
If built, the long-planned multimodal train terminal planned for "the Gulch," the vast expanse of concrete between Philips Arena and south downtown, would transform a once-historic area that now, sadly, is basically a parking lot.
Once the surrounding street grids and infrastructure are built, the project would be the equivalent to adding a whole new neighborhood to downtown — one that could link Castleberry Hill to south downtown and help make Atlanta's urban core more vibrant. (It's worth keeping in mind, however, that the terminal could take more than 10 years to complete. And that's after all the financing is secured, red tape is cut, and kinks are ironed out. (The Georgia Department of Transportation last year selected a consortium of developers including Cousins Properties, Integral Group, and Forest City as the terminal's master developers.)
Central Atlanta Progress, the downtown civic booster organization, today released a report it commissioned about the project's potential benefits (PDF) if built along with the Green Line, the CAP project which would link the Georgia World Congress Center and Gold Dome with greenspace and dense development. Key figures from the report are pasted after the jump.
1. Transportation User Benefits
At completion, the MMPT and its related transit investments are projected to:
* Generate 22.5 million additional annual transit trips;
* Reduce annual automobile trips by 13.4 million;
* Remove 568.1 million vehicle miles from area highways;
* Reduce the time Atlanta commuters spend in automobiles by 77.6 million hours — mostly during periods of peak congestion;
* Save truckers 7.1 million hours of travel time in and through the Atlanta Region; and
* Generate annual travel cost savings of nearly $2.2 billion to Georgia residents and businesses, including total annual cost savings to businesses of $1.1 billion and trucking cost savings of nearly $280 million.2. Redevelopment Effects
At completion, fully implementing the MMPT and associated public amenities would:
* Increase investment in Downtown Atlanta by nearly $3.1 billion;
* Attract 8.6 million SF of additional development to the study area;
* Create/house an additional 15,700 downtown jobs;
* Produce $65 million in annual city, county and school district tax collections;
* Return approximately $6 in private redevelopment investment per $1 spent to construct the MMPT and associated surrounding public spaces and road improvements.3. Economic Impacts
Statewide economic impacts resulting from the project, including multiplier effects, are projected to:
* Support an average of 4,750 jobs/year from construction of the MMPT, transit systems and study area redevelopment investments over a near 30-year construction period;
* Increase the State’s annual economic output by nearly $5.2 billion by 2040, including nearly $3.1 billion in “value added” or increase to Gross State Product; and
* Create nearly 39,800 permanent jobs following completion of the transit network and study area redevelopment.
* Of the total permanent jobs created statewide, approximately 22,100 jobs result from new employment activity locating in Downtown Atlanta, 6,100 jobs are supported by annual spending on the operations and maintenance of the regional transit system (including the MMPT) and 11,500 jobs are created as a result of annual travel cost savings to automobile and truck travelers
Showing 1-17 of 17
Great comment Voxpopuli, I enjoyed reading your highly insightful commentary. I agree with your assessment that $6.2 billion, over ten-plus years, is a paltry sum to reduce traffic that would generate annual (this means yearly) cost savings of $2.2 billion to Georgia residents (ROI in less than 3 years!) and $1.1 billion to businesses. Not to mention this development leading to the creation of 15,700 jobs (which lead to tax revenue, not to mention just more people have jobs, which is good!) and $65 million increase in city tax revenue per year (again, great ROI). Those are just a few tidbits I happened to read after perusing the report momentarily. I mean think of all the benefits this would bring to Atlanta, a city born as transportation hub. Heaven's forbid we spend money to improve infrastructure and continue to keep the city competitive in the future economy. I'm glad someone like you, Voxpopuli, had the insight to point out how paltry a $6.2 billion investment over more than decade is when talking about trillions in residual benefits.
This is another study in which the conclusion was assigned to the consultants and they prepared the justification. It is similar to studies that indicate great public benefits from sports stadiums built at taxpayer expense.
Two comments:
1. Look at the route map. It assumes that everyone travelling wants to go to Downtown. In this it is just like MARTA (or rather its original chairman Dick Rich, who wanted and got the major MARTA station beside his store). One reality is that most of the people in metro Atlanta don't go Downtown often, and they would be unlikely to change their patterns. Another reality is that only 8.5% of the metro Atlanta jobs are Downtown, and providing rail access won't increase this percentage at all.
2. In 1945 there were two major rail stations downtown and over 700 trains passing through them per day. The total railroad employment in Atlanta at that time was much less than 15,700.
