainment District and the Park West District) and parking spaces being developed underneath 1-395 and the parking structures developed as part of the Promenade and Performing Arts segments (400 parking spaces). If the 10th and 11th Street segment is pursued next as an expansion of the Miami Streetcar initiative or as an additional segment of the narrow gauge rail community transit, then all three communities (Overtown, Park West and Omni) and their respective entertainment districts will be linked as a single redevelopment effort with Downtown Miami, the Midtown development efforts and the Miami Design District. 5 of7 8/31/04 Funding sources are recommended as follows: MAIM AT MIDNIGHT • I-395/Port of Miami Intermodal Center $ 5.1 million (Strategic Intermodal System/Passenger lntermodal Facilities/Fringe and Corridor Parking Facilities} • FDOT Loan/Advance $ 6.0 million $ .6 million (State infrastructure Bank/ fiscally self-sucient transit system) • CRA Promenade Expenditures • CRA Liner BuildingiTMA Office and Mobility Center • CRA Capital Program Expenditures Related To Proposed Corridors Improvements • Planning Partners And Grant Opportunities (See Funding Sources Charts) $ 1.0 million $ .95 million $ 2.55 million TOTAL $16.2 million To establish with the FDOT that the local entity, such as a transportation management association (TMA) that will be receiving the transportation funds, has the required matching funds, it is recommended that an agreement with the planning partners be developed to describe their commitments as the participants in the TMA. Similar funding commitments will be established for subsequent Early Phase Community Intermodal System Components as they become scheduled for development. If all the Early Phase projects are given equal planning efforts, opportunities to move on some project segments will not be hampered by obstacles thrown in the way of other segments. By staying focused on pedestrian -oriented corridor designs, the recognized landscaping and traffic calming strategies to improve the community life, the lighting and lively conditions required for high quality pedestrian -oriented public spaces, the parking and mixed -use liner buildings that frame the pedestrian -oriented urban form and the small transit intermodal access enhancements that extend the length and frequency of urban pedestrian movements, great progress can be achieved to accelerate and qualitatively improve the redevelopment process while achieving a clearly stated multimodal transportation objective. 6 of 7 8/31/04 1VMI AT NIIDNIGHT MIAMI AT MIDNIGH1 Early Phase \ 4 Community Intermodal System Como a ents: yam_ g).NW 3rAvenue-a•,.. h) Port of Miami, AA St Miami Arenas, Bayside Marketplace and Miami Dade -College CRA Controlled Future Development Parldng struct teeMe 9 Yf41,, Promenade Today • Bicentennial'' Park and Museums Please send your comments and questions regarding the above matters to Tom Gustafson, Director of Government Relations, Institute of Government and Public Policy, H. Wayne Huizenga School of Business and Entrepreneurship, Nova Southeastern University. He can be reached by email at tqustafs{a?nsu.nova.edu, by telephone at (954) 262-5128, by facsimile at (954) 262-3829 or by cell phone at (954) 661-7848. The mailing address is: 3301 College Avenue, Fort Lauderdale, Florida 33314. 7 of 7