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• In Portland, $3.5 billion was invested within 2 blocks of the initial <br />streetcar alignment <br />• In Seattle, $2.4 billion in investment occurred within 3 blocks of the <br />streetcar line <br />• Tampa gained $1 billion in investment within 3 blocks of its streetcar <br />line <br />• Little Rock attracted $816 million in capital investment along its 3-mile <br />River Rail streetcar corridor within 10 years <br />• Santa Ana/Garden Grove investment potential being evaluated as part <br />of the next phase of the project. <br />• Preliminary analysis anticipates a similar level of investment as Little <br />Rock. <br />Streetcar Economic Development Potential <br />Cost Estimates <br />TSM/Best Bus' $16.4 $13.2 $1.5 $13.2 $14.7 <br />Streetcar 1 $238.0 $4.9 $16.9 $4.9 $21.8 <br />Streetcar 2 $257.0 $6.1 $18.4 $6.1 $24.5 <br />1. All costs in millions <br />2. Annualized Costs are based on a 12-year bus and a 25-year streetcar <br />useful life per FTA depreciation schedule <br />3. Full cost, including previously funded phases, year of expenditure, <br />Cordoba Corporation, July 2013 <br />4. Includes O&M costs for travel time improvements outside the study <br />area <br />Cost Comparison to Other Systems <br />With a pre-construction capital cost estimate of $47.5 million per mile, the <br />cost of the Santa Ana-Garden Grove system is on par with other streetcar <br />and BRT systems being planned and/or built: <br />• Tucson's nearly completed streetcar cost $50.5 million/mile <br />• Seattle's First Hill streetcar will cost $53.6 million/mile <br />MINUTES SPECIAL MEETING 5 JULY 23, 2013