Special Budget Meeting
City of Charlotte
September 27, 2012
12:00 p.m. – 2:00 p.m.
West Area Service Center, 4150 Wilkinson Blvd.
Page
I.
Introduction
Mayor Foxx
II.
Discuss General Capital
Investment Plan (CIP)
Mayor and City Council
a.
b.
c.
d.
General Comments
Current CIP Proposals
Projects with Common Interest
Projects without Common Interest
Attachments
• Special Budget Meeting Call and
September 14 Letter to City Council
from Mayor Foxx
1
•
Summary of CIP Proposals, Commonalities
and Differences
7
•
Detailed list of CIP Proposals from June 25th
Straw Votes and Budget Adoption meetings
9
•
City Manager’s Prior Recommended
General CIP presentation
15
•
City Manager’s Prior Recommended
General CIP Summary Brochure
49
•
General CIP Projects by Council District
52
•
Economic Impact and Measureable
Outcomes distributed at May 30th
Straw Votes meeting
67
•
Optional, additional fall Budget
Workshop meeting dates/times
75
Distribution:
Mayor and City Council
Curt Walton, City Manager
Leadership Team
Department Directors
Budget and Evaluation Staff
Rd
St
85
Gr
ah
am
INTERSTATE
77
N
o
Neighborhood
Improvement
Project
B
on
y
r
T
N
r o ck
Dr
Ln
Bv
Rd
e
s
Dr
al
y
Ave
twa
awt
hor
H
Dr
Qu
S Kings
Bv
R
d
an
emarle
b
l
A
Rd
dolp h
E
Sou
t
n
h
R
en
e
Prov
i d e nc
d
lv
Mo
n
Rd
ce
en
nd
pe
de
Rd
In roe
Rd
E
Pa rk R d
hColonial Village/
NIP
7t
Ce
n tr
Co
mm
on
we
al
th
St
B
a
az
l
P
Mi l to
St
NIPne
W est Bl vd
Sedgefield
Sha
m
Belmont
Tr
INTERSTATE
277
77
e
e
Av
N
ad
e
Ea
st
Th
n
Land Acquisition
& Street
Connection
INTERSTATE
St
M
athe
so
ds
i
v
a
D
e
Th
Pl aza
on
Streetscapes
cord Rd
n
Co
E WT
Harri s
l vd
Ol d
St
Eas
Bro
Intersection
Improvement
INTERSTATE
Rd
Ford
s
e
i
Be att
Road/
Infrastructure
Projects
ks
hi
re
NIP
ek
Cre
gar
Su
Ave
svill e
S t ate
Sidewalk &
Bikeway
Improvements
Funded CIP 2002-2010
ity
s
r
ive
Council District
Un 1
Woodla
wn Rd
vd
Bl
0
1
Miles
Fairv
i ew
2
Project Status
June 2012
Rd
52
Complete
Ongoing
NIP: Belmont, Colonial
Village/ Sedgefield
Intersection Improvements
Road Widening/Improvements
N
Road Extension
W
E
New Sidewalk
S
Streetscape
Rd
Ford
s
e
i
Be att
0
1
Miles
o
N
re
Ol d
e
Th
Pl
Dr
Central/Eastland/Albemarle
y
Ave
twa
Eas
an
Rd
dolp h
E
Mo
n
e
nd
pe
de
In roe
Rd
nc
Sidewalk & Bikeway
Improvements
Streetscapes
Bojangles/Ovens
Redevelopment
Maintenance
Facilities
Public/Private
Redevelopment
Opportunities
Rd
53
Streetcar
vd
Bl
Land Acquisition &
Street Connection
e
Cross Charlotte
Multi-Use Trail
Rd
Public Safety Facilities
Improvement
emarle
b
l
A
Eastland CTC
Rd
Woodla
wn Rd
Fairv
i ew
Neighborhood
Dr
Ln
H
Rd
e
Qu
h
R
S Kings D
r
Central
Sunnyside
Ave
St
s
e
Prov
i d e nc
Bv
St
Pa rk R d
South
ne
7t
en
r o ck
Bv
Tr
Westover
Division
d
R
N
ad
e
Arena CTC
n
n
so
d
i
Sha
m
e
Av
Gateway
v
Da
St
athe
so
n
N
on
y
Tr
