INGLEWOOD TRANSIT CONNECTOR PROJECT€¦ · 14/08/2020 · inglewood transit connector inglewood’s historic transformative investments la stadium and entertainment district: $4.8

INGLEWOOD TRANSIT CONNECTOR PROJECT

20201

INGLEWOOD TRANSIT CONNECTOR

AGENDA

1. Overview of City’s Historic Transformation

2. Background on Inglewood Transit Connector Project

3. Current ITC Project Refinements

4. ITC Project Delivery and Funding Strategy

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INGLEWOOD’S HISTORIC TRANSFORMATIVE INVESTMENTS

LA STADIUM AND ENTERTAINMENT DISTRICT: $4.8 billion LASED MIXED-USE / RETAIL CENTER

INGLEWOOD BASKETBALL & ENTERTAINMENT CENTER:

$1.6 billion

THE FORUM: $100 million

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LOS ANGELES SPORTS AND ENTERTAINMENT DISTRICT (LASED)

• State-of-the-art NFL SoFi Stadium (72k seats)

• Performing arts venue (6k seats)

• Public parks and open space (~25 acres), pedestrian walkways, and bike paths

• New retail space (850k+ sf)

• New office space (750k+ sf)

• New residences (2,500 units)

• New hotel (300 rooms) 4


TRANSIT-ORIENTED DEVELOPMENT (TOD) + AFFORDABLE HOUSING• New TOD Plans will increase density around

new Metro Crenshaw/LAX transit stations

• Downtown Inglewood and Fairview Heights Plan

• Westchester/Veterans Plan

• Crenshaw/Imperial Plan

• New Measure H funded affordable/ supportive housing under construction with co-developers Linc Housing and National CORE adjacent to Metro Fairview Heights Station

• Total of 101 units; 50 units for formerly homeless, 50 units for households earning between 30-80% of the area median income, and one manager’s unit

• The City's density bonus ordinance goes beyond state requirements to incentivize even more affordable housing units.

• City has most affordable housing units per capita anywhere in South Bay region! 5


WORLD CLASS SPORTS, ENTERTAINMENT AND EMPLOYMENT CENTER

• SoFi Stadium | Summer 2020

• WrestleMania 37 | March 2021

• Super Bowl LVI | February 2022

• NCAA Championship | 2023

• Los Angeles Clippers | Fall 2024

• FIFA World Cup | Fall 2026

• Olympic Games | Summer 2028

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JACKSONVILLEATLANTASAN FRANCISCO

BALTIMORE HOUSTON SEATTLE

LOS ANGELES MINNEAPOLIS CLEVELAND

WORLD CLASS CITIES HAVE WORLD CLASS TRANSIT CONNECTIONS

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EXPO LINE

CRENSHAW LINE

FUTURE LAWA APM

GREEN LINE

GOLD LINE

RED LINE

PURPLE LINE

BLUE LINE

LACK OF DIRECT REGIONAL TRANSIT CONNECTION TO CITY’S GROWTH CENTER

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CITY STUDIED TECHNOLOGY OPTIONS: AUTOMATED PEOPLE MOVER (APM) SYSTEM

Common characteristics for APMs around the country are:

• Elevated guideways to eliminate interference with surface roads

• Automated system - driverless technologies can be operated at shorter (more frequent) headways

• Very short wait times at stations (3 minutes or less)

• Ability to meet peak hour ridership (line capacity)

• Electric-powered cars that will improve air quality and reduce traffic congestion

LAS VEGAS MONORAIL

BART AT OAKLAND INTERNATIONAL AIRPORT

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Alignment Alternatives

Option A – Market-Manchester

Option B – Fairview Heights

Option C – Arbor Vitae

Option D – Century Boulevard

Guiding Principles for Preferred Plan:

• Proximity to major City venues (traffic generators)

• Available City amenities to event-based riders

• Avoid/minimize traffic impacts – elevated

alignment

• Preserve future expansion opportunity

• Robust intermodal and transit connectivity

• Activate Downtown Inglewood (Market Street) &

create synergy with City’s economic development

goals

ENVISION INGLEWOOD – BUILDING ON PRIOR METRO STUDIES

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• ~1.6-mile elevated automated people mover system with three stations connecting to: • Metro Crenshaw/LAX Line• Downtown Inglewood / Market Street• The Forum• Los Angeles Stadium and Entertainment District (LASED)• Inglewood Basketball and Entertainment Center (IBEC)

• Transit system can accommodate 9,000-12,000+ passengers per hour at peak hours

• Project includes a maintenance and storage facility along Manchester Blvd and joint development opportunity at Market Street

REFINED PROJECT DESCRIPTION

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VIEW FROM METRO STATION PLATFORM

MARKET STREET STATION CONNECTION TO METRO

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MARKET STREET STATION JOINT DEVELOPMENT

• Proposed uses include ~600,000 square feet of mixed income and affordable housing, commercial uses, parking, and pick-up and drop-off services 14


