WHY THE UNDERLINE? ECONOMIC IMPACT Increase property value, job - - PowerPoint PPT Presentation

▶
why the underline
SMART_READER_LITE
LIVE PREVIEW

WHY THE UNDERLINE? ECONOMIC IMPACT Increase property value, job - - PowerPoint PPT Presentation

Mar 09, 2024 364 likes •885 views

WHY THE UNDERLINE? ECONOMIC IMPACT Increase property value, job creation, attract & retain talent ALTERNATIVE TRANSPORTATION & SAFETY Attract new users to transit, provide safe alternative Transportation Solution PUBLIC SPACE Adding

slide-1
SLIDE 1
slide-2
SLIDE 2

WHY THE UNDERLINE?

ECONOMIC IMPACT Increase property value, job creation, attract & retain talent ALTERNATIVE TRANSPORTATION & SAFETY Attract new users to transit, provide safe alternative Transportation Solution PUBLIC SPACE Adding over one hundred acres open space PUBLIC ART & PROGRAMMING Civic Engagement

slide-3
SLIDE 3

WHY THE UNDERLINE?

HEALTH IMPACT Promote mobility, mobility, recreation CONNECTIVITY Miami-Dade Parks Regional trail system masterplan ECO-TOURISM Serve as a destination for bicyclists and tourists SUPERLATIVE The longest biking, walking corridor in the country running below transit

slide-4
SLIDE 4

IT TAKES A VILLAGE

Public Private Partnership

Miami-Dade County – Parks, Recreation & Open Spaces Department Transportation & Public Works Department FTA, FDOT, State of Florida Miami Dade Metroropolitan Planning Organization Rails to Trails Cities of Miami, Coral Gables, South Miami Friends of The Underline 501C3

slide-5
SLIDE 5
slide-6
SLIDE 6

MPATH/ECG

slide-7
SLIDE 7

22 MILES+ OFF-ROAD CONNECTED URBAN TRAILS

Atlanta Beltline

The Atlanta Beltline is the largest trails-and-transit infrastructure project in the USA. Only a fraction is complete, but the Beltline has already had billions of dollars of economic impact. Imagine the transforming potential of a “Miami Loop.”

Ludlam Trail

Miami-Dade Loop

slide-8
SLIDE 8

A SAFE HAVEN FOR WALKING & BIKING

slide-9
SLIDE 9
slide-10
SLIDE 10
slide-11
SLIDE 11
slide-12
SLIDE 12
slide-13
SLIDE 13
slide-14
SLIDE 14
slide-15
SLIDE 15
slide-16
SLIDE 16
slide-17
SLIDE 17
slide-18
SLIDE 18
slide-19
SLIDE 19
slide-20
SLIDE 20
slide-21
SLIDE 21
slide-22
SLIDE 22
slide-23
SLIDE 23
slide-24
SLIDE 24
slide-25
SLIDE 25
slide-26
SLIDE 26
slide-27
SLIDE 27
slide-28
SLIDE 28
slide-29
SLIDE 29
slide-30
SLIDE 30
slide-31
SLIDE 31
slide-32
SLIDE 32
slide-33
SLIDE 33
slide-34
SLIDE 34
slide-35
SLIDE 35
slide-36
SLIDE 36
slide-37
SLIDE 37
slide-38
SLIDE 38

HEALTH IMPACTS

  • Over 50% of Miami-Dade County residents

don’t exercise 20 minutes/day

  • Car-centric design
  • Walk, bike, take transit, it’s good for your

health

  • Exercise decreases risk of major disease
  • Incorporating Active Design Principles into

standards & requirements for adjacent development

slide-39
SLIDE 39

THE UNDERLINE

What we have done What we need to do

slide-40
SLIDE 40
slide-41
SLIDE 41

ACCOMPLISHMENTS

Incorporated 501C3 non-profit Jan. 2014 Master Plan Cost Estimate Economic Impact Study Management & Maintenance Plan NEPA Compliance Design Phase 1 Brickell

slide-42
SLIDE 42

BUILD THE UNDERLINE First phase – Brickell Backyard

$7.250 Million for construction raised: Miami-Dade County $3 Million State of Florida $2 Million City of Miami $1 Million FDOT $1 Million Knight Foundation $250,000

slide-43
SLIDE 43

BUILD THE UNDERLINE Additional commitments

CITY OF MIAMI Up to $50 Million from park impact fees from nearby development GABLES STATION DEVELOPER Will build 1/3 mile in Coral Gables TRANSIT ORIENTED DEVELOPMENT Douglas Road, Coconut Grove and South Miami Stations SOUTH MIAMI HOSPITAL PARK

slide-44
SLIDE 44
slide-45
SLIDE 45

FUNDING & USES

TEN-MILE TRAIL $80 MILLION 75% public grants, 25% private 36 INTERSECTION IMPROVEMENTS $20 MILLION 100% public grants THREE MILES OF DESTINATION PARKS $20 MILLION 100% private

slide-46
SLIDE 46

CREATE VALUE & ROI

  • $3 Billion pipeline of new development near

corridor

  • $450-$600 million incremental assessed value
  • $180-$260 million in new tax revenue over 20

years

  • $170 million in total economic output during

construction

  • $50 million in economic activity annually after

completion

  • 1,400 jobs from construction & operations
slide-47
SLIDE 47

#TRANSFORM MIAMI

MIAMI SPENDS LESS ON PARKS THAN PEERS

$80 per resident/yr vs. $160/resident in San Jose, New York, LA, Austin

URBAN AMENITIES ATTRACT BUSINESS & TALENT

Quality of life assets including parks and cultural attractions attract high-impact industries and Information tech and creative design workers

slide-48
SLIDE 48

COMPARABLE PROJECTS

slide-49
SLIDE 49

COMPARABLE

Atlanta Beltline

Total Beltline: 22 miles planned, 6 miles built Transforming Atlanta “A Soulless Parking Lot” $3 billion investment, 1 Million+ users/year $14 Million/mile

Chicago 606

Total 606: 2.7 miles Opening day: 50,000 people attended $35 Million/mile

Indianapolis Cultural Trail

Total Cultural Trail: 8 miles 30’ wide

$865 Million economic impact 11,000 jobs $8 Million/Mile

slide-50
SLIDE 50

THANK YOU!

www.theunderline.org @theunderlinemia #transformmiami #underlinemiami #biketheunderline #lovetheunderline