az a
Th
e
St
F
"
M
a
az
l
P
Mi l to
French St
W est Blv
d
cord Rd
n
Co
E WT
Harri s
Brightwalk/
Double Oaks
awt
hor
B
l vd
E
St
JT Williams
Middle
Rd
Bro
ks
hi
S
Gr
ah
am
Rosa Parks CTC
E
Proposed CIP
Council District 1
2
Matheson Bridge, Graham, & Monroe Streetscape Projects
Woodward/24th Street Connection
Streetcar Currently Funded
N
Streetcar Proposed Extension
NECI Project
W
Private Leverage Fund
Existing Multi-Use Trail
Proposed Multi-Use Trail
Northeast Equipment Maintenance Facility
ek
Cre
gar
Su
F
Joint Communications Center
"
Tryon Street Plan - Street Connectivity
Ave
svill e
S t ate
Comprehensive Neighborhood Improvement Program
- Central/Eastland/Albemarle
Police Station in Westover Division
Wilkinson
MT
ll y
Ho
-
Hu
lle
vi
B lvd
oo
k
sh
ire
Br
B
lvd
INTERSTATE
485
Rd
Sun
77
INTERSTATE
W
set R d
G
NIP
ib
bo
n
T
Rd
H ar r i s
Rd
r
ga
Su
Ln
Nevin
s
le
el
zz
Ro
h
St
Funded CIP 2002-2010
Council District 2
Blvd
en
av
llh
Rd
3
a za
on
Tr y
Rd
N
1.5
k
ee
Cr
y
INTERSTATE
n
yo
Tr
277
N
St
McCrorey
Heights
77
INTERSTATE
Lasalle St
Cindy
Ave
l
INTERSTATE
Statesville
om
85
Fe
rr
NIP
de S
t
W
Be
Fr
ee d
NIP
Thomasboro
Dr
W 4th S
t
77
INTERSTATE
0
Miles
ive
Un
ty
rsi
Sidewalk & Bikeway
Improvements
o
Neighborhood
Improvement
Project
Intersection
Improvement
C
Road/Infrastructure
OldProjects
NIP
Land Acquisition &
Street Connection
Streetscapes
54
e
Blvd
Project Status
Blvd
June 2012
Complete
Ongoing
29
or
d
nc
nt
INTERSTATE
485
st
H
w
US
y
C
Albe
Rd
d
Dr
tway
Eas
Rd
Ford
ies
Beatt
Rd
NIP: McCorey Heights, Nevin,
and Thomasboro/Hoskins
Intersection Improvements
Road Widening/Improvements
N
Road Extension
W
E
New Sidewalk
S
Streetscape
Pl
St
T
e
Ne
vin
Gr
ah
am
N
sk
in s
Ho
Rd
e
Oa
kd
a
rs
W Tra
Wilkinson
MT
lly
Ho
-
INTERSTATE
485
om
Bro
hi
re
Rd
INTERSTATE
485
s Rd
Rosa
Parks
CTC
77
INTERSTATE
set R d
Sun
WT
n
Gi
bb
o
Sunset/
Beatties Ford
Cindy Ln
ave n
llh
F re
H a rris
n
Rd
Rd
on
Tr y
St
ed
Rd
W Tra
Streetcar
ive
Un
Streetscapes
Neighborhood
Improvement
Co
ty
rsi
Public Safety Facilities
Old
Proposed CIP
Council District 2
Bl
a za
vd
N
h
Rd
Sunnyside
Ave
3
e ek
Cr
ry
INTERSTATE
F
"
n
yo
Tr
77
Lasalle St
nA
v
Oa
kla
w
INTERSTATE
277
French St
W 4th d e St
St
N
Arena
CTC
Gateway
1.5
r
ga
Su
Ro
z
z
B
e
lle lv
d
s
Fe
r
INTERSTATE
85
W S
ve
tatesvi lle A
D
r
ok
s
H unte r s
Bv
Blvd
West Trade/
Rozzelles Ferry
0
Eastland CTC
55
Be
F
"
Blvd
29
y
or
d
Beatti s
e
H
w
US
nc
rd Rd
o
F
Miles
Dr
tway
Eas
C
Albe
Rd
d
Comprehensive Neighborhood Improvement Program
- Sunset/Beatties Ford
- West Trade/Rozzelles Ferry
Joint Communications Center
N
Graham Streetscape Project
Streetcar Currently Funded
W
E
Streetcar Proposed Extension
S
Streetcar Future Extension
st
Pl
St
T
e
Ne
vi
Gr
ah
am
N
sk
in
Ho
vi
ll e
om
INTERSTATE
D
r
Enderly
Park
INTERSTATE
Cre
