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FS Transit Oriented Development<br />
Iw Status Report 20<strong>07</strong><br />
terways or man made barriers such as cloverleaf style interchanges projects on the periph<br />
ery have been excluded The transit station<br />
influence on a particular development decision<br />
is clearly more tenuous in the latter case than in the former<br />
<strong>RTD</strong> has designated development projects using four status levels<br />
Completed projects have already been built<br />
Under construction projects are currently being built<br />
Proposed projects are either in some phase of the development review process with<br />
a local government jurisdiction or have detailed development programs already<br />
articulated for each type of use by the developer<br />
Expected projects have been announced by a developer or local jurisdiction but<br />
have not yet been submitted for review or do not yet have detailed development<br />
programs<br />
Some of the latter phases of built under construction and proposed<br />
projects are classified as expected since their final buildout depends<br />
market conditions<br />
While some proposed projects will be changed based on the review process<br />
conditions expected projects are even more speculative<br />
on future<br />
and market<br />
In an effort to represent actual<br />
market conditions rather than best case scenarios <strong>RTD</strong> has mapped the completed under<br />
construction and proposed projects but not the expected projects even if they<br />
tailed development programs<br />
have de<br />
Development along the FasTracks corridors is tracked beginning in November of 2004 when<br />
the ballot initiative was passed Similarly development along the Southeast corridor is<br />
tracked beginning in November of 1999 when the ballot initiatives to fund the TREX project<br />
were passed It is reasonable to assume that the public commitment to fund these transit<br />
projects removed enough uncertainty for developers to begin planning real estate projects in<br />
the vicinity of expected stations<br />
The starting point for inclusion of development in the vicinity of stations along <strong>RTD</strong> s original<br />
Central Corridor which began operations in October 1994 is 1996 Since it was Denver s<br />
first operational fixed guideway rail corridor in nearly 45 years<br />
the Central Corridor was<br />
unlikely to influence development decisions until its success became apparent <strong>RTD</strong> has ac<br />
counted for this uncertainty with atwo year lag between corridor opening and inclusion of<br />
any nearby development in the TOD database All development projects included in the TOD<br />
database for the Southwest Corridor were tracked since the beginning of service in 2000<br />
All projects included for the Central Platte Valley Spur were tracked since 2001 when <strong>RTD</strong><br />
acquired<br />
Union Station<br />
Information in <strong>RTD</strong> sTOD database is gathered from a variety of sources including<br />
Published or broadcast news reports<br />
Meetings and interviews with individual real estate developers<br />
Draft 1 26 December 20<strong>07</strong><br />
Rev 2
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