SCW Regulating Plan — original pdf

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South Central Waterfront Regulating Plan Codes and Ordinances Joint Committee May 5, 2022 Greg Dutton – Housing and Planning Content Regulating Plan How will it work? What will it do? What will it not do? Gives and gets Other Considerations Next Steps 3 4 Framework Plan (2016) 5 Overall Process Regulating Plan Creation Incorporation into LDC (Adoption) 6 Regulating Plan: how will it work? Developer Provides: • On-site affordable housing • Fee-in-lieu affordable housing • Other public realm benefits Developer Gets: • Increased entitlements 7 Regulating Plan: how will it work?  Opt-in, voluntary  Works in conjunction with existing WFO (does not replace it)  Mechanically similar to University Neighborhood Overlay (UNO)  Amendment to the land development code 8 Regulating Plan: what will it do?  Control physical buildout  Lay out public benefits and developer incentives  Include requirements for Affordable Housing provided by private developments that utilize bonus entitlements  Open space, streetscape, frontage, building height, land uses, parking 9 Regulating Plan: what will it not do?  Does not mandate participation  Does not speak to financing, funding sources, or public-private  Does not allow wiggle room or negotiating  Part of a larger toolbox - will not achieve the framework vision by partnerships itself 1 0 Regulating Plan: gives and gets*  Public goods:  Additional entitlements:  Affordable housing  Height subdistricts up to  On and off-site, 10%+ 400’ set aside  Improved streetscape  Enhanced open space  Improved pedestrian experience *All properties in the district eligible to participate  CBD land uses  Additional floor area (FAR)  No site area requirements  No minimum parking required 1 1 Next Steps  Regulating plan:  Summary of plan: SCWAB 5/16/22  Regulating plan draft: SCWAB 6/20/22  SCWAB working groups?  SCWAB recommendation 7/18/22  COJC recommendation 8/17/22  PC recommendation 8/23/22  Council adoption: 9/1/22 20% Affordable Housing Gap Finance 1 2 Other Considerations  TIRZ in process  Project Connect:  Blue Line stop (above ground) + bridge  Orange Line stop (underground)  Acuña ruling 1 3