Stee
le
Bl
v
r
rte
Po
We
sti
ng
house B
lvd
n
yo
r
T
Ar
ro
wo
o
o l a Rd
T yv
Intersection
Improvement
F ai
NIP
dR
d
INTERSTATE
485
He
bro
INTERSTATE
77
t
0
1.5
Miles
3
56
Complete
Ongoing
On Hold
Rd
Land Acquisition &
Street Connection
Ca
rm
Project Status
June 2012
r
v i ew
Neighborhood
Improvement
Project
Streetscapes
Sharon Rd W
est
n
yo
Tr
Sidewalk & Bikeway
Improvements
Road/Infrastructure
Projects
nS
S
Rd
el
Rd
Rd
ek
San d
W
y
S
am York/Cama
Pk w
y NIP
R
Park Rd
k Rd
St
Rd
ee
le
Shopton
INTERSTATE
Cla 77
nto
n
South Blvd
Rd
n
so
rri
Ga
Cree
m
Bea
Pine
nt
Revolution
Park
Rd
Ty
vo
la
lk e
Rd
Riv
er
ie
ix
D
ah
r
mD
u
r
By
Dr
s
k
Oa
ou
do lp h
an
y
NIP
277
P a rk Rd
kw
Gr
West
d
B i lly
Rd
ch
Chur
nP
INTERSTATE
Ponderosa
Boulevard
Homes
vi
a
D
Rd
liv e
Wallace Neal Rd
a
W
M
tO
rde
NIP
N
NIP
Ferry Rd
n
o
ds
Re m
rs
wd
Ga
N
Blv
d
Do
rd
d
Nations Fo
Ol
W ilkins
on
85
Tr
Th
Tuck
a seege e
NIP: Enderly Park, Pawtucket (Phase 1),
Ponderosa, Revolution Park, & York/Cama
Hw
Intersection
y Improvements
51
NC
Road Widening / Improvements
N
Road Extension
W
E
New Sidewalk
S
Streetscape
Rea
Rd
N
Tod dville
Rd
am
85
Gr
ah
Little Rock
NIP
ed
Fre
INTERSTATE
485
Pawtucket
Phase 1
Funded CIP 2002-2010
Council District 3
lv
d
St
B
es Ford
B eatti
ir
e
Proposed CIP
Council District 3
lv
d
e
Fr e
do
m
INTERSTATE
Gr
ah
Rd
N
Tuck
a seege e
West Trade/
Rozzelles Ferry
INTERSTATE
Ol
d
85
wd
Section I
i
Road/av
D
Infrastructure
N
Projects
ley
Blv
d
Do
n
o
ds
h
As
The Vineyards
@ Lake Wylie
Public Safety Tr
Facilities N
Th
Rd
W ilkins
on
am
85
Dr
Tod dville
Little Rock
INTERSTATE
485
St
B
es Ford
B eatti
ir
e
Ty
vo
la
INTERSTATE
S
Rd
INTERSTATE
W
We
sti
ng
house B
lvd
Ar
ro
wo
o
Freedom
Park
Park Rd
Shopping
Center
Marion Diehl
l
a
o
Rd Park
Tyv
Park Rd South
Park Mall
Park
F ai
rv i ew Rd
South
Natio n
485
Whitehall/Ayrsley
dR
d
77
He
br
on
Park Rd
INTERSTATE
St
Sharon Rd W
est
Rd
Rea
el
Rd
n
yo
Tr
Ca
rm
S
n
yo 77
r
T
Blvd
n
ton
opto
Shop
Sh
SStt
eeee
llee
Berewick
Pine
Pkw
y
m
Bea
Section III
CCrreeee
kkRRdd
Ga
rri
so
n
Rd
D
sF
ord
lk e
Rd
Riv
er
ie
ix
y
d
do lp h
an
kw
R
nR
m
r
mD
u
r
By
Dr
s
k
Oa
Maintenance
Facilities
P a rk Rd
nP
nto
Rd
rde
Westover
Division
Cla
Gr a h a
West
m
nt
Rd
ch
BlvdRd
Section II
Ga
Re
Neighborhood
Improvement
ou
liv e
Chur
Wallace Neal Rd
a
W
M
tO
277
Bi l l y
rs
INTERSTATE
Ferry Rd
Comprehensive Neighborhood Improvement Program
- West
Trade/Rozzelles Ferry
Hw
y
51
Whitehall/Ayrsley
C
Carolina
N
Police Station in Westover Division
Place Mall
0
1.5
Miles
3
57
Garrison Road Extension
Dixie River Road Widening/Improvements
Sweden Rd Maintenance Yard Replacement
N
W
E
S
Funded CIP 2002-2010
Council District 4
Rid
ge R
d
INTERSTATE
485
John n - O e h
sto
le
d
nR
r
o
R
Rd
rd
C
ek
re
Ch
ch
ur
M a ll a
y
d
perit
Pros
arm
De
Rd
INTERSTATE
