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Transportation = Economic Development The Ridgefield Interchange Project Annual Conference of the Washington State Good Roads & Transportation Association September 18, 2009 Justin L. Clary, P.E. City Manager City of Ridgefield, Washington
Ridgefield Location
Ridgefield Background/History ,[object Object],[object Object],[object Object]
Ridgefield Background/History (Cont.) ,[object Object],[object Object],[object Object]
City Limits Expanded to Interstate 5 ,[object Object],[object Object],[object Object],Ridgefield Expansion
2008 Ridgefield Comprehensive Plan Map
Residential Growth Since City Limit Expansion ,[object Object],[object Object],[object Object],[object Object],[object Object],2005 2007
Employment Growth Since City Limit Expansion ,[object Object],[object Object]
Economic Development on the Horizon ,[object Object],[object Object]
Economic Development on the Horizon Union Ridge Master Planned Business Park
Economic Development on the Horizon Southwest Washington Health System Medical Campus
Economic Development on the Horizon Port of Ridgefield’s Waterfront Master Plan
Economic Development Attributes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Transportation Challenge ,[object Object],[object Object],[object Object],[object Object],[object Object]
A New Interchange ,[object Object],[object Object],[object Object]
Ridgefield Interchange Project Funding ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Return on Investment Study ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Return on Investment Study - Results Stimulated Development (20-Year Projection) $222,651,000 4,796 $ 471,010,000 Total Stimulated Development $39,702,000 1,552 $ 129,820,000 Retail $ 128,354,000 1,938 $ 114,620,000 Office (Professional & Technical) $ 18,146,000 562 $ 90,240,000 Warehousing $ 36,449,000 774 $ 81,450,000 Manufacturing - - $ 54,880,000 Residential Annual Wages Jobs Cost (NPV) Type of Development
Return on Investment Study - Results Estimated Government Revenue (through 2028) 100% $ 509,200,000 Total Government Revenue 3% $ 15,540,000 Clark County Fire & Rescue 3% $ 15,500,000 Ridgefield School District 10% $ 53,100,000 City of Ridgefield 6% $ 30,110,000 Clark County 30% $ 151,500,000 All Local Agencies Revenue 2% $ 9,240,000 Interchange Transportation Benefit Dist. 1% $ 3,640,000 Fort Vancouver Regional Library less than 1% $ 1,230,000 Port of Ridgefield 5% $ 23,090,000 C-TRAN 70% $ 357,700,000 State of Washington Share 2008 NPV Jurisdiction
Return on Investment Study - Results Direct Return on Investment $47 to $1 - - Economic Stimulus - $29.81 $342,700,000 State $16 to $1 - Private:Public Investment Ratio $37.72 $ 35.40 Payback Ratio (Benefit/Cost) $474,950,000 $ 51,600,000 Net Present Value Benefit-Cost All Public Ridgefield
Actual Return on Investment To Be Determined….

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Transportation = Economic Development

  • 1. Transportation = Economic Development The Ridgefield Interchange Project Annual Conference of the Washington State Good Roads & Transportation Association September 18, 2009 Justin L. Clary, P.E. City Manager City of Ridgefield, Washington
  • 3.
  • 4.
  • 5.
  • 7.
  • 8.
  • 9.
  • 10. Economic Development on the Horizon Union Ridge Master Planned Business Park
  • 11. Economic Development on the Horizon Southwest Washington Health System Medical Campus
  • 12. Economic Development on the Horizon Port of Ridgefield’s Waterfront Master Plan
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18. Return on Investment Study - Results Stimulated Development (20-Year Projection) $222,651,000 4,796 $ 471,010,000 Total Stimulated Development $39,702,000 1,552 $ 129,820,000 Retail $ 128,354,000 1,938 $ 114,620,000 Office (Professional & Technical) $ 18,146,000 562 $ 90,240,000 Warehousing $ 36,449,000 774 $ 81,450,000 Manufacturing - - $ 54,880,000 Residential Annual Wages Jobs Cost (NPV) Type of Development
  • 19. Return on Investment Study - Results Estimated Government Revenue (through 2028) 100% $ 509,200,000 Total Government Revenue 3% $ 15,540,000 Clark County Fire & Rescue 3% $ 15,500,000 Ridgefield School District 10% $ 53,100,000 City of Ridgefield 6% $ 30,110,000 Clark County 30% $ 151,500,000 All Local Agencies Revenue 2% $ 9,240,000 Interchange Transportation Benefit Dist. 1% $ 3,640,000 Fort Vancouver Regional Library less than 1% $ 1,230,000 Port of Ridgefield 5% $ 23,090,000 C-TRAN 70% $ 357,700,000 State of Washington Share 2008 NPV Jurisdiction
  • 20. Return on Investment Study - Results Direct Return on Investment $47 to $1 - - Economic Stimulus - $29.81 $342,700,000 State $16 to $1 - Private:Public Investment Ratio $37.72 $ 35.40 Payback Ratio (Benefit/Cost) $474,950,000 $ 51,600,000 Net Present Value Benefit-Cost All Public Ridgefield
  • 21. Actual Return on Investment To Be Determined….