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State of Hawaii Strategic Plan for Transit-Oriented Development DRAFT

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State of Hawaii Strategic Plan for Transit-Oriented Development DRAFT State of Hawaii Strategic Plan for Transit-Oriented Development Hawaii Interagency Council for Transit-Oriented Development Prepared Pursuant to Act 130, Session Laws of Hawaii 2016 by Office of Planning And Hawaii Housing Finance and Development Corporation Department of Business, Economic Development and Tourism State of Hawaii DRAFT October 2017 State Strategic Plan for Transit-Oriented/Transit-Ready Development—DRAFT PRINT DATE: 26-Oct-17 Table of Contents EXECUTIVE SUMMARY 1 INTRODUCTION: A Framework for State Investments in Livable Communities ..................................... 1-1 1.1 Introduction ..................................................................................................................................... 1-1 1.2 Precedents to the TOD Council ........................................................................................................ 1-2 1.3 TOD Council Perspectives on TOD and TRD ..................................................................................... 1-4 1.4 A State Vision for TOD and Directed Growth ................................................................................... 1-4 1.5 Key Principles for State Investments in Livable Communities ......................................................... 1-5 1.6 Opportunities for TOD/TRD in Promoting Smart Growth and Livable Communities .................... 1-11 1.7 Purpose and Structure of the Plan ................................................................................................. 1-11 2 State TOD/TRD Implementation and Investment Strategy .................................................................... 2-1 2.1 Introduction ..................................................................................................................................... 2-1 2.2 Opportunities for TOD/TRD Statewide ............................................................................................ 2-1 2.3 Strategy Components....................................................................................................................... 2-1 2.4 Plan Implementation and Investment Timelines ............................................................................. 2-4 2.5 TOD Project Timeline ....................................................................................................................... 2-6 3 State TOD/TRD Opportunities in each County 3.1 State TOD and Investment Opportunities along Oahu’s Rail Corridor ......................................... 3.1-1 3.1.1 Introduction ........................................................................................................................... 3.1-1 3.1.2 TOD Groundwork for State TOD Projects .............................................................................. 3.1-1 3.1.3 Corridor-wide Potential and Issues ........................................................................................ 3.1-2 3.1.4 Collaboration in TOD Priority Areas ....................................................................................... 3.1-4 3.1.5 Priority Projects by Station Area ............................................................................................ 3.1-8 3.1.6 Implementation of State TOD on Oahu ............................................................................... 3.1-23 3.2 City and County of Honolulu TOD Opportunities and Investment Priorities ................................ 3.2-1 3.2.1 Introduction ........................................................................................................................... 3.2-1 3.2.2 City Initiatives in Support of TOD ........................................................................................... 3.2-1 3.2.3 Opportunities for TOD Collaboration ..................................................................................... 3.2-4 3.2.4 City Priorities TOD Projects .................................................................................................... 3.2-5 3.2.5 Infrastructure and Regional Needs ...................................................................................... 3.2-11 3.2.6 Implementation of City TOD Initiatives and Projects........................................................... 3.2-15 3.3 Kauai County Transit-Ready/Smart Growth Opportunities and Initiatives. ................................. 3.3-1 3.3.1 County Initiatives Supporting TRD ......................................................................................... 3.3-1 3.3.2 Opportunities for TRD and Smart Growth Collaboration ...................................................... 3.3-5 3.3.3 Identified/Priority Projects .................................................................................................... 3.3-7 3.3.4 Infrastructure and Regional Needs ........................................................................................ 3.3-9 3.3.5 Implementation of Kauai County TRD Initiatives and Projects ............................................ 3.3-10 State Strategic Plan for TOD/TRD Development i State Strategic Plan for Transit-Oriented/Transit-Ready Development—DRAFT PRINT DATE: 26-Oct-17 3.4 Hawaii County Transit-Ready/Smart Growth Opportunities and Initiatives ................................ 3.4-1 3.4.1 County Initiatives Supporting TOD ......................................................................................... 3.4-1 3.4.2 Opportunities for TRD and Smart Growth Collaboration ...................................................... 3.4-2 3.4.3 Hawaii County Priority Projects ............................................................................................. 3.4-6 3.4.4 Implementation of Hawaii County TRD Initiatives and Projects .......................................... 3.4-11 3.5 Maui County Transit-Ready/Smart Growth Opportunities and Initiatives ................................... 3.5-1 3.5.1 County Initiatives Supporting TOD ......................................................................................... 3.5-1 3.5.2 Opportunities for TRD and Smart Growth Collaboration ...................................................... 3.5-3 3.5.3 Maui County Priority Projects ................................................................................................ 3.5-4 3.5.4 Infrastructure and Regional Needs ........................................................................................ 3.5-8 3.5.5 Implementation of Maui County TOD Initiatives and Projects .............................................. 3.5-9 4 TOD Investment Tools ............................................................................................................................. 4-1 4.1 The TOD ‘Toolbox’ ............................................................................................................................ 4-1 4.2 Debt .................................................................................................................................................. 4-1 4.3 Equity ............................................................................................................................................... 4-2 4.3.1 Public-Private Partnerships ....................................................................................................... 4-2 4.3.2 Joint Development and Development Agreements.................................................................. 4-4 4.4 Value Capture ................................................................................................................................... 4-4 4.4.1 Community Facilities District .................................................................................................... 4-5 4.4.2 Tax Increment Financing ........................................................................................................... 4-6 4.5 Improving the Toolbox ..................................................................................................................... 4-7 5 State TOD/TRD Implementation and Investment Strategy: Fiscal Biennium/Near-Term Actions ......... 5-1 5.1 Introduction ..................................................................................................................................... 5-1 5.2 Strategy Components 1 and 2: State Implementation of TOD Projects and Investments .............. 5-1 5.3 Strategy Component 3: Development of TOD Policies and Program Tools ..................................... 5-3 5.4 Strategy Component 4: TOD Program Support and Administration................................................ 5-4 5.5 TOD Projects and Initiatives: FY19-23 ............................................................................................. 5-6 APPENDICES Appendix A. TOD/TRD Project Fact Sheets Appendix B. Criteria for Review of TOD CIP Requests State Strategic Plan for TOD/TRD Development ii State Strategic Plan for Transit-Oriented/Transit-Ready Development—DRAFT PRINT DATE: 26-Oct-17 Executive Summary Executive Summary | State Strategic Plan for TOD/TRD Development State Strategic Plan for Transit-Oriented/Transit-Ready Development—DRAFT PRINT DATE: 26-Oct-17 1 Introduction: A Framework for State Investments in Livable Communities 1.1 Introduction Pursuant to Act 130, SLH 2016 (§ 226-63, Hawaii Revised Statutes (HRS)), the State Transit-Oriented Development (TOD) Strategic Plan is required to guide the planning and implementation of TOD projects on State lands. Act 130 established the Hawaii Interagency Council for Transit-Oriented
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