85
Malla r
INTERSTATE
Ch
485
R
S
U
Bl
vd
H
w
y
k
d
d
B lv
Ba
Complete
Ongoing
On Hold
T H
arr
is
29
d
WW
Project Status
June 2012
Cr
ee
C
ck
Rd
NIP
N
NIP
we
ll
Rd
ald
C
iv e r
yR
Rd
R
R
d
Newell South
Hidden
Valley
Tryon
St
St
N
85
oc
k
INTERSTATE
Creek
Gr
ah
am
Ha
h Rd
rc
T
is Blvd
rr
ar
Su g
ity
ers
v
i
E
Un
W
r e ek C h u
Ci t
Old
ord
C onc
Rd
r
Grie
N
W
E
S
0
1.25
2.5
Miles
NIP: Hidden Valley, Newell South
Intersection Improvements
Road Widening/Improvements
Road Extension
New Sidewalk
Sidewalk & Bikeway
Improvements
Intersection
Improvement
Road/Infrastructure
Projects
Neighborhood
Improvement
Project
58
NIP
Land Acquisition &
Street Connection
Proposed CIP
Council District 4
Prosperity Church Rd
Northwest Arc
Comprehensive Neighborhood Improvement Program
- Prosperity Village
Police Station in University City Division
Road/Infrastructure Projects
Prosperity Village
Rid
ge R
N
New Bridges over I-85
W
Existing Multi-Use Trail
Proposed Multi-Use Trail
S
d
INTERSTATE
Rd
ospe
le
r
rit
Rd
Miles
ch R
ur
INTERSTATE
85
C
Dr
IBM
Ik
e
Rd
85
TH
ar
ri
t
N Tr y
e
Th
n
Ro
d
co
N
S
Co
d
l
O
INTERSTATE
485
Eastern Circumferential/
d
rR
Railroad Bridge
Riv e
rd
St
W
l
s B vd
Rd
Gr
ah
am
ty
rsi
e
n iv E
Blvd
ck
y
a Blvd
n
yL
nd
Ci
ty
Ci
INTERSTATE
on
R
ch
ur
Cree C h
ck
Ba
k
ee
Cr
U
INTERSTATE
485
d
Rd
JWC
y
la
n
Re
re
ek
C
h
G
r
ga
Su
Statesv i lle A v e
se
ar
ch
D
r
77
Ca
ld
we
ll R
d
allar d
INTERSTATE
9
S
d
University City
M
Division
2
Hwy
U
Blv
Harris
er
R
WT
2.5
Ma
d
ib
bo
1.25
l lard
yC
h
W
0
eh
r
o
arm
De
onJoh n st O
d
nR P
Cre
ek
485
Gr
i
a
az
l
P
Public Safety Facilities
Bridge &
Connectors
Streetscapes
Road/Infrastructure
Projects
Neighborhood
Improvement
Informatics &
Innovation Partnership
59
E
Funded CIP 2002-2010
Council District 5
INTERSTATE
NIP
Rd
A mity
Av
e
NIP
Blv
d
Rd
rr i
s
Ha
Sidewalk & Bikeway
Improvements
ild
Rd
Rd
Road/Infrastructure
Projects
W
al
la
ce
vd
E WT
ron
S ha
e
East
Forest
Rd
le w
Id
Bl
e
nc
Rd
de
en
ep
NIP
u
Rd
Eastwoods
d
In
nro
arle
m
e
b
Al
La
wy
ers
E
Mo
ce
Blvd
nt
ra
l
isb
Pe
n
ris
Har
EastwaySheffield
Ce
rg
in s
Rob
Hickory G
rove R d
NIP
Rd
Rd
Church
Ha
rr
NIP
485
on
WT
Grove
Park
P lott Rd
Delta
Lake
E
e
Th
za
Hood Rd
a
Pl
Intersection
Improvement
ret
ga
Ma r
Neighborhood
Improvement
NIP
N
W
E
Project Status
June 2012
S
0
1
Miles
2
60
Complete
Ongoing
Neighborhood
Improvement
Project
NIP: East Forest, Eastway-Sheffield,
Grove Park, Delta Lake, Eastwoods
Intersection Improvements
Road Widening/Improvements
Road Extension
New Sidewalk
Proposed CIP
Council District 5
za
INTERSTATE
P lott Rd
Rd
A mity
In
Ha
rr
Rd
Rd
Bl v
d
Public Safety Facilities
rr i
s
Sidewalk & Bikeway
Improvements
d
il
Rd
Intersection
Improvement
W
al
Independence
Division
la
ce
Rd
E WT
vd
Bl
Rd
Ha
u
Rd
lew
Id
e
Sh a
nc
e
nd
ron
pe
de
!
