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HomeMy WebLinkAboutSummary FormDate: 09/12/14 AGENDA ITEM SUMMARY FORM FILE ID: 14-00924 Requesting Department: CITP Commission Meeting Date: 09/29/14 District(s) Impacted: 2 & 5 Type: Resolution f] Ordinance n Emergency Ordinance XI Discussion Item Law Department Matter ID No. Subject: A Discussion Item to present an update on the Miami Streetcar Project Purpose of Item: II Other Discussion Item, present an update on the Miami Streetcar project and the urgent need to move forward with a premium transit option to provide mobility options within the City's Urban Core. Background Information: The City of Miami is undergoing a resurgence of high -density development, accentuating the need for a premium fixed -guideway transit network. With a daytime population of over 220,000, Downtown Miami is growing and congestion levels continue to increase. The resident population of Downtown is expected to grow to 85,000 by year 2016, an increase of 16 percent from year 2011 and over 100 percent from year 2000. Although significant growth has been observed, no additional roadway capacity has been added to the network. The neighborhoods surrounding Downtown are experiencing a similar growth pattern as residents look for a different lifestyle that allows them to live closer to their jobs. The areas of Overtown, Edgewater, Midtown Miami, Miami Design District and Wynwood have already shown a new wave of developments offering a choice to the residents, and the City of Miami supports the need for a premium fixed -guideway transit network connecting the neighborhoods within the urbanized area. Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals (SIGN AND DATE) CIP N/A Budget If using or receiving capital funds Grants N/A Risk Management Purchasing N/A Dept. Director Chief G2 �_.� City Manager N/A