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NORTHSTAR CORRIDOR DEVELOPMENT AUTHORITY STATION AREA PLANNING (RPS) <br /> <br />5.2.2 Market Analysis <br /> <br />X4ethodology: <br /> <br />Given the financial limitations of the project budget, the consulting team with <br />to clearly state that there is inadequate funding to perform a thorough market <br />analysis of all twelve (12) station areas in question. However, potential market <br />viability will be addressed, based upon prior histories, the aforementioned <br />ZHA-produced Hiawatha LRT economic/market report and current interest <br />nationwide in both TOD projects, specifically, and 'New Urbanism', generally. <br /> <br />This analysis will be designed to provide an overall conceptual framework for <br />the station area development along the commuter rail line. Subsequent analyses <br />will be required to identify the specific market potential and development <br />barriers for various land uses at each station area. <br /> <br />A new Urban Land Institute publication entitled 'Valuing the New Urbanism'* <br />(Eppli and Tu), will be analyzed for study relevance. <br /> <br />* "Now there is sohd evidence that consumers willpay more to live in new urbanist communities. <br />The first book to examine the new urbanism form a housing market perspective, this study compares <br />re-sales and characteristics of homes in four regionally diverse new urbanist developments with <br />homes in nearby conventional neighborhoods." <br /> <br />Deliverable: <br /> <br />A market analysis 'outline' report, including graphs, charts and other <br />back-up data. <br /> <br />Percentage Project Fee/Cost (2.81%) <br /> <br />$2,250 <br /> <br />Phase 2 Subtotal (11.00%)' <br /> <br />$8,875 <br /> <br />5.3 <br />5.3.1 <br />5.3.2 <br />5.3.3 <br />5.3.4 <br /> <br />5.3.1 <br /> <br />Stakeholder Workshops/Open House <br />TOD Precedents/Guidelines <br />Stakeholder Workshop 1 ('Issues & Ideas) <br />Stakeholder Workshop 2 ('Concepts') <br />Stakeholder Workshop/Open House 3 ('Solutions') <br /> <br />TOD Precedents/Guidelines <br /> <br />Methodology: <br /> <br />FEBRUARY 2000 <br /> <br />In order to ensure that the workshop process works in an efficient manner, prior to <br />the initial stakeholder session, the consulting team will develop a series of 'Issues <br />& Ideas' boards based upon the analysis of existing North American TOD <br />precedents, prior studies and related literature. The purpose of this exercise will <br />be to establish the development program for the target areas. <br /> <br />Categories for analysis will include, but not be restricted to, the following: <br /> <br />Configuration and sizes of TODs <br />Parameters for development within TODs <br /> <br />G R O U P H 0 l S [ ,V G T 0 ,V K 0 E G L E R G R O U P I ,V C Z H A l .V C I 4 <br /> <br /> <br />