ce
Central/Eastland/ lbemarle
nt
A
ra
l
Av Albemarle
e
La
wy
ers
isb
Pe
n
Hickory Grove
Division
Mo
nro
e
rg
n
so
Hickory G
rove R d
E
Rd
Rd
Church
n
R obi
Ce
485
Hood Rd
e
Th
a
Pl
re
ga
Mar
Neighborhood
Improvement
t
Streetscapes
Land Acquisition &
Street Connection
Comprehensive Neighborhood Improvement Program
- Central/Eastland/Albemarle
N
W
Police Station in Independence & Hickory Grove Divisions
E
Independence Blvd Redevelopment
S
0
1
Miles
Monroe Road Streetscape
2
61
Idlewild & Monroe Road Intersection Improvement
77
INTERSTATE
Park Rd
Shopping
Center
Freedom
Park
lony
Co
en
r
ve
Rd
Rd
Rd
E
d is
S ar
Rd
51
A l b em
La
Funded CIP 2002-2010
w
y
e
Council District 6
r
w
ollo
l H
ai
Qu
Rd
Colo n y R d
on
Sha r
e
nc
E
No
r th
INTERSTATE
Sidewalk & Bikeway
Improvements
Road/Infrastructure
Projects
Intersection
Improvement
e
Rd
Rd
Intersection Improvements
485
Road Widening/Improvements
New Sidewalk
Rd
nroe
Mo
Vi
Complete
Ongoing
Project Status
June 2012
Sardis
vd
Bl
e
Rd
w
y
Hw
e
nd
pe
de
Fairview
en c
vid
Pro
Rd
d
R
N
E
NC
Ea
2
Blvd
a rr
is
WT
H
In
South
Park
Mall
Rd
W
S
1
h
dolp
Ran
Rd
Park Rd
Park
neagl es
G le
W
Rd
0
Miles
62
Marion Diehl
Park
Tyv
ola
Sharon Rd West
NC Hwy 51
Rea
Park Rd
do
Rd
rm
el
Ca
Sh
ar
on
P ark Rd
INTERSTATE
485
Rd
rm
el
Ca
Blvd
Sou
th
77
INTERSTATE
Freedom
Park
en
r
ve
Rd
Fairview
en c
vid
Pro
Rd
h
dolp
Ran
Rd
N
E
E
d is
S ar
Rd
51
w
ollo
l H
ai
Qu
Rd
Colo n y R d
on
Sha r
nroe
Mo
Rd
E
r th
No
A l b em
e
Rd
Sweden Rd Maintenance Yard Replacement
Proposed Multi-Use Trail
485
INTERSTATE
Park South Drive Extension
Police Station in Park South Division
Maintenance
Facilities
Cross Charlotte
Multi-Use Trail
Public Safety
Facilities
Proposed CIP La
w
y
e
Council District 6
r
is
Sard
e
nc
Vi
S
vd
Bl
e
Rd
w
y
Hw
W
2
e
nd
pe
de
lony
Co
Rd
NC
1
Blvd
a rr
is
WT
H
In
South
Park
Mall
Rd
W
Rd
Park Rd
Shopping
Center
Rd
Park Rd
Park
neagl es
G le
d
R
0
Ea
Miles
63
Marion Diehl
Park
Tyv
ola
Sharon Rd West
Park
South
Division
NC Hwy 51
Rea
Park Rd
do
Rd
rm
el
Ca
Sh
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Road Widening / Improvements
New Sidewalk
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Council District 7
INTERSTATE
485
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June 2012
Complete
Ongoing
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Questions and Answers
May 16 Budget Adjustments
Question 3: What is the economic impact of the recommended Capital Investment Plan
(CIP)?
