International Experience FRA Rail Program Delivery Meeting, Washington D.C

2014 FRA Rail Program Delivery

Paul Reynolds FRSA CMLI Urban Design Principal Atkins, London UK

International Experience FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 2 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 3 Rail in London

•Network Rail : Track and 28 Stations •Train Operating Companies : TOCs •Transport for London • London Underground • Rail for London (Overground) • Crossrail Ltd • Buses, Trams, Roads, Cable Car, Cycle Hire ….

FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 4 Major Projects Crossrail

FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 5 Major Projects Crossrail

FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 6 Major Projects High Speed 2 (HS2)

FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 7 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 Northern Line Extension Bakerloo Line Extension Angel Road Station

FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 9 Upgrades & Extensions

FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 Northern Line Extension

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FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 Angel Road Station

FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 How to Capture Value?

Approach 1: Local Area Development Kings Cross & Stratford

FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 17 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 18 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 How to Capture Value?

Approach 2: Over Station / Site Development (OSD) Crossrail – Tottenham Court Road

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Approach 2: Over Station / Site Development (OSD) Euston Station

FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 25 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 26 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 27 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 28 How to Capture Value?

Approach 3: Station Enhancement Complimentary Commercial Uses

FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 29 Kings Cross Station draws 45m visitors a year … only 28m buy tickets

FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 30 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 31 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 32 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 33 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 34 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 35 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 36 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 37 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 38 How to Capture Value?

Approach 4: Local Taxes “Crossrail Levy” Business Rates Supplement (TIF)

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FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 40 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 Summary

FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 Summary

•Land pressures mean TOD \ OSD is attractive - Can’t afford to waste land •Offsets costs of construction of infrastructure •Multiple Scales : Single Building to Masterplans •Policy supports building around stations •Different methods to capture funds to reinvest •Fully integrated development gives greatest returns •Specialist tools to maximise footfall & value

FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 45 Thank You!

Please keep in touch …

Paul Reynolds [email protected]

@_PaulReynolds

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