CHICAGO CENTRAL AREA ACTION PLAN Chicago is Awesome! April 20, Central Area Action Plan

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1 CHICAGO CENTRAL AREA ACTION PLAN Chicago is Awesome! April 20, 2010

2 Implementing Central Area Plan 2003 Central Area Plan Defined a vision for the next generation of the Central Area Identified key projects Guided zoning reform 2008 Updates development trends Refines goals and projects Prices and prioritizes projects Identifies funding needs and phasing

3 Committee & Task Force Structure Steering Committee Patricia Scudiero John Buck Urban Design, Waterfront & Open Space John Syvertsen Transportation Ralph Weber Luann Hamilton Economic Development & Land Use Mary Ludgin

4 Central Area Growth & Development Trends

5 Population & Demographic Trends The Central Area s population was estimated to be 165,500 at the end of 2007, an increase of nearly 54,000 since the 2000 Census. By 2020, the population of the Central Area is forecast to be between 215,000 and 230,000. By 2020, growth of 4,500 to 6,000 jobs per year is estimated to push Central Area employment between 630,000 and 650,000.

6 Development Trends Base Case Scenario Opportunity Scenario Total Addition to Supply Annual Average Office (SF) 1,600,00 2,200,000 15,135,000 1,892,000 Retail (SF) 250, ,000 3,160, ,000 Residential (Units) 1,800 2,200 33,464 4,183 Student Housing (Beds) , Hotel (Rooms) ,

7 Office Development Map shows buildings completed since 2001 and under construction. Office market began a period of recovery in 2006 with positive absorption, dropping vacancy rates, and stable or rising rents. Several large office buildings are under construction, but few new projects are likely to start until the economy recovers. Average annual demand is forecast to be 1.2 to 1.5 million square feet. The supply is not constrained since identified prime office development sites and available space in existing buildings could accommodate approximately 25 million square feet.

8 Residential Development Map shows residential projects completed since 2001 and under construction. Residential development outpaced the forecast of the 2003 Central Area Plan An annual average of 4,200 new housing units has been added since Current conditions suggest that an annual average of 2,600 to 3,300 new housing units will be added each year through 2020.

9 Map of Existing and Proposed Schools within and adjacent to the Central Area

10 Hotel Development Map shows new and underconstruction hotels Hotel development fell slightly short of the base case projections made in 2000 due primarily to 9/11. Millennium Park boosted visitation and spurred hotel development, particularly in the Central Loop. Current economic conditions are likely to stall some of many proposed hotel projects. An annual average of 500 to 700 new hotel rooms is now forecast.

11 Retail Development Map shows retail projects completed since 2001 or under construction. Nearly 400,000 square feet were added annually from 2000 to 2007 in major projects such as NorthBridge and retail components of smaller mixed-use buildings. The emerging retail corridor along Roosevelt Road accounts for much of the new retail. 108 North State, New City Y site, and Sullivan Center are among the retail projects underway. The number of new grocery stores reflects demand from the growing residential base. Future retail development is expected to range from 250,000 to 350,000 square feet per year.

12 Institutional Development Map shows new or under construction cultural and educational facilities, churches, government buildings, visitor attractions, and medical facilities. Schools of higher education played an important part in South Loop and Central Loop development. New culture venues were added and existing facilities expanded. State-of-the-art medical facilities continue to strengthen Streeterville.

13 Maintain the Central Area as the Center of Regional Growth Market Sector Growth Benchmarks, Projected Average Annual Growth Population Employment Office (SF) Retail (SF) Cultural (SF) Residential (Units) Student Housing (Beds) Hotel (Rooms) Base 4,200 4,500 1,200, ,000 85,000 2, Opportunity 5,300 6,000 1,500, , ,000 3,

14 Economic Development and Land Use Goals Maintain Chicago s position as the economic engine of the region Enhance urban vibrancy and utilize the existing infrastructure by supporting dense residential development Reduce Chicago s carbon footprint by implementing cutting-edge environmental practices and green building techniques Enhance parks, corridors and waterfronts for residents, workers, students and visitors Better connect to the world through O Hare and Midway airports and the regional rail network Strengthen Chicago's ties to the North American economy through efficient freight movement. Support the growth envisioned by the plan by investing in transit. Frame a city/state/federal capital investment plan supplemented by private participation. Coordinate public planning by incorporating the Central Area Action Plan into the regional transportation plan, Chicago 2016 Olympic plans, and state and federal capital programs

