Croydon Transit Revitalization Investment District, Bristol Township
CROYDON TRANSIT REVITALIZATION INVESTMENT DISTRICT Bristol Township, Bucks County PA A Plan for 2010 & Beyond PENN ONI MSOCIATES INC. 2501 BATH ROAD 1 BRISTOL, PA 19007 1 PHONE: 215·785·0500 JUNE 18, 2009 P ~IIINONJ ASSO CIATES IN C. C:ONS ULTt,.,. Iif'lGI""!! I!~ s BRIS0901 June 12, 2009 BRISTOL TOWNSHIP COUNCil Bristol Township Administration Building 2500 Bath Road Bristol, PA 19007 Re: Croydon Transit Revitalization Investment District (TRIO) - Final Planning Study "A Plan for 2010 and Beyond" Attn: Jeffrey Bartlett, Township Managing Director It is with great pleasure that we submit this document for Council's approval and acceptance before forwarding onto the PA Department of Community and Economic Development as satisfaction of the TRID/LUPTAP Grant for this phase of development of the TRID program and Transit-Oriented Development to revitalization the Croydon Section of Bristol Township, in an area in proximity to the SEPTA Croydon Station and its new construction. We believe that it satisfies the Grant conditions; containing: the Market Analysis, Value Capture, establishment of a viable TRID Boundary, and the Draft Agreement to effect the TRIO area and program. In addition, it is in conformance with the original Requ est for Proposals, and has been reviewed by the Key Stakeholders working group, and other key agencies having a say on TRID, including SEPTA, the Bucks TMA, the BCRDA, Bucks County, DVRPC, area legislators, and members of the public through their input at various stages. We (Pennoni Asso ciates Inc., and Economic Development Associates) look forward to an opportunity to assist in subsequent phases of implementation of this cha llenging and worthy undertaking for the citizens/residents of Croydon and the Township in a program that ca n induce additional mass transit SEPTA ridership, and tax revenues from future development and red evelopment as revitalization occurs over time.
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