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Southern California's Real Estate and Transportation Outlook 2009

Explore the demographic trends, economic challenges, and the impact of new mandates on regional transportation and land use planning in Southern California in 2009. Learn about the infrastructure investments, innovative financing methods, and major revenue sources shaping the region's future.

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Southern California's Real Estate and Transportation Outlook 2009

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  1. Regional Transportation & Land Use IREM / BOMAReal Estate Forecast Breakfast 2009 Rich Macias, DirectorRegional & Comprehensive PlanningSouthern California Association of GovernmentsJanuary 29, 2009

  2. Largest Metropolitan Planning Organization in US 6 counties 188 cities18.5 million people8 million jobs

  3. Demographic Trends SCAG region is expected to add 5.5 million persons between 2008 and 2035: • Growth concentrated in 15-34 and 55+ age groups leading to a greater “dependent population” • Immigrants and their children will replace aging baby boomers in workforce Both trends will transform the region’s housing and labor markets and require policy and industry responses.

  4. Southern California’sEconomy & Quality of Life -Challenged by: Air Quality &Public Health Traffic &Infrastructure Housing Affordability

  5. New Challenge: Climate Change A.B. 32 & S.B. 375: New mandates fortransportation & land use planning Future growth will need to utilize transportation system more efficiently to: - Reduce Vehicle Miles Traveled (VMT) - Reduce G.H.G. Emissions

  6. Regional Planning Response • Targeted infrastructure investments • Innovative financing methods • Coordinated land use planning

  7. Infrastructure Investments2008 Regional Transportation Plan $531.5 billion • Highways – close gaps & add lanes • Transit & Rail – move people efficiently • Goods Movement – move freight faster & cleaner (nominal dollars)

  8. 2. Innovative Financing New$120.1B(23%) Federal$41.6B(8%) Local$286.5B(54%) State$83.4B(16%) $531.5 Billion (Nominal)FY2007 – FY2036 (Note: Numbers may not add due to rounding)

  9. Major New Revenue Sources $120.1 billion(23%)

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