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Streetcars & Cities in the 21 st Century.

Streetcars & Cities in the 21 st Century. Charlotte, North Carolina October 11, 2007. Elizabeth Avenue. Johnson & Wales University. CPCC: Central Campus Master Plan. CPCC: Central Campus Master Plan. Presbyterian Hospital. Elizabeth Avenue (before). Elizabeth Avenue (planned).

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Streetcars & Cities in the 21 st Century.

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  1. Streetcars & Cities in the 21st Century. Charlotte, North Carolina October 11, 2007

  2. Elizabeth Avenue

  3. Johnson & Wales University

  4. CPCC: Central Campus Master Plan

  5. CPCC: Central Campus Master Plan

  6. Presbyterian Hospital

  7. Elizabeth Avenue (before)

  8. Elizabeth Avenue (planned)

  9. Elizabeth Avenue @ Hawthorne Avenue (planned)

  10. Elizabeth Avenue : Projected Build Out Retail 250,000 SF Office 200,000 SF Medical Office 250,000 SF Residential 1,000 Units Hotel 200 Rooms Parking 4,000 Spaces * Does not include adjacent corridor development

  11. Elizabeth Avenue: Projected Valuation Metrics Baseline Tax Value (2003) $31,582,110 Projected Tax Value $350,000,000 % Value Increase 1,008% Projected Annual Property Tax $4,540,550 Total Annual Sales Tax Revenue $5,625,000 1/2 Cent Transit Tax Component $375,000 10 yr Property Tax Revenue $52,052,317 10 yr Total Sales Tax Revenue $64,484,321 10 yr Transit Tax Revenue Component $4,298,955

  12. Central Avenue / Barnhardt TOD

  13. Central Avenue @ Hawthorne Avenue

  14. Sugar Creek Greenway Recreation & Open Space Transit Oriented Mixed-Use Development Belmont Neighborhood Plaza - Midwood Neighborhood Seigle Point Mixed-Income Community Mixed-Use Development Corridor Central Avenue Streetcar Transit Loop Elizabeth Neighborhood Central Avenue, Hawthorne Avenue, Barnhardt TOD & Adjacent Areas (Potential)

  15. Barnhardt TOD : Projected Build Out Retail 120,000 SF Office 250,000 SF Residential 950 Units Parking 2,550 Spaces * Does not include adjacent corridor development

  16. Barnhardt TOD: Projected Valuation Metrics Baseline Tax Value (2003) $3,795,800 Projected Tax Value $220,000,000 % Increase 5,696% Projected Annual Property Tax $2,854,060 Total Annual Sales Tax Revenue $2,250,000 1/2 Cent Transit Tax Component $150,000 10 yr Property Tax Revenue $32,718,599 10 yr Total Sales Tax Revenue $25,793,728 10 yr Transit Tax Revenue Component $1,719,582

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