Resolution 6396 - Laserfiche WebLink

Page 9 of 19 ELEMENT B:TOD COMPACTS AND TRANSIT CORRIDOR ACTION STRATEGIES This element is organized around identifying and supporting detailed action strategies and equitable transit-oriented development"compacts"(agreements)in selected existing and planned high capacity transit corridors in the region. The purpose of these compacts will be to ensure that transportation agencies, local governments, neighborhoods, businesses,stakeholders, residents, public health agencies, and other decision-makers are taking the necessary steps to implement the region's vision for sustainable development, and to increase the commitment to facilitating transit-oriented development associated with the high capacity transit. Compacts are expected to take a variety of forms based upon need,from informal agreements, memoranda of understanding,to resolutions enacted by local jurisdictions or agencies. Task B.1 Regional TOD Vision. Convene a wide variety of stakeholders, interests, and decision-makers for a regional workshop/event. Clearly identify, present, and agree to common regional principles and policies regarding transit corridor planning and implementation.These principles will be drawn from adopted regional policies,what we have learned from monitoring progress in our region, as well as existing research, publications and guidance developed in this and other regions.5 The purpose of the event will be to gain broad agreement and increase the visibility and commitment for transit- oriented development in high capacity transit corridors and station areas throughout the region.A second important outcome from the event will be to energize and kick off work in three high capacity transit corridors.The Oversight Committee will oversee this task. • Task B1.1: Develop and compile equitable TOD principles(May-August 2011) • Task B1.2: Conduct regional TOD compact kick-off workshop/event(September 2011) • Task B1.3: Prepare summary report on outcomes. Present report to Committees/Corridor Task Forces (December 2011) • Task B1.4: Conduct regional TOD compact closing workshop/event(Fall 2013) Metrics and Results: Consolidated summary of equitable TOD principles;event with 250-400 participants;greater awareness of regional VISION and long-range growth and development strategies;enhanced perspective of benefits of regional approaches to growth management; better understanding by participants of equity implications of growth and development;general agreement on high-level TOD principles; creation of transit-oriented-development champions; and kick-off LINK light rail corridor TOD compacts and action strategies. Task B.2. Corridor Action Strategies.The purpose of this task is to convene inter-jurisdictional, multi-stakeholder task forces for the three Sound Transit LINK light rail investment corridors to enhance coordinated decision-making. Task forces will analyze and review existing conditions, and identify unique opportunities and challenges.They will develop broad agreement on corridor action strategies as a basis for achieving the regional transit-oriented development(TOD) vision via corridor-specific guiding principles and approaches.Work will include data-based analyses of existing transit and demographic conditions in the corridors, and the development and transmittal of recommendations for how to accelerate the scope and scale of transit-oriented development.The work will identify regionally significant development opportunities and strategies for catalyzing high quality, equitable transit-oriented development in these areas.The grant will provide jurisdictions,transit agencies, and other stakeholders support in determining how best to use high capacity transit to link residential communities with regional employment centers, and support participating jurisdictions in adopting land use policies that encourage equitable TOD and the preservation and development of affordable housing and commercial space.Activities will result in the development of corridor-based compacts among affected jurisdictions, communities, agencies, and other stakeholders. Corridor compacts and strategies will create a common vision of the unique roles and opportunities at each of the station areas within the corridors, and identify specific issues, priorities, and potential projects. 5 Source examples:VISION 2040(PSRC,2008);Transportation 2040(PSRC,2010);Regional Economic Strategy(PSRC,2005);VISION 2040 EIS(2008);Transportation 2040 EIS (2010); Transit Oriented Communities: A Blueprint for Washington State (Futurewise, Transportation Choices Coalition and GGLO, 2009); Urban Centers and Transit Oriented Development in Washington State(QGA,Wolfe, Symington,2009); Creating Transit Oriented Communities in the Central Puget Sound Region:A Transit Oriented Development Workbook(PSRC,1999) Page 9 Cooperative Agreement Instrument No.WARIP0042-10