The City’s CIP serves as a local economic stimulus tool that will create jobs and benefit
the local economy. Government spending on infrastructure projects has a ripple effect
throughout the economy. Every dollar put into circulation is recycled multiple times as it
passes down from taxpayer to employer to employee to local businesses. This multiplier
factor is what allows the City’s investment in infrastructure to be expansionary on the
local economy.
City staff utilized the most recent federal Bureau of Economic Analysis Regional InputOutput Modeling System (RIMS) Type II Data to determine the cumulative effects on
total industry output, earnings, and employment within Mecklenburg County that would
be derived directly from the City’s capital expenditures and construction of infrastructure
projects. RIMS Type II multipliers account for direct and indirect economic impact based
on the supply of goods and services in the region (Output Impact), and for induced
impact associated with the purchases made by the local workforce (Earnings Impact).
Using the RIMS II analysis, every $10 million of annual construction spending will
potentially result in $18.0 million of Output Impact, $4.1 million of Earnings Impact, and
the support of 123 jobs. This analysis shows that the $926.4 million total capital
program could provide a total of $1.7 billion in Output Impact, $383.7 million in
Earnings Impact, and the support of 11,409 jobs over the entire period of construction
for the program. Attachment# 2 is a representation of the potential impact of each of
the projects over its construction period. It should be noted however, that these
potential impacts are the result of a standardized formula based on general assumptions
about capital infrastructure projects. Actual economic impacts won’t be known until
specific project designs and scope have been fully developed and the projects are
underway.
To get a general sense of the ultimate economic impact of the completed projects once
they are operational, staff analyzed data from the Federal Bureau of Economic Analysis
that calculates the economic effect of government spending on the wider economy. This
analysis shows that the economic impact of the City’s capital investments can be
substantial, with a multiplier factor between $5.71 and $13.20 per government
investment dollar. Applying this multiplier to the proposed $926.4 million capital
program would yield between $5.3 billion and $12.2 billion in comprehensive economic
impact on the economy.
Staff further reviewed various projects in the proposed $926.4 million capital program to
identify other economic and non-economic outcomes that can be estimated from
activities and development opportunities created by the completion and implementation
of the proposed projects. Attachment# 3 provides a summary listing of those identified
outcomes.
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68
Proposed Capital Program for Bond Years 2012 - 2018
RIMS II Input-Output Data Type II Analysis of Economic Impact
Capital
Spending
Output*
Impact
Earnings**
Impact
INVESTING IN CORRIDORS
Airport/West Corridor
$
43,000,000
$
77,185,000
$
17,810,600
Spine Dixie Berryhill Infrastructure (New Garrison Road)
30,000,000
53,850,000
12,426,000
Southern Dixie Berryhill Infrastructure (Widen Dixie River Road)
13,000,000
23,335,000
5,384,600
East/Southeast Corridor
92,000,000
165,140,000
38,106,400
Land Acquisition and Street Connections
25,000,000
44,875,000
10,355,000
Monroe Road Streetscape
10,000,000
17,950,000
4,142,000
Bojangles/Ovens Area Redevelopment
25,000,000
44,875,000
10,355,000
Public/Private Redevelopment Opportunities
20,000,000
35,900,000
8,284,000
Idlewild Road/Monroe Road Intersection
4,000,000
7,180,000
1,656,800
Sidewalk and Bikeway Improvements
8,000,000
14,360,000
3,313,600
Northeast Corridor
170,000,000
305,150,000
70,414,000
Research Drive - J.W. Clay Connector over I-85 (North Bridge #1)
15,000,000
26,925,000
6,213,000
University Pointe Connection - IBM Drive to Ikea Blvd (South Bridge #2)
14,500,000
26,027,500
6,005,900
102,500,000
183,987,500
42,455,500
Applied Innovation Corridor
28,000,000
50,260,000
11,597,600
UNCC Informatics and Innovation Partnership
10,000,000
17,950,000
4,142,000
24,900,000
44,695,500
10,313,580
5,000,000
8,975,000
2,071,000
11,600,000
20,822,000
4,804,720
Park South Drive Extension
8,300,000
14,898,500
3,437,860
26-Mile Cross Charlotte Multi-Use Trail
35,000,000
62,825,000
14,497,000
Streetcar Extension (Bonds and COPs*)
119,000,000
213,605,000
49,289,800
Sidewalks and Pedestrian Safety
60,000,000
107,700,000
24,852,000
Traffic Control and Bridges
48,000,000
86,160,000
19,881,600
Upgrade Traffic Signal System Coordination
