OPPORTUNITIES FOR THE NEBRASKA INNOVATION ZONE

OPPORTUNITIES FOR THE NEBRASKA INNOVATION ZONE

OPPORTUNITIES FOR THE NEBRASKA
INNOVATION ZONE
Nebraska Innovation Zone Commission
Beltline Images
I-80 undeveloped land – truck
weighing station (Waverly)
Lincoln Parking Lots
Linoma Beach aerial
Linoma Beach at grade
Platte River aerial
Omaha 1925 11th St. @ Howard
/ Omaha 2002 11th St @ Howard
Ashland, RR Station + Barnes Oil
Co. Service Station (Merchants
Bank)
Vacant landmark, Greenwood
Vacant general store, South Bend
RR Rock Island
Greenwood aerial RR.
TRANSPORTATION CAPACITIES
Transportation Capacities
30-Minute Travel Times
Mode of Transport
Distance
Speed
SUBWAY (regular service)
15 miles
30+ mph
20,000
LIGHT RAIL
15 miles
30 mph
3,000
BUS (dense city traffic)
1.5 miles
3 mph
750
BUS (suburban streets)
4 miles
8 mph
1,200
7.5 miles
15 mph
3,000
BUS RAPID TRANSIT (BRT)
Capacity
Bronx subway service map / vacant
map
Existing Max FAR
(Assuming
residential use
permitted on all
sites)
New DU's on
soft sites 25%
or less than
Max FAR
New DU's on
soft sites 50%
or less than
Max FAR
Bronx Soft Sites map 10-40,000
new DUs
100 ft corridor
10,389
14,617
1/4 mi corridor
29,652
43,720
Beltline Images
Branding Atlanta’s “Beltline Emerald Necklace”
Power of an Idea: Beltline
“An ‘Emerald Necklace’ May Grace Urban Atlanta”
- October 24, 2005
“With Emerald Vision, seeking to reinvent Atlanta”
- March 9, 2005
“Atlanta Strings a New ‘Emerald Necklace’”
- January 27, 2005
“Atlanta Transit Loop is a Vision in Green”
- December 19, 2004
Physical Feasibility
Physical: CSX rendering + aerial
Financial Feasibility
Financial: Cost Estimates
TAX INCREMENT FINANCING
(over 25 years)
$20 – 30 billion
Projected Private Development
$2 – 3 billion
Projected TIF Revenue
$1.3 – 1.7 billion
CONSERVATIVE BOND ISSUE
COST ESTIMATES
(in millions)
Right-of-way Acquisition
Beltline Trail Development
Beltline Transit Development
$50 – 100
$25 – 30
$600 – 1 billion
Open Space Development
$275 – 350
Workforce Housing
$250 – 325
Infrastructure
$300 - 400
TOTAL DEVELOPMENT COSTS
$1. 5 - $2.2 billion
Political: Waterworks
Political Feasibility
Clear Image
Clear Image: Beltline
Emphasis on Design
Quality Design: Quarry
Unique I-80 Brand = Waverly +
Greenwood
Ashland, National Bank of Ashland
(Lutton Law) / Havelock