Professional Documents
Culture Documents
November 7, 2016
November 7, 2016
November 7, 2016
Road Fund
Residential Commercial
(per DU)
(per GSF)
$2,571
$4,627
$18.34
$12.63
$0
$0
N/A
N/A
0%
0%
$7,058
$5.88
$0
N/A
0%
$2,571
$12.63
$79
0.012
22%
$2,571
$12.63
$79
N/A
22%
$2,571
$12.63
$79
0.012
22%
$2,571
$12.63
$79
0.012
22%
$2,288
$11.24
$108
0.017
31%
$2,957
$10.23
$80
0.013
23%
$1,635
$8.19
$175
0.027
50%
$2,080
$10.09
$132
0.02
38%
November 7, 2016
November 7, 2016
November 7, 2016
Tysons transportation plan calls for spending $953MM on bus transit over 40 years.
FCDOT claims that re-routing the current Reston bus service will be adequate to meet future needs.
It will not be adequate.
New
Added Jobs & Total GSF & Total Jobs &
Land Use
Development
Residents
DUs
Residents
Potential (GSF)
Dwelling Units
5,860
11,720
38,140
76,280
44,000
88,000
Residential
5,860,000
46,940,000
52,800,000
Office
20,982,169
69,941
8,717,831
29,059
29,700,000
99,000
Retail
1,094,476
2,432
1,005,524
2,234
2,100,000
4,667
Industrial
841,957
1,684
-251,957
(504)
590,000
1,180
Institutional
2,096,840
5,242
303,160
758
2,400,000
6,000
Hotel
936,782
2,342
3,963,218
9,908
4,900,000
12,250
Total Non-Res
25,952,224
81,641
13,737,776
41,456
39,690,000
123,097
Total
31,812,224
93,361
60,677,776
117,736
92,490,000
211,097
Reston Funding Plan: Potential Cost Allocations, FCDOT Presentation, February 22, 2016
2010 Existing
Land Use (GSF)
November 7, 2016
TSD Revenue
Goal
$108
$132
$175
TSD Revenue @
3%/Yr Appreciation
$168
$198
$268
Excess Tax
Revenue
$60
$66
$93
No
Appreciation
$203
$44,559
$44,762
$1,119
3%/Yr
Appreciation
$2,576
$83,996
$86,571
$2,164
November 7, 2016
November 7, 2016
Both the County and developers will see huge financial gains from development and
appreciation of property in Restons station areas.
The County will collect an extra $4 BILLION in base property tax revenues over the next
40 years because of new development in Restons station areas with no rate increase.
The Reston road improvements would use less than 10% of this extra base property tax revenue.
Expanding bus service would add hundreds of millions to County costs over several
decadesand lead to substantial TSD rate increases that would continue indefinitely.
Reston station area homeowners will see NO increase in their income as a result of the
development, yet they are being asked to fund between 1/3 and of the TSD costand will likely
end up paying a much larger share.
The reason for the proposed Reston TSD is that the Board wants to create
a new tax revenue stream whose rates and uses it controls indefinitely.
Reston 20/20 Committee
November 7, 2016
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