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 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 11 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 12 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 13 Bakerloo Line Extension 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 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 20 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 21 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 22 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 23 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 24 How to Capture Value? 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) FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 39 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 FRA Rail Program Delivery Meeting, Washington D.C. Aug. 4-6, 2014 46 .