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Figure 59 PDA Readiness Criteria Worksheet PDA name: Oakland MacArthur Station Version: Amended # Readiness Criteria Category # Sub-Criterion Name Present (2012) PDA Development Readiness Scoring 2020 2030 2040 Notes D Market and Investment Attractiveness 1 History of real estate investment in PDA and surrounding city 2 Recent Local Development Activity 0.10 0.05 0.00 0.00 0.00 0.00 Census shows over 800 units were built in PDA from 2000-2010, while more significant projects occurred in nearby Downtown areas. Census shows 7,500+ units built within 2 miles from 2000-2010, indicating market interest in the general vicinity. Modest median incomes ($54K) do not necessarily reflect achievable housing price points. 2012 survey says 1,138 new units in the pipeline, including numerous infill projects (50-100 units) in addition to Transit Village. A-178 3 General Market Conditions 4 Financial Feasibility Constraint 5 Parcel size and configuration 0.05 0.05 0.05 0.25 0.15 0.05 0.05 0.05 0.05 Economically diverse PDA that has undergone significant but farfrom-complete gentrification. Low median income reflects long-time residents more than the market profile of new buyers/renters. Though achievable home values and rents are reasonable and multifamily housing has been accepted and well-performing (rents and vacancies), virtually all new development in this corridor must occur on sites with existing uses and ongoing cash flow. Largest opportunity site is the MacArthur BART station property, planned for over 600 units. Eventual end of buildings' useful life will facilitate longer-term development. Few large parcels, and most sites have already been developed. EPS amendment assumes City can assist with parcel assembly through re-introduction of Redevelopment-type powers and funding sources. 6 Existence of major investment disincentives 0.10 0.05 0.05 2010 survey identifies crime and schools as deterrents to market. Area's gentrification is likely to continue, potentially improving both of these disincentives. Economic & Planning Systems, Inc. 3/26/2013 Page 3 of 4 P:\121000\121113MTC\Readiness_Assessment Process\PDA Readiness Assessment\DS_Readiness Assessment_032513
Figure 59 PDA Readiness Criteria Worksheet PDA name: Oakland MacArthur Station Version: Amended # Readiness Criteria Category # Sub-Criterion Name Present (2012) PDA Development Readiness Scoring 2020 2030 2040 Notes E Infrastructure Capacity, Needs, and Financing 1 Existing infrastructure capacity 0.00 0.00 0.00 2010 survey identifies sewer capacity as a potential constraint, and impact fee may be insufficient. 2010 survey identified $139M of investment need, but nearly half ($65M) was for affordable housing subsidies, and $38M was shown to have been funded already. 2 Is there an existing CIP funded or other infrastructure financing plan in place? 0.05 0.00 0.00 Oakland has had political problems creating impact fees to fund infrastructure. Only has sewer and jobs/housing fees. Has no traffic or public art or parks or stormwater fees or inclusionary housing. Council typically opposes fees to be "business friendly," but then City often doesn't have resources to fund needed infrastructure. Projects contribute to local needs, but Citywide projects always funded by grants and bond measures. A-179 3 PDA financing capacity Unfunded infrastructure needs from 2010 survey appear to be ~$20K/unit, which is generally reasonable. 0.00 0.00 0.00 Economic & Planning Systems, Inc. 3/26/2013 Page 4 of 4 P:\121000\121113MTC\Readiness_Assessment Process\PDA Readiness Assessment\DS_Readiness Assessment_032513
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Draft March 2013 Strategy for a Sus
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Final Report PDA Readiness Assessme
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1. REPORT SUMMARY AND FINDINGS Plan
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Table 1 Summary of PDA Readiness As
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PDA Readiness Assessment Final Repo
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2. STUDY BACKGROUND Over the past s
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3. PDA DEVELOPMENT READINESS ASSESS
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Table 2 Capacity Assessment for Sel
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Table 3 PDA Readiness Criteria Work
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Table 3 PDA Readiness Criteria Work
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5. POLICY ACTIONS TO IMPROVE DEVELO
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A-1 Units 18,000 16,000 14,000 12,0
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Figure 2 PDA Readiness Criteria Wor
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3,000 2,500 Figure 33: Antioch Hill
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