15 Transportation Key Goals and Projects

16 Transportation Goals Improve transit in Central Area Increase regional transit capacity Improve the pedestrian environment Manage traffic circulation Encourage alternative modes Improve national and international connections

17 Proposed Transit Improvements within the Central Area

18 CTA Signal & Capacity Upgrades City Role: Supporting Timeframe: Cost Estimate: $1.5B system wide Potential Funding Sources: Federal capital transit funds, local/state bonds CRITERIA RATING Transportation Expands capacity on high ridership lines Helps solve major reliability & slow-zone problems Economic Development & Land Use Maintains viable service connecting Central Loop to airports and neighborhoods Environment & Open Space Reinvests in existing highly used transit assets

19 CTA Station Modernization City Role: Project Lead Timeframe: Cost Estimate: $70M - $90M per station for 9 Central Area stations Potential Funding Sources: Local/state bonds, TIF, CMAQ CRITERIA RATING Transportation Need Improves competitiveness & accessibility of existing transit system Does not expand transit coverage Economic Development & Land Use Reinvests in the core Central Area business districts Environment & Open Space Avoids new construction by restoring and making more efficient use of existing infrastructure Olympic Impact = Yes Graphic courtesy of

20 CTA Infill Stations City Role: Partner with CTA Timeframe: Complete 4 stations by 2020 Cost Estimate: $40M $60M per station for 4 new stations Potential Funding Sources: Local/state bonds, federal capital funds, TIF, CMAQ CRITERIA RATING Transportation Improves overall connectivity and accessibility of rail system Economic Development & Land Use Expands access to and from Near South, West and North Sides all high-growth residential districts with potential for continued growth Environment & Open Space Helps maximize usage of existing infrastructure

21 Transit Passenger Info Systems City Role: Partner with RTA and CTA Timeframe: Complete upgrades to all stations by 2016 Cost Estimate: $20M Potential Funding Sources: TIF, CMAQ Graphic from CRITERIA RATING Transportation Makes using system in Central Area easier, especially for new/occasional customers Economic Development & Land Use No effect--does not change access to or travel time for key districts Environment & Open Space Helps maximize usage of existing system

22 Airport Express Service City Role: Partner with CTA Timeframe: Cost Estimate: $1.5B Potential Funding Sources: State/federal funds (construction), private funds (operations) CRITERIA RATING Transportation Improves travel times to both airports from Central Area terminal May be combined with other signal/track improvements on O Hare branch Economic Development & Land Use Improves access for travelers to Central Loop employment center Enhances Chicago s attractiveness as corporate headquarters city Environment & Open Space Reduces reliance on auto/taxis for trips to airport

23 Clinton Street Subway City Role: Partner with RTA, CTA Timeframe: Cost Estimate: $3B Potential Funding Sources: FTA New Starts, TIF, CMAQ CRITERIA RATING Transportation Improves access to growing River North subdistrict Removes congestion from State Street (Red Line) Subway Economic Development & Land Use Serves main corridor of high-density office growth in West Loop Environment & Open Space Helps maximize usage of existing system

24 Central Area Transitways Carroll Ave Lakefront East-West (Monroe Street) Clinton Street

25 Carroll Ave Transitway City Role: Lead Timeframe: Cost Estimate: $260M Potential Funding Sources: FTA New Starts/Small Starts, State/local bonds, Transportation Improvement District, public/private partnership CRITERIA RATING Transportation Connects underserved Streeterville, improving travel to hospitals/navy Pier Provides east-west connectivity in area without major direct roadway route Economic Development & Land Use Supports residential and employment growth in Streeterville, River North, and West Loop Environment & Open Space Reduces reliance on autos for trips to Streeterville district Uses existing unused right-of-way

