How Does the LSTAR
Effort Fill a Central
Texas Need?
•
Originally 16 stations at
full service (up to 22 with split
stations service)
•
32 round trips a day at full
service
•
118 miles of passenger rail; San
Antonio north to Georgetown
Urban Freight Rail
Bypass
•
30+ through freight
trains per day rerouted to
Urban Freight Rail Bypass
•
80+ miles of new freight rail line
from Seguin to Taylor
•
40+ miles of improved freight
rail line from San Antonio to
Seguin
1
2040 TWG “Vision” or
Preferred System
•
Adds service to 7 cities
•
Vision has 10 Cities
connected via LSTAR
•
Also connects to South
Central Texas - San
Antonio
New Braunfels
Schertz
San Antonio
LSTAR – Broad Based Regional Benefits
Mobility
•
Link to region’s activity centers
•
Congestion proof & predictable service
•
Reduces growth in traffic demand
Economic Development
•
Induces and focuses development within
activity centers
•
Anchors investment/property values
•
Retains competitive advantage
Community Development
•
Reinforces community identity/brand
•
Aligns with community plans/goals and relocates most freight trains
•  Mobility options and affordable community service delivery
•  Safety and aids in air quality attainment
3
Economic Development/Community Planning Issues
•  Delayed/Late Joining community impacts:
•  Level of connectivity to regions activity/employment centers
•  Local private development decisions impacted
o  Interim developments may lock-in non-transit dev.
o  Interim developments may limit life style choices
o  May limit revenue growth & lower affordability
•  Economic development may go to other locations
•  LSRD capital resources allocated first to participating communities
o  Rail system extensions or additions compete against other system
investments
•  Community may have capital investment and/or catch-up funding
impacts
4
LSTAR Funding
1.
Regional approach to local
rail service
2.
Hays County Station
Locations:
3.
•
Buda
•
Kyle
•
San Marcos (2)
Kyle Transportation
Infrastructure Zones (TIZ):
•
ACC/Plum Creek
location
5
LSTAR Stations in Central Texas
Travis Co
Originally Proposed (9 Stations)
-  Austin - McNeil Junction *
-  Austin - Braker Lane
-  Austin - 35th & MoPac *
-  Austin – Downtown
-  Austin - Slaughter Lane
Hays Co.
Williamson County
- Kyle *
- San Marcos –
Downtown *
- Georgetown
- Round Rock –
Downtown *
Additional Proposed (5-6 Stations)
-  Austin - Parmer Lane *
- Buda *
-  Austin - Anderson Lane *
- San Marcos –
Centerpoint Rd. *
- Round Rock –
Avery Ctr. *
Bold text – indicates stations currently under local funding agreements
* Split Service Stations – rail operations of one station split between two stations
6
LSRD Split Service Station Concept
Split operations of one station into two stations
•
•
•
•
•
Buda & Kyle
San Marcos
Round Rock
Austin
Austin
Downtown & ACC Campus
Downtown & Centerpoint Area
Downtown & Avery Center
Parmer & McNeil Junction
35th St. & Anderson Ln.
7
Kyle Station at
ACC Campus
•
City of Kyle map
8
LSRD Station Planning
•  Location Planning Criteria:
o  Multi-modal Access
o  Site Configuration
o  Economic Development
o  Transit Supportive Land Use
o  Environmental Issues
9
Economic Impact Evaluation – Capital Market Research
Market Impacts:
•  General/Multi-use Office
•  Multi-Family
•  Townhome/Condo
10
Economic Impact Evaluation – Capital Market Research
11
Kyle Station at
ACC Campus
Transportation Infrastructure
Zone (TIZ)
•
Used to provide tax growth
increment funding for rail O&M
•
Undeveloped parcels only
participate for prorated portion
within ½ mile of a potential station
12
Kyle Station at
ACC Campus
Transportation Infrastructure
Zone (TIZ)
•
Limited or non participating areas
−  Tax exempt
−  TIRZ
−  380 econ. dev. agreement
13
Plum Creek - Area 7 TOD Impact Est.
AREA 7 Proforma Tax Base Based on PID * Use of Property Acreage of Tract in Raw Land Value Per Value Per Acre Fully Ques?on SF Developed Annual Tax Revenue to City Total Value Tax Rate: 0.5483 Currently zoned as Industrial 20 $ 1.00 $ 1,016,787 $ 20,335,744 $ 111,501 Zoned as TOD 20 $10.00 $ 5,000,000 $ 100,000,000 $ 548,300 * Above informa9on Provided by Plum Creek Development. The $1,1016,787 is based on Financial Analyst es9mates of the finished value per acre of Industrial Development. The $5,000,000 is a rough es9mate of high density residen9al (wrap) or urban office product that would exist at a TOD. % Growth from Industrial Use to TOD (Rail Induced) % of TOD Value Increase of Total Value 392% 80% 14
Economic Impact Est. & Proposed TIZ Participation
Market Evaluation
•  General/Multi-Use Office
•  Multi-Family
•  Townhome/Condo
Est.
Normal
Growth
50%
7%
Est. Rail
Influenced
Growth
43%
100%
TIZ Participation
50%
Est. Normal
Growth
14%
Est. Rail
Influenced
Growth
86%
100%
15
Project Timeline – Passenger & Freight Rail Service
Local funding is the gateway to capital funding from public and private
sources.
Local
Funding
Capital Funding
Construction
Commissioning Operations
Design
Timing
•  Capture value from land speculation, zoning and other entitlements
•  New development influenced by rail opportunity
•  Local funding necessary to secure capital funding
•  Helps reduce through freight in community downtowns & neighborhoods
16
Next Steps
Lone Star Rail District is requesting:
•
City of Kyle begin consideration of a
local funding agreement with LSRD by
end of April 2014.
17
Thank you
for your support!
www.LoneStarRail.com