Grand Boulevard Initiative Featured at Silicon Valley Business Journal Forum on Commercial Real Estate
The Grand Boulevard Initiative was featured at the Silicon Valley Business Journal's "The Business of Commercial Real Estate" forum on April 14, 2016. The panel discussed the past, present, and future of the critical El Camino Real regional link and examined the possibilities and challenges it faces.
For more information, visit the event webpage.
State Bicycle and Pedestrian Plan: Provide Input to Shape the Future of the El Camino Real Corridor
The process is underway to develop the first-ever California State Bicycle and Pedestrian Plan, which will be a visionary and comprehensive policy plan to support active modes of transportation and to increase safe bicycling and walking in California. The plan will guide the State in developing an integrated, multi-modal transportation network for all users, including: bicycle and pedestrian accommodation on the State Highway System where appropriate; connections to intercity rail and public transportation; and support for local government efforts to develop safe active transportation networks.
Caltrans is seeking public input to inform the development of the Plan. Take a moment and provide your feedback via the online survey. Your input could help shape the future of the El Camino Real Corridor!
Click here to access the survey and learn more about the State Bicycle and Pedestrian Plan.
Value Capture Presents Options for Corridor Transportation Projects
The Metropolitan Transportation Commission (MTC) has provided a new path for funding in Plan Bay Area 2040: value capture. Value Capture is the term used to describe a system whereby a government agency taking steps that increase the value of local property can share in that increase. Property owners agree to pay an assessment to fund projects such as roads, street lighting, parking or like improvements, and see property value increases that allow them to recover more than the cost of the assessment.
Projects that are not fully funded can now include value capture revenue opportunities as a funding source, and can be included in the Plan Bay Area 2040 Regional Transportation Plan. MTC published a Value Capture Toolkit, prepared by Strategic Economics, designed to encourage the use of value capture for projects included in Regional Transportation Plan.
Redwood City Adopts Affordable Housing Impact Fee Program
Following their participation in the San Mateo County Grand Nexus Study, the City of Redwood City adopted an Affordable Housing Impact Fee Program October 26th.
City Council adopted staff recommended fees ranging from $5 to $25. The fees will be used to develop and rehabilitate housing in Redwood City that is affordable for lower income households, and is expected to generate more than $3 million per year. A second reading of the ordinance is scheduled for the December 7th City Council hearing, at which point the program will be finalized.
Click here for more information.
Grand Boulevard Initiative Featured in San Francisco Business Times
The Grand Boulevard Initiative is attracting attention - San Francisco Business Times published an article about the Initiative’s efforts to transform the El Camino Real Corridor into a people friendly place. The article discusses the many challenges this effort inevitably faces as a collaborative, inclusive forum, and also highlights new development projects along the Corridor. Grand Boulevard Initiative Task Force Members and staff provide insight on transforming the Corridor to be safe and accessible for all users, share challenges and successes with current mixed-use projects, and highlight the importance of El Camino Real.
Click here to learn more about the Grand Boulevard Initiative and the hard work of the many participants who are working to transform El Camino Real.
To Relinquish or Not to Relinquish? State Route 82 Relinquishment Exploration Study Provides Information to Aid Informed Decisions
The Metropolitan Transportation Commission (MTC)-funded State Route 82 Relinquishment Exploration Study investigates the Caltrans relinquishment process, potential benefits, and estimated costs associated with relinquishing State Route 82 (El Camino Real) from state ownership to the individual local jurisdictions.
The Study examines the Caltrans relinquishment process, analyzes case studies of recent highway relinquishments, including a portion of The Alameda in San Jose, and assesses the existing conditions along El Camino Real to determine cost estimates of relinquishment. The Study specifically looks at 20 miles of El Camino Real from the I-880 Interchange in San Jose to State Route 84 in Redwood City and provides information and analysis for communities and stakeholders in Santa Clara and San Mateo counties, as well as other cities in the Bay Area, to make informed decisions about relinquishment of state highways to local jurisdictions.
Check out the Study here: https://www.hightail.com/download/bXBZZHlzckk1UjRPd3NUQw