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Strategy for a Sustainable Region Priority ... - One Bay Area

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Figure 34<br />

PDA Readiness Criteria Worksheet<br />

PDA name: Milpitas TASP PDA Version: Baseline<br />

#<br />

Readiness<br />

Criteria Category<br />

# Sub-Criterion Name Present (2012)<br />

PDA Development Readiness Scoring<br />

2020 2030 2040 Notes<br />

A<br />

PDA Housing<br />

Capacity<br />

Estimate<br />

1 Estimate of current local<br />

land use policy new housing<br />

capacity 6,136<br />

See "Capacity Assessment for Selected Priority Development Areas"<br />

2 Plan Bay Area new housing<br />

allocation<br />

7,080<br />

The increment of new housing allocated to the PDA in Plan Bay Area<br />

A-100<br />

Capacity surplus or<br />

3<br />

(shortfall)<br />

4 Estimated increased<br />

capacity through likely<br />

changes to land use policy,<br />

including any initiative-based<br />

density restrictions<br />

(percentage change to<br />

existing capacity)<br />

(944)<br />

0% 0% 0%<br />

Difference between estimated housing capacity (2012) and allocation<br />

Current policy may not adequately incentivize redevelopment of a<br />

sufficient number of existing commercial uses<br />

5 Estimated gross housing<br />

capacity at each period 6,136 6,136 6,136<br />

6<br />

Sum of Capacity<br />

Constraint Coefficients<br />

0.60 0.40 0.10<br />

7 EPS estimate of housing<br />

production given<br />

constraints<br />

8 Percentage of PDA 2040<br />

housing allocation<br />

accommodated<br />

Summary<br />

2,454 3,682 5,522<br />

34.7% 52.0% 78.0%<br />

The TASP Area is poised to transform into a vital transit-oriented neighborhood given the new BART Station and the recently adopted<br />

Specific Plan. Phase 1 development, roughly half of development capacity, should be developed in next 5 to 10 years. Phase 2<br />

development, largely occurring on existing developed properties, will take longer to evolve. Lack of redevelopment powers and funding will<br />

impede this Phase 2 development.<br />

Economic & Planning Systems, Inc. 3/26/2013 Page 1 of 4 P:\121000\121113MTC\Readiness_Assessment Process\PDA Readiness Assessment\WK_Readiness Assessments\All_WK_Sample032513

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