26 East-West Transitway (Monroe) East-West Transitway City Role: Lead Timeframe: Cost Estimate: $200M Potential Funding Sources: FTA New Starts/Small Starts, State/local bonds, Transportation Improvement District, public/private partnership CRITERIA RATING Transportation Addresses long-studied need for eastwest transit connectivity in Central Loop Connects West Loop and East Loop commuter stations Economic Development & Land Use Serves core of Central Area employment districts Environment & Open Space Improves access to Lakefront Project construction may cause major short-term disruptions

27 Lakefront Transitway Lakefront Transitway City Role: Lead Timeframe: Cost Estimate: $150M Potential Funding Sources: FTA New Starts/Small Starts, state/local bonds, Transportation Improvement District, public/private partnership CRITERIA RATING Transportation Provides rapid transit service along high-growth eastern portion of Central Area Connects Near South & Streeterville Economic Development & Land Use Connects key cultural/tourism assets along lakefront Supports Olympics bid Environment & Open Space Provides direct transit access from Near South to Lakefront parks Uses existing improved right-of-way

28 West Loop Transportation Center West Loop Transportation Center City Role: Lead Timeframe: Cost Estimate: $2B Potential Funding Sources: FTA New Starts, State bonds, TIF CRITERIA RATING Transportation Connects major West Loop hubs with local, regional, and national networks Will serve future transitway and Clinton subway projects Economic Development & Land Use Invests in West Loop, the area driving Central Area employment growth Environment & Open Space Supports all alternatives to auto use

29 INSERT AMTRAK GRAPHIC?? INSERT REDEVELOPMENT PROPOSAL GRAPHIC?? New Intermodal Facility Streetway & Pedestrian Access Improvements Passenger Area Improvement s Platform & Capacity Enhancement s = existing access point Union Station Upgrades City Role: Partner with Amtrak, Metra, RTA Timeframe: Cost Estimate: $80M - $100M Potential Funding Sources: State/local bonds, TIF, CMAQ, Amtrak CRITERIA RATING Transportation Improves efficiency of busiest transfer site in the region Improves comfort, accessibility, & potential capacity of existing service Economic Development & Land Use Enhances West Loop as hub of new office growth Environment & Open Space Helps maximize usage of landmark Central station Area Action Plan

30 Wacker Drive Reconstruction City Role: Lead Timeframe: E/W portion completed N/S leg requires funding ( ) Cost Estimate: $350M for N/S leg Potential Funding Sources: State/local bonds, TIF CRITERIA RATING Transportation Reinvests in major streetway abutting river s South Branch Lower level provides delivery and parking garage access Economic Development & Land Use Improves auto & pedestrian environment in most actively developed office corridor in Central Area Environment & Open Space Adds streetscaping elements and green infrastructure

31 Smoothed Curve Improved Auto & Ped Access Graphic courtesy of More Lakefront Open Space North LSD Improvements City Role: Partner with IDOT Timeframe: Cost Estimate: $200M Potential Funding Sources: Local/state bonds, CMAQ, Federal earmarks CRITERIA RATING Transportation Improves unsafe curve at Oak St. and intersection at Chicago Ave. Provides more space for bicycle and pedestrian paths along Lakefront Economic Development & Land Use Improves access to growing employment and residential concentrations in Streeterville Environmental & Open Space Dramatically increases open space amenities and access to Lakefront

32 Regional Transit Projects- Metra and CTA

33 Urban Design, Waterfront & Open Space Key Goals and Projects

34 Urban Design, Waterfront & Open Space Goals Strengthen Chicago as an environmentally sustainable city Strengthen the Lakefront as Chicago's great public space Develop the Chicago Riverfront as a continuous system of premier public places Create a new generation of downtown parks Complete the Central Area s framework of richly landscaped streets and boulevards

35 Areas of Special Interest

36 Urban Form

37 Parks and Streetscapes

38 Urban Design Projects Streetscape Improvements Building Lighting Enhancement Kennedy Corridor Improvements and Cap

39 Streetscape Improvements City Role: Lead by CDOT Timeframe: Cost Estimate: Varies Project Description: Expand streetscape upgrades that have benefited prominent north/south streets within the Central Area. To complement these, improvements are proposed for east/west streets to enhance motorist and pedestrian mobility and to anchor investment in surrounding areas. Improvements should incorporate environmentally friendly design elements and materials from the City s Green Alleys and Streets initiative and from the Green Urban Design Task Force.

