Federal Highway Administration (FHWA) EDC5: Value Capture
Dates: December 15, 2020 - 12:30 pm to 4:00 pm (Eastern)
Workshop Location: Teams meeting:
Exchange Host: Federal Highway Administration, EDC-5 Value Capture Implementation Team
Length of Workshop: 3.5 Hours
Workshop Purpose: To discuss Value Capture key economic development tools with potential for the I-375 Improvement Project, including the presentation of three successful projects.
Contact: Thay Bishop, CPA, CTP; Senior Program Advisor, FHWA Center Innovative Finance Support; thay.bishop@dot.gov or 404-562-3695 for additional information
Tuesday, December 15, 2020
Time | Topic |
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12:30 p.m. | Welcome and Overview
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12:45 p.m. | I-375 Improvements Overview and Background
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1:00 p.m. | Economic Development Tools (1:00 pm to 1:40 pm) Federal Funding and Economic Development Assistance including Opportunity Zones: (1:00 pm to 1:15 pm)
Michigan Opportunity Zones: (1:15 pm to 1:40 pm)
Making the Business and Economic Case (1:40 pm to 2:00 pm.)
|
2:00 p.m. | Break (5 minutes) |
2:05 p.m. |
Freeway to Boulevard Projects Interstate Withdrawal process (2:05 pm to 2:15 pm)
Alaskan Way Viaduct Replacement Program, Seattle, Washington: The use of creative funding strategies (Local Improvement District, philanthropy, etc.) to revitalize Seattle’s historic waterfront as part of replacing an elevated section of SR99 with a tunnel, multimodal surface transportation improvements, parks and public open spaces. (2:15 pm to 2:45 pm)
Park East Freeway, Milwaukee, Wisconsin (removal of a .8-mile section of elevated highway and reestablishment of an urban street grid). (2:45 pm to 3:15 pm)
Inner Loop Expressway, Rochester, New York (elimination of a .5 miles Expressway and reconstruction of Union Street). (3:15 pm to 3:45 pm)
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3:45 p.m. | Wrap Up and Next Steps |
4:00 p.m. | End of Meeting |