15,000,000
26,925,000
6,213,000
Upgrade Traffic Control devices
19,000,000
34,105,000
7,869,800
Repair and Replace Bridges
14,000,000
25,130,000
5,798,800
Northeast Corridor Infrastructure (NECI)
INCREASING CONNECTIONS
Road/Infrastructure Projects
Prosperity Church Road NW Arc
Eastern Circumferential/Railroad Bridge
IMPROVING COMMUNITIES
Public Safety Facilities
124,500,000
223,477,500
51,567,900
Joint Communications Center
64,000,000
114,880,000
26,508,800
6 Police Division Stations
56,500,000
101,417,500
23,402,300
4,000,000
7,180,000
1,656,800
30,000,000
53,850,000
12,426,000
21,750,000
39,041,250
9,008,850
8,250,000
14,808,750
3,417,150
60,000,000
107,700,000
24,852,000
120,000,000
215,400,000
49,704,000
926,400,000
$ 1,662,888,000
Land Purchase for Future Fire Stations
Maintenance Facilities/Customer Service
Sweden Road Maintenance Yard Replacement ($30 m total for Sweden & NE Facility)
Northeast Equipment Maintenance Facility
Affordable Housing
Comprehensive Neighborhood Improvement Program (Complete Communities)
Total
$
* Output Impacts account for direct and indirect economic impact based on the supply of goods and services in the region
** Earnings Impact accounts for the induced economic impact associated with the purchases made by local workforce
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$
383,714,880
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Northeast Corridor Infrastructure (NECI)
NECI improvements consist of new sidewalks, new street connections,
streetscape enhancements, bicycle facilities, connections to greenways,
pedestrian safety projects, landscaping, and lighting to complement the Blue
Line Extension. These projects will support economic development and
redevelopment similar to what has occurred along the South Corridor. These
investments are a key component to realizing the economic development
benefits associated with station area development.
Northeast Corridor
Research Drive-J.W. Clay Connector over I-85 (North Bridge)
This new bridge over I-85 will increase access to University Research Park
and assist with the development of 700 acres of currently undeveloped land.
The fully developed land would bring new office space to the area and create
additional taxable investments for the City.
Bojangles/Ovens Redevelopment
Redevelopment will create a destination-defining amateur sports complex
capable of hosting major events. A study conducted in February 2012 on
behalf of the Sports Commission entitled “The Economic Impact of Sports
and Sports Events on the Charlotte MSA Economy”, calculated the current
economic impact of amateur sports in Charlotte at approximately $233
million per year. Staff estimates that the redevelopment of Bojangles/Ovens
will increase amateur sports activity by 20% to 25%.
East/Southeast Corridor
Public/Private Redevelopment Opportunities
The express purpose of this program is to leverage private investment and
job creation throughout the East/Southeast Corridor and to serve as a
catalyst for redevelopment of underutilized land and vacant commercial
property. Staff estimates a 10:1 leverage ratio for the City’s investment.
PROJECT
Airport/West Corridor
Dixie Berryhill Infrastructure supporting Intermodal Facility
The two road projects in the Airport/West Corridor will support development
associated with the Intermodal Facility, helping to leverage private
development, economic growth, jobs, and tax base growth over the next 20
years.
• 3.6 miles of new streets
• 84 intersections improved
• 11 miles new bike lanes
• 20 miles of new or improved sidewalks
• $280 million additional investment tax base
• 10,000 new jobs
• 3.5 million square feet of new office space
• 540 – 675 new jobs
• $50 – $60 million economic impact
• 20% to 25 increase in amateur sports activity
• $200 million in new development
• $625 million tax revenue
• 5,000 new jobs
• $9 billion economic impact
• $90 million private investments
ECONOMIC IMPACT/MEASURABLE OUTCOMES
Recommended Capital Investment Program
Summary of Economic Impact and Measurable Outcomes
72
Streetcar Extension
The proposed streetcar extension would add a 2.5 mile segment between the
Charlotte Transit Center and Johnson C. Smith University (French Street) to
the west, and between Presbyterian Hospital and Sunnyside Avenue to the
east. The new segment will include 11 stop locations connecting business,
residential, entertainment, educational and employment centers. This 2.5
mile segment will bring the streetcar extension to 4 miles of the total 10 miles
planned for the overall streetcar system corridor, and will help move the
system closer to reaching its projected higher tax revenue impact at full build
out.