40 Lighting Enhancements City Role: Involvement of CDOT. DLUP, DCD, DOE Timeframe: Cost Estimate: $400,000 Project Description: Enhance structure lighting. A program of improvements along Michigan Avenue has been developed by Schuler Shook. Michigan should serve as the pilot for similar programs on LaSalle and Randolph. A grant or loan program should be established to facilitate private sector implementation. Lighting improvements guidelines should include recommendations from the Lights Out Chicago program, which protects migratory birds, saves energy, and decreases maintenance costs.

41 Kennedy Corridor Enhancements & Cap City Role: Lead by CDOT Timeframe: Improvements Kennedy Cap Cost Estimate: Improvements - $10 million Kennedy Cap - $500 million Project Description: Build a cap atop the Kennedy to improve connections between the Central Loop and the West Loop. Short-term: Traffic calming, landscaping, pedestrian mobility enhancements. Long-term: Create parkland over the Kennedy between Monroe and Washington. New urban greenway would improve air quality and reduce noise pollution.

42 Waterfront Projects Lakefront Trail expansion Gateway Harbor Chicago Riverfront System

43 Lakefront Trail Expansion City Role: Involves CDOT, DZLUP, DCD, CPD Timeframe: Cost Estimate: $177 million Project Description: Expand the Lakefront Trail lakeward between North Ave. and Navy Pier by up to 200 feet. Introduce landscaping to create parkland and expanded pedestrian and bicycle paths. This project should be undertaken in conjunction with North Lake Shore Drive improvements at the Oak St. curve and at Chicago Ave.

44 Gateway Harbor City Role: Lead by CPD Timeframe: Cost Estimate: $30 million Project Description: Build new boat marina and amenities connecting Dime Pier to the Navy Pier Headlands. Also explore feasibility of establishing direct boat access to Navy Pier at river level by relocating a wall segment northwest of the Chicago Locks.

45 Main Branch Riverfront Lake Shore Drive to Franklin City Role: Involves MWRD, CDOT, DZLUP, DCD Timeframe: Phase Phase Cost Estimate: $92 million Project Description: Create a continuous multi-level Riverwalk along the north side of the Chicago River with underbridge connections at Michigan Ave. and Lake Shore Drive to DuSable Park. Establish clearly identified onstreet connections west of Michigan Ave and east of Wells Street ($12 million). Develop a dock level Riverwalk along the south side of the Chicago River with under bridge and vertical connections for continuous water access. ($80 million).

46 North Branch Riverfront Lake to Halsted City Role: Involves CDWM, CDOT, DZLUP, DCD Timeframe: Cost Estimate: $75 million Project Description: Develop the North Branch Riverfront with: ADA-accessible boatyard Off-river connection from Kinzie Park Under-bridge connection to Wolf Point A street level park south of Riverbend for future development Create a river level trail on the east side of the river to connect lower level walks Develop Riverwalk north of River Village to the North Ave. Turning Basin Improve river access at the east bank between North and Division Landscape west bank from Grand Ave. to North Ave

47 South Branch Riverfront Lake to Harrison City Role: Involves CDWM, CDOT, DZLUP, DCD Timeframe: Cost Estimate: $15 million Project Description: Develop a multi-component Riverwalk on the South Branch in the West Loop and Central Loop. Includes a contiguous street level Riverwalk with improved connections and access to large plazas, and a dock level Riverwalk on the east bank. Will also include adjacent green space and vertical connection near Van Buren St.

