Rail

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

MBTA needs $7.3B to repair rail system

The backlog could be wiped out by 2040 if the T spends $765 million annually on the maintenance backlog — rather than the current $610 million.

Siemens wins New York Communications-Based Train Control contract

The $156 million contract is to install the system on the Queens Boulevard Line, one of the busiest subway lines on the New York City Transit system.

Bike repair kiosks coming to select MARTA stations

MARTA partnered with the Atlanta Bicycle Coalition, a bike advocacy and rider education organization, to initiate the campaign and identify locations for the repair kiosks.

Sacramento RT's Blue Line extension begins service

The expansion offers local commuters an alternative to congested Highway 99 and brings new transit service to the area’s major employers. It will also encourage new retail and residential development in specially zoned areas along the light rail line.

Ariz.'s Valley Metro extends rail line into Downtown Mesa

Seven months ahead of schedule and on budget, the additional 3.1-miles of service on Main Street between Sycamore Drive and Mesa Drive was greeted with big cheers from riders, business owners and local leaders.

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

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 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