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UID:54@laigw.org
DTSTART;TZID=America/Cambridge_Bay:20220923T120000
DTEND;TZID=America/Cambridge_Bay:20220923T133000
DTSTAMP:20220916T041026Z
URL:https://www.laigw.org/events/2253/
SUMMARY:Register Now.  LAIGW Monthly Meeting:Learn about Metro's Strategic 
 Plan for Joint Development
DESCRIPTION:At the September LAIGW meeting\, members will be able to learn 
 about Metro's Metro first ever Strategic Plan for Joint Development\, a de
 tailed roadmap to increase private development opportunities on Metro-owne
 d land. The bold 10-year initiative establishes a goal to execute 20 joint
  development agreements by 2032\, strengthening coordination with local ju
 risdictional partners and streamlining processes for private development p
 artners.\n\n To register\, go to this link on Eventbrite.  Deadline for 
 registration is September 20.\n\nMetro’s joint development program is cr
 itical to its mission to provide safe\, reliable\, and affordable transpor
 tation and delivers valuable benefits for Metro and the region by:\n\n 	In
 creasing Metro ridership from new residents\, workers\, and visitors\;\n 	
 Generating new revenue from fares and real estate proceeds that support Me
 tro’s operations\;\n 	Fostering sustainable regional growth and competit
 iveness by creating new housing and business opportunities near transit\; 
 and\,\n 	Generating new state and local taxes on formerly undeveloped and 
 tax-exempt land.\n\nMetro’s remaining joint development portfolio includ
 es future opportunities at 40 stations. Development of these sites could m
 ultiply the program’s impact to date by producing:\n\n 	31 million squar
 e feet of new development\n 	26\,000 new housing units\n 	9 million new an
 nual Metro trips and $40 million in annual Metro fare revenue\n 	$50 milli
 on in annual lease revenue to Metro\n 	$340 million in new annual tax reve
 nue to local and state jurisdictions\n\nThe presentation will be made by S
 teven Segerlin\, Director of Planning\, for WMATA’s Office of Real Estat
 e and Parking.
CATEGORIES:Events
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