48 South Branch Riverfront Harrison to Stewart City Role: Involves CDWM, CDOT, DZLUP, DCD Timeframe: Cost Estimate: $75 million Project Description: Develop a multicomponent Riverwalk on the South Branch in South West Loop, River South, and Chinatown. Connection to River City Vertical connection at Harrison St. New pedestrian and vehicular crossings Underbridge connections at Roosevelt and 18th St. Public park in future Franklin Point development On-street connections near Ping Tom Park to future Riverwalk development at East Canal Origins Park Landscaping on west riverbank

49 Open Space Projects Queen s Landing Northerly Island Grant Park Railscape DuSable Park Ping Tom Park Phase 2

50 Queen s Landing City Role: CDOT Lead Timeframe: Cost Estimate: $500,000 Project Description: Improve pedestrian access between Buckingham Fountain in Grant Park and the cross-lake Shore Drive lakefront. This a key component of the Grant Park Framework Plan and includes improved crosswalks and signage. Queen s Landing is the spot at which Queen Elizabeth II came ashore during her 1959 visit.

51 Northerly Island City Role: CPD lead Timeframe: Cost Estimate: $75 million Project Description: Create a state-ofthe-art park with sustainable design principles to serve as an outdoor conservation museum.

52 Grant Park Railscape City Role: Involves RTA, Metra, DZLUP, DCD, CPD Timeframe: Cost Estimate: $32.6 million Project Description: Screen the railroad tracks throughout Grant Park and south to Museum Place. The appearance of the existing open railroad trench could be improved by a green screen over the tracks. Explore potential to reduce the former rail service yard area generally known as the pennant lot (as depicted in red) to add park land.

53 DuSable Park City Role: Involves CPD, CDOT, DZLUP, DCD Timeframe: Cost Estimate: $17 million Project Description: Develop a public park at the inlet of the Chicago River at Lake Michigan to commemorate Chicago s founding pioneer. This park will be build through a publicprivate partnership with the developer of The Spire.

54 Ping Tom Park Phase II City Role: Involves CPD, DZLUP, CDOT, Canadian National Railroad Timeframe: Various phases Cost Estimate: $38 million Project Description: Develop Phase 2 of Ping Tom Park. In 2002, the Chicago Park District acquired 5 acres to expand the park to the northeast. A former industrial site, the land will be cleaned up and redeveloped into a spacious community park with ball and soccer fields, a field house, and a swimming pool.

55 Cost & Phasing

56 Grand Total Transportation = Urban Design = Grand Total = $14.24 Billion $1.31 Billion $15.55 Billion

57 Phased Investment Cost (in 2007 $) Transportation = $5,926,000,000 Urban Design = $ 281,100,000 Total = $6,207,100, Transportation = $4,765,000,000 Urban Design = $ 443,000,000 Total = $5,208,000, Transportation = $3,550,000,000 Urban Design = $ 585,000,000 Total = $4,135,000,000

58 Central Area Transit Regional Transit Capacity Pedestrian Environment Traffic Circulation Alternative Modes National/International Connections Transportation CTA Station Modernization (4 Stations) Carroll Avenue Transitway Clinton Street Transitway CTA Infill Station (Morgan - Green/Pink) Transit/Passenger Information Systems CTA Signal & Capacity Upgrade CREATE Program (initial) Metra UP-W Upgrades Metra UP-NW Extension & Upgrades Union Station Access/Intermodal Upgrade Wacker Drive Reconstruction (Phase II) Wells-Wentworth Connector (Phase I) West Loop Bicycle Station Airport Rail Express Service Union Station Capacity/Facility Upgrade Subtotal Cost (in 2007 $) $360,000,000 $260,000,000 $60,000,000 $60,000,000 $10,000,000 $1,500,000,000 $750,000,000 $536,000,000 $419,000,000 $30,000,000 $350,000,000 $30,000,000 $1,000,000 $1,500,000,000 $60,000,000 $5,926,000,000

59 Urban Design Cost (in 2007 $) Urban Design Waterfront Open Space Congress Parkway Grand & Illinois Kennedy Corridor Enhancements East Randolph Lighting Enhancements (Michigan, Congress & Wacker) Main Branch Riverfront (Phase I) Gateway Harbor Chicago River Management Entity Northerly Island Park Improvements Grant Park Improvements North Ping Tom Phase II (Site Dev./Railway Underpass) DuSable Park Pedestrian Connection at Queen s Landing Subtotal $19,000,000 $19,000,000 $10,000,000 $8,750,000 $600,000 $46,000,000 $30,000,000 $250,000 $75,000,000 $35,000,000 $20,000,000 $17,000,000 $500,000 $281,100,000

