Art. And so those are just some of the highlights of the things they really noted as the best praks on the projects so i will have the report for the board in december. And finally i want the board to know that we have been working throughout the year as we have in years past on the rail extension on the project we have been working with the rail and the federal Rail Administration and we hear about the work and the advances on the engineering on the bath front and updated the cost and schedule and reviews the various delivery methods as a path forward to delivering the project. We have been asked, how can we deliver the extension and what are the options and you will be hearing about the various objections and sources later in the presentation. I should add that some time ago we briefed the board on a study that we asked sifel consulting to conduct. What benefits will come as a result of having a new Transit Center with the buses and rail and marks and the report has been completed an
And here you see a graphic that you have probably seen many times before, and it shows the 1. 3 mile extension from the current terminal of the cal tran to the new Transit Center and you see on the graphic an outline of the Downtown Core and we saw a circle showing the area that we are going to see the benefits that maria was describing that are outlined in the report that you just received and the new neighborhood that the Transit Center is helping to create. And one thing to note, about this graphic is that it provides a visual illustration of how necessary the dtx is and if you look at the Census Bureau figures, if the half mile radius, there are 180,000 jobs compared to if you look at the half mile radius in the current terminus, 19,000 jobs and it just speaks to the needs and getting people where they need to go. And so, in terms of the purpose of the dtx, this is all, information that you are well aware of. And extending the cal train and enter city rail and the high speed rail i
Significant milestone, in terms of putting in place, the first major component of our phase two funding plan and those are revenues that flow from the Transit Center and district plan as all of you recall it was enacted last august and as part of the plan it allows for the up zoning of certain parcels on the planning area and up zoning allows for the developers to build the taller buildings and they are worth more money and so that is a significant benefit to the developers and in exchange, the developers are required to pay Certain Property taxes and impact fees. And so, the city is working to put in place, formation legislation, that will set the rate and method of aportion for the special property taxes and they are taking the lead on that and the plan is to introduce that legislation some time in the next few months, and in addition to the reasons that maria was mentioning we thought that now was an appropriate time to provide the. And the plan going forward, and potential Revenue
Enter city rail and the high speed rail into the new Transit Center and you see two numbers there, 1. 3 miles and 1. 95 miles and i will explain the difference between the two numbers, during the next slide and we want to enhance the connectivity of the cal trans and the other systems. And the other trail and the vehicle miles traveled. And the vehicle emissions and improved the air quality and the increase of Property Values that we were just discussing and it was also very important to us that the dtx be designed and constructed in a way that accommodates the citys future goals specifically reported to the interest that there is in eventually, bringing the tunnel that or the tracks that bring cal tran and high speed rail to the city are undergo on Mission Bay Drive and 16th street and you will see in the present that ising that we have designed the dtx so that the goals be able to be accommodated when the funds are found. And so the new slide and this was referring earlier the differ
The up zoning of certain parcels on the planning area and up zoning allows for the developers to build the taller buildings and they are worth more money and so that is a significant benefit to the developers and in exchange, the developers are required to pay Certain Property taxes and impact fees. And so, the city is working to put in place, formation legislation, that will set the rate and method of aportion for the special property taxes and they are taking the lead on that and the plan is to introduce that legislation some time in the next few months, and in addition to the reasons that maria was mentioning we thought that now was an appropriate time to provide the. And the plan going forward, and potential Revenue Sources and the project delivery methods that we are looking at. We are going to run through the dtx and did a status update on the award that was so far and we talked about the delivery options and we will give a quick refresher of the memorandum of understanding that