D.C. Metro approves TOD project team

Posted on March 25, 2011

Washington Metropolitan Area Transit Authority’s (Metro) board of directors approved on Thursday the selection of a development team led by Forest City Enterprises and Urban Atlantic Development to create a signature transit oriented development (TOD) project around the New Carrollton Metrorail station in Prince George’s County.

The board also approved a Memorandum of Understanding (MOU) with the development team, the first step in a joint approval process with the Maryland Department of Transportation (MDOT), which is expected to sign off on the MOU and developer selection in early April.

“Transit oriented development around the Metro system generates millions of dollars for the region,” said Metro GM/CEO Richard Sarles. “We are pleased to be working with Maryland on this public private partnership that allows Metrorail to serve as an economic engine.”

Metro and MDOT combined properties to offer 39 acres for redevelopment around New Carrolton in a joint Request for Qualifications that was issued in September 2010. Following a rigorous evaluation of five groups that responded to the solicitation, the selection team unanimously chose the Forest City/Urban Atlantic Development team to lead the project.

“Forest City and Urban Atlantic were selected based on their superior financial strength, previous experience in public/private and complex TOD projects, experience in all property types and the outstanding experience of team members,” said Steve Goldin, Metro’s Director of Real Estate who led a selection team comprised of four members each from Metro and the State of Maryland.

With Metro and MDOT approval, the MOU will set out next steps in the process, which include selecting consultants to assist in the creation of a conceptual development plan; involving the public and various stakeholders; and meeting Metro and MDOT goals to integrate the future Purple Line, implement the results of Metro’s bus needs analysis, and enhance access to the New Carrollton Metrorail station via multiple modes.

The agreement also includes a new approach to funding predevelopment planning, with MDOT making available $350,000 and Metro agreeing to reimburse the development team for up to $650,000 of consultant costs to support station development planning.

Together, MDOT and developer-provided funds will pay for the comprehensive design of the public and private elements of New Carrollton development, and for the inclusion of Metro, MDOT and community stakeholders as active participants in the process.

View comments or post a comment on this story. (0 Comments)

More News

Bombardier contracted to extend Phoenix airport people mover

The contract is valued at approximately $305 million and includes options for three additional vehicles as well as for various vehicle retrofits and upgrades.  

Siemens, partners deliver automated peoplemover for Frankfurt Airport

The company will deliver 12 fully automated two-car trains equipped with GoA4 Communication Based Train Control Trainguard MT CBTC, the track work equipment, the station platform doors, communication system, depot equipment, and the power supply system.

FRA taking proactive approach to help railroads meet PTC requirement

At the direction of Secretary Elaine L. Chao, the FRA is taking a proactive approach to ensure railroads acquire, install, test, and fully implement certified PTC systems in time to meet the congressional interim deadline of Dec. 31, 2018.

Despite federal uncertainty, N.C. light rail project optimistic about funding

Half of the Durham-Orange light rail’s cost — totaling over a billion dollars — is expected to come from the federal government.

Las Vegas Monorail unveils Google Pay mobile ticketing

The Monorail now offers riders the ability to quickly and easily purchase fares online and use their phone at the fare gates for immediate transit access to everything along the Las Vegas Strip.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment



Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close