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New Carrollton Metrorail Station

The New Carrolton Metrorail Station is the region’s second largest multimodal hub. In 1989, the New Carrollton Transit District Development Plan (TDDP) featured 570 acres of primarily low-density development. Given the site’s convenient proximity to MARC, Metro, and Amtrak stations, higher density, higher value development was more appropriate. A TDDP update was needed help align development growth and commuter service demands in the region.

 

On behalf of the Maryland-National Capital Parks and Planning Commission, WSP USA prepared a Public Facilities Funding Plan that presented strategies to fund and/or finance critical public infrastructure and facilities required to support the updated TDDP. Our team proposed a phasing of development and infrastructure investment plan; forecasted potential revenue from value capture mechanisms; estimated the funding gap for needed infrastructure investments; and discussed various innovative financing strategies.

The public infrastructure needs assessment and real estate analysis for the Transit District was used to develop current and proposed land uses around the station and a neighborhood development phasing plan. Proposed funding sources included tax increment financing, revenue from municipal parking rate fees, FTA funding programs and joint development or public-private partnership agreements. In line with this plan, the Washington Metropolitan Area Transit Authority and the Maryland Department of Transportation approved a joint development agreement with Forest City for a 39-acre (16-hectare) mixed use development in December 2012.