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Figure 7 PDA Readiness Criteria Worksheet PDA name: Redwood City Downtown Version: Baseline # Readiness Criteria Category # Sub-Criterion Name Present (2012) PDA Development Readiness Scoring 2020 2030 2040 Notes B Planning and Entitlement Criteria 1 Displacement of existing stable residential neighborhoods 0.00 0.00 0.00 2 Time required and difficulty in obtaining entitlement: institutional capacity and jurisdictional track record A-20 0.00 0.00 0.00 C Community Support 1 Elected official support for proposed PDA use types and densities during past 3 years 0.00 0.00 0.00 2 History of neighborhood opposition 0.00 0.00 0.00 Economic & Planning Systems, Inc. 3/26/2013 Page 2 of 4 P:\121000\121113MTC\Readiness_Assessment Process\PDA Readiness Assessment\WK_Readiness Assessments\All_WK_Sample032513
Figure 7 PDA Readiness Criteria Worksheet PDA name: Redwood City Downtown Version: Baseline # Readiness Criteria Category # Sub-Criterion Name Present (2012) PDA Development Readiness Scoring 2020 2030 2040 Notes D 1 Market and Investment Attractiveness History of real estate investment in PDA and surrounding city 0.00 0.00 0.00 2 Recent Local Development Activity 0.00 0.00 0.00 A-21 3 General Market Conditions 0.00 0.00 0.00 4 Financial Feasibility Constraint 5 Parcel size and configuration 6 Existence of major investment disincentives 0.50 0.30 0.20 0.30 0.30 0.30 Financial feasibility constraint is mainly related to the need to displace existing commercial uses; even while underutilized, implied land assembly costs may limit feasibility of residential and mixed use projects. High development costs associated with prevailing wage requirements and high water table exist. Finally, small lot sizes may also be a constraint for market-based projects. Average parcel sizes are small and would require assembly to allow typical multifamily or mixed use project. Also, a significant proportion of properties in the Downtown are owned by the County or other public agencies limiting parcel assembly and redevelopment potential. 0.00 0.00 0.00 Economic & Planning Systems, Inc. 3/26/2013 Page 3 of 4 P:\121000\121113MTC\Readiness_Assessment Process\PDA Readiness Assessment\WK_Readiness Assessments\All_WK_Sample032513
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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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Metropolitan Transportation Commiss
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