60 Transportation Cost (in 2007 $) Central Area Transit Regional Transit Capacity Traffic Circulation West Loop Transportation Center Clinton Subway (Phase I) CTA Station Modernization (3 Stations) East-West Transitway Lakefront Transitway CTA Infill Station (Cermak - Green) CTA Infill Station (Division - Brown/Purple) Transit/Passenger Information Systems CREATE Program (Completion) North Lake Shore Drive Improvements South Branch Bridge at Taylor Street Wells-Wentworth Connector (Phase II) Subtotal $2,000,000,000 $1,000,000,000 $270,000,000 $200,000,000 $150,000,000 $60,000,000 $60,000,000 $10,000,000 $750,000,000 $200,000,000 $50,000,000 $15,000,000 $4,765,000,000

61 Urban Design Cost (in 2007 $) Urban Design Waterfront Open Space West Loop/Union Station Area Streetscape Division Streetscape Lighting Enhancements (LaSalle & Randolph) Lakefront Trail Expansion North Branch Riverfront (River North) Main Branch Riverfront (Phase II) South Branch Riverfront (Downtown) Lakefront Trail Bridge Ping Tom Phase II (Multi-Purpose Center/Boathouse) Grant Park South Railscape Grant Park Central Railscape Central Station Area Railscape Subtotal $33,000,000 $21,000,000 $400,000 $177,000,000 $75,000,000 $46,000,000 $15,000,000 $25,000,000 $18,000,000 $17,200,000 $7,900,000 $7,500,000 $443,000,000

62 Transportation Cost (in 2007 $) Central Area Transit Pedestrian Environment Traffic Circulation Clinton Subway (Phase II) CTA Station Modernization (2 Stations) CTA Infill Station (Clark/18th - Orange) Pedestrian Bridges over River (Streeterville, W. Loop) South Branch Bridge at 16th or Polk Street Subtotal $2,000,000,000 $180,000,000 $60,000,000 $60,000,000 $50,000,000 $2,350,000,000

63 Urban Design Urban Design Waterfront Open Space Kennedy Cap South Branch Riverfront (River South) Fort Dearborn Park Subtotal Cost (in 2007 $) $500,000,000 $75,000,000 $10,000,000 $585,000,000

64 Regional Supporting Transit Phase Project Projects ( ) Cost (in 2007 $) CTA Orange Line Extension CTA Red Line Extension CTA Yellow Line Extension Metra South East Line Service Development CTA Circle Line Construction Metra Star Line Construction Subtotal $300,000,000 $1,000,000,000 $300,000,000 $550,000,000 $3,000,000,000 $1,100,000,000 $6,250,000,000

65 2007 Capital Budget Programs Selected Programs Total capital budget was $2.0 billion in 2007 Selected programs compose ¼ of total, or $423 million Transportation $180,788,815 $181 M Economic Development $113,984,623 $114 M CitySpace $14,892,555 $15 M Neighborhood Infrastructure $113,437,563 $113 M Source: City of Chicago

66 2007 Capital Budget Funding Sources Funding Sources for CitySpace, Economic Development, Neighborhood Infrastructure and Transportation Programs State Funds $78,478,000 19% G.O. Bonds $184,684,961 43% TIF $34,415,329 8% Source: City of Chicago Other Federal Funds $

67 Transit Capital Funding Sources United States Top 50 Transit Agencies State government 12% Other sources <1% Federal government 35% Local sources 53% Source: RTA, Moving Beyond Congestion

68 Funding Strategy Recommendations Target TIF funds for major capital projects Bond against future TIF revenues when possible Consider special area funding mechanisms

69 Potential Funding Sources Federal Transportation Funds Federal Economic Stimulus Funds State Capital Program Private Investment CREATE, Corporate Donations Public-Private Partnerships General Obligation Bonding

70 Chicago is Awesome! Thank You!