● Projected annual ridership on the Inglewood Transit Connector Project:

ESTIMATED RIDERSHIP FOR TIRCP APPLICATION

Year Event Non-Event Total Unlinked Trips2026 4,601,841 2,358,157 6,959,9982076 7,931,575 5,974,535 13,906,110

Year Total VMT Reduction2026 30,023,6752076 67,434,551

Project Lifetime 2,322,426,448

● Projected annual vehicle miles traveled reduction generated by the Inglewood Transit Connector Project:

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● Projected Total GHG Emission Reductions: 768,922 (MTCO2e)


LASED JOBS & ECONOMIC OUTPUT

• NFL SoFi Stadium construction: • Generated a total of 22,600 full and part-

time jobs, which includes 3,000 jobs a day, 7 days a week

• Projected to generate $3.8 billion in total combined direct, indirect, and induced economic output within the Inglewood economy

• The Stadium operations and associated activities will:• Create 10,753 full and part-time jobs• Generate $911 million within the Inglewood

economy• Generate more than $39 million per year in

general fund tax revenues; and• Create an estimated $25 million in tax

revenues, and by year 25 tax revenues are expected to grow to $46.5 million

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ITC WILL CREATE GOOD JOBS IN CITY AND LA REGION

• 9,759 full-time equivalent jobs supported by the Project budget per Job Co-Benefit Modeling Tool from CCI and CARB

• Total of 38,326 new jobs by 2040 within a half mile of the ITC Project’s stations

• Total number of construction work force for the ITC Project is roughly 580-690

• The ITC Project will generate approximately 150 full-time jobs for the operation and maintenance of the APM.

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SB 535 DISADVANTAGED COMMUNITY AND AB 1550 LOW INCOME COMMUNITY

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PROJECTED SCHEDULE AND COST ESTIMATES

ITC Project Cost Estimates

Design and Construction $686 M

Owner Soft Costs and Contingencies $212 M

Right-of-Way Acquisitions $105 M

Financing Costs $13 M

TOTAL $1.016 B

Operations and Maintenance (annual) ~$17.5M

Project Milestones Target DatesCertification of CEQA EIR and Entitlements March 2021

Acquisition Process March 2021 – November 2021Award DBFOM Contract December 2021Design and Construction December 2021 – May 2026

Testing and Commissioning October 2025 – May 2026Start of Passenger Service May 2026

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SOURCES OF FUNDS

Funding Sources Amount (in millions) PercentageTIRCP (approved) $95.2 9.4%SBCCOG Measure R Funds (approved, available by June 2021) $233.7 23.0%Infrastructure Impact Fees / Real Estate Developer Contributions $110 10.8%City Funds (commitments in progress) $131 12.9%Private Developer Financing $445.8 43.9%

TOTAL $1,016 100%

Metro / South Bay Cities Council of

GovernmentsProject Generated

Infrastructure Impact Fees / Real Estate Developer Contributions

City Funds

Measure R South Bay Highway ProgramFunds

● Farebox (variable pricing for event and non-event ridership)

● Corporate Sponsorship● Advertising● Joint Development

● Parking surcharge/tax during events

● Employee transit payments● Admissions Tax/Surcharge● Access management fees (during

events)● Mitigation package(s)

● Local Business Tax● General Property Tax● Sales Tax ● Short term rental tax (e.g. Airbnb)● TNC and Shuttle Bus access fees● Digital Billboard Advertising

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WIDESPREAD SUPPORT FOR ITC PROJECT

● Senator Dianne Feinstein

● Congresswoman Maxine Waters

● Senator Steven Bradford and Senator Holly Mitchell

● Assemblymember Sydney Kamlager-Dove and Assemblymember Autumn Burke

● Los Angeles County Supervisors Mark Ridley-Thomas, Janice Hahn and Hilda-Solis

● City of Los Angeles, City Council Resolution; City of El Segundo, Mayor Drew Boyles; City of Carson, Mayor Pro Tem Cedric L. Hicks Sr.

● Los Angeles Rams and Chargers, Stadco Stadium

● Metro, Phil Washington, Chief Executive Officer

● 2028 Olympics Committee, Casey Wasserman

● Caltrans, Los Angeles Department of Transportation, Los Angeles World Airports, South Coast Air Quality Management District, South Bay Cities Council of Government, UCLA, SCAG

● LA/OC Building Trades, Southwest Regional Council of Carpenters, Coalition for Clean Air, MoveLA, Los Angeles Cleantech Incubator, and other labor groups, environmental groups, transit advocates, and City stakeholders including homeowner associations, block groups and local church organizations 21


THANK YOU

Questions / Answers22

Documents

INGLEWOOD TRANSIT CONNECTOR PROJECT€¦ · 14/08/2020 · inglewood transit connector inglewood’s historic transformative investments la stadium and entertainment district: $4.8