Jsrowe, the dollar amount is relatively small as government spend goes these days. It's a chunk for private spending - the kind of spending that comes home to roost for the spender(s) if the bet was bad. I kind of look at this deal like I look at Savannah's proposed big dredge, if these projects are so, so good, why aren't the private folks ponying up the money (other than the knowledge that if they hold out, we the people will pay and bear the risk while they collect any profits)?
@JS
"$6.2 billion investment over more than decade is when talking about trillions in residual benefits."
Trillions in residual benefits? Wow, I had no idea thanks for pointing out such a dramatic ROI.
I don't even think that SF a city who has much more in the way of natural transportation barriers and will be connecting to another major population center in LA, expects that sort of return. Maybe that's why their project is slated to cost $2 BILLION less than the one in the Atlanta proposal.
RE: "Another reality is that only 8.5% of the metro Atlanta jobs are Downtown"
The Central Atlanta downtown zone is 4 square miles. Let's just expand that to make it 10 square miles so we include neighboring areas.
Metro Atlanta is 8,300 square miles. My calculations show that this means 8.5% of the jobs in the metro are located in a zone that takes up 0.1% of the land area. Not too shabby. Pretty good, actually.
But even beyond that, a cursory glance at http://www.georgia-navigator.com/ during the morning rush will show that there are a lot of a lot of people who are headed downtown regularly. People going downtown are doing so for various reasons -- education, conventions, attractions, legislative stuff at the Capitol -- jobs are only a part of the picture.
Is it even worth talking about passenger rail in a state that has zero desire to build passenger rail?
We need it but CAP is a bunch of wankers and this study is a hoot. 15,700 jobs? Uh-huh. Not even if you count the construction.
A "vibrant" new neighborhood? My friend Snake cant wait to hang around the entrance, scoping out girls from the country with a bag and a dream.
OK I jest. We've needed this for a long time but we need to get closer to black ink before it happens. Hartsfield's the thing that really matters to Atlanta's vitality, anyway.
@Question Man
The employment figures I cited are from the State, and the 202,400 jobs in the City are for the entire 132 square miles it covers.
So, in comparison with metro Atlanta, the City has 1.6% of the area, 7.6% of the population, and 8.5% of the jobs. The decreasing percentage of population and jobs in the future will not be reversed by this project.
Don't forget, Central Atlanta Progress is all about Downtown. It's purpose is to enhance Downtown at someone else's expense.
The report claims that its 2040 Full Build scenario would locate an additional 15,664 jobs within the study area when compared to its 2040 No Build scenario.
TW should kick his booster-fluff addiction. It doesn't just harm him; it harms every one of us.
i think it is best if CL sticks to its forté -- lust lists, scott henry's fanatsies about working for baby kasim, and regurgitating various press releases (my, my thomas, and you call this reporting?). so, mr. celeste, it appears you have actually brought the standards of this rag down. are you vying for best local version of the national enquirer? if so, you most definitely will win.
As much as I'd love to see The Gulch area transformed to something more beautiful and useful, my gut tells me that large-scale urban projects like this one are unrealistic in this age. I'd prefer to see some targeted, smaller-scale ideas -- a more bottom-up approach.
I like some aspects of it, but I think this whole MMPT and Green Line plan is overly ambitious as it stands. There's a lot of potential for good transformation in The Gulch but I doubt this is how its going to happen.
Rather than focus on a mega-project like this, I'd prefer to see CAP encourage something more along the lines of targeted infill that helps to build complete neighborhoods in this south downtown zone.
I'm sensing a desire on the part of many Atlantans to live closer to their jobs and have alternative transportation options. But the plan I see for the MMPT/Green Line doesn't seem to contain the kind of human-scale livability that this area, I think, could really benefit from. In a way, it's too reminiscent of urban-renewal, mega projects of the past that formed a hub/spoke model catering to suburban commuters.
Can't you just hear some old crotchety old man yelling BOONDOGGLE at the top of his lungs.
@ Darin -
"As much as I'd love to see The Gulch area transformed to something more beautiful and useful, my gut tells me that large-scale urban projects like this one are unrealistic in this age. I'd prefer to see some targeted, smaller-scale ideas -- a more bottom-up approach."
Facts and experience should also tell you the same. Look at Atlantic Station. Look at Lindbergh.
actually, AA, if you ever leave your basement to visit either atlantic station or lindbergh, you'd see that both are successful, busy, money-making ventures.
please proceed to your next bullshit reason to bitch about the sky falling on atlanta.