26-Mile Cross Charlotte Multi-Use Trail
The Cross Charlotte Trail will have significant transportation, recreation, and
economic development benefits. Within one mile of the trail there are over
142,000 residents, 15.6 million square feet of retail, 40.2 million square feet
of office space, and 35.6 million square feet of industrial activity. The trail will
connect key destinations, including Carolina Place Mall, Park Road Shopping
Center, NoDa arts and entertainment district, Metropolitan Mixed Use Village,
and Charlotte Center City.
Applied Innovation Corridor
This effort focuses on targeted economic growth and industry recruitment in
an applied innovation corridor extending from Center City to UNCC.
Commercial and residential development along this corridor would close the
gap between Uptown/South End and the University, linking and leveraging
the City’s business assets and government support with its academic and
research capital. Streetscape and street realignments included in this project
will create more viable retail locations and potentially a “town center”
concept. Staff estimates a 10:1 leverage ratio for the City’s investment.
UNCC Informatics and Innovation Partnership
The immediate expected impact of this facility will be to increase federally and
industrially funded research and development in the Charlotte region. Over a
five to ten year horizon, the increased research will generate dozens of new
inventions and ideas for next generation informatics products and
biotechnology companies. This facility will also support direct growth in the
number of skilled informatics workers in Charlotte. In the medium term, this
facility will lead to the formation of entirely new types of knowledge worker
jobs in Charlotte, and in the long term will contribute to a new sector of
knowledge intensive informatics companies.
PROJECT
9% to 14% increase in multifamily housing
34,000 to 40,000 square feet additional retail
space
35,750 to 53,120 square feet additional
office space
50% to 70% higher tax revenue at full build
out
•
•
•
•
21% to 28% increase in single family housing
•
• Strong potential for new commercial and retail
development
• Expected increase in property values (TBD)
• Dozens of new companies in the long term,
serving national and international markets
• 1 to 2 new companies or products per year
in the medium term
• $2 million per year in immediate federal and
industrial research funding
• $280 million in new development
ECONOMIC IMPACT/MEASURABLE OUTCOMES
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Comprehensive Neighborhood Improvement Program (CNIP)
The new CNIP program will continue to focus on Area Plans, but will look
beyond boundaries of residential areas for opportunities to enhance
collaboration with public/private partners and leverage multiple investments
in neighborhoods. The five proposed community areas were selected in part
to stabilize and improve residential housing markets and to take advantage
of the availability of strong private sector development partners.
6 Police Division Station
The six police division stations will be located along main thoroughfares that
will be easily visible to the public - in the heart of the areas that they serve,
enhancing police ownership of the issues in their service areas and
facilitating the relationship between police and the community. This
strategic location and increased visibility of police divisions has been shown
to have a positive impact on service response and crime reduction in
Charlotte. Currently, two of CMPD’s thirteen patrol divisions, Metro and
Providence, have moved into division stations built by the City. Since
moving into its new station in September 2009, Metro Division has
experienced decreases in response times to all categories of calls for service,
and both Metro and Providence divisions have reported decreases in crime.
Public Safety Facilities
Joint Communications Center
The Joint Communications Center is expected to house 911 communications
for Fire and Police, the Fire Emergency Management’s Emergency Operations
Center, 311 Communications, and a consolidated Datacenter. The physical
consolidation of these operations, along with a virtual consolidation of the
E911 phone system, will reduce the time needed for transfers and incoming
911 calls and eliminate annual operating costs for separate facilities.
PROJECT
• New commercial and retail development
• Expected increase in property values (TBD)
• 10% to 30% decrease in crime
• 5% to 10% reduction in response times to
Priority 1 emergency calls
• Annual cost savings of $705,549 from
eliminated facility leases
• Up to 45 second reduction in Call handling
time
ECONOMIC IMPACT/MEASURABLE OUTCOMES
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OPTIONAL, ADDITIONAL FALL BUDGET WORKSHOP DATES
In the event that additional Budget Workshops are desired, the following dates are proposed:
•
Tuesday, October 30th (12:00 – 2:00 p.m.) at the Belmont Service Center
•
Thursday, November 15th (2:00 – 4:00 p.m.) at the CMGC Room CH-14
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