Tag: triple bottom line

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Construction economic & financial economic benefits Going Green Live-work-play Rapidways suburban to urban transformation Transit Uncategorized Urban Planning

at Bathurst & Centre, the goal is more than just a rapidway

With the summer months now behind us, the rapidway project in the Bathurst & Centre community continues to make great progress, with all five vivastations under construction, utility upgrades complete, sidewalks and boulevards well underway, and base and final paving making great headway.

With the rapidway scheduled to open for service by the end of 2019, it’s a good time to remember what the goal of the project is: to design and deliver rapid transit projects that attract, move and connect people to York Region’s urban centres.

This goal translates into what’s called a “triple-bottom-line” contribution to our community – specifically social, environmental and economic benefits. They include:

  • Urban transformation. Emerging along the length of our rapid transit network, traditional suburban development is transforming into more compact urban neighbourhoods that include retail, entertainment, dining, places of worship, residential and offices. As the population of York Region grows and increases in density, we are building transit to service this population.
  • Connections. The new sections of rapidway will consist of 5 new vivastations along Bathurst and Centre, connecting people from Thornhill to Concord, Woodbridge and Vaughan Metropolitan Centre and the subway to Toronto. It will also connect people to the rest of York Region via the Richmond Hill Centre Terminal at Yonge Street and Highway 7, and the future Yonge Subway Extension.
  • New businesses. As new developments provide new housing choices, the area attracts new employers – businesses that want to be located near transit in order to draw on a well-educated workforce.
  • Less driving, more moving. As York Region welcomes this new transit and cycling infrastructure and an increasing population, the result is more transit riders and reduced dependency on cars. Less time spent behind the wheel of a car can have great benefits to long-term health because people walk, run or cycle more – for exercise and to get from place to place.
  • Cleaner air. Every busload has the potential to replace 70 cars, and fewer cars on the road means reduced carbon emissions.
  • Building transit where the people are. The most popular transit routes go where people want to get on and off. People want to get to where the action is, so routes are planned where shopping, services, jobs, and higher-density housing is already along the way. The Bathurst and Centre neighbourhood is a perfect example of this as the community has a multitude of shops and amenities, multi-story condo buildings and residential streets – and busy Viva routes already service the community.

In York Region, a number of urban centres like Bathurst & Centre are evolving into mixed-use communities. At vivaNext, we’re supporting that change by building a fast, convenient rapid transit system. As part of the Centres and Corridors initiative, York Region has a vision and best practices for new mixed-use development to make sure that it gets built in areas which are supported by higher levels of transit.

For information about ongoing vivaNext projects, be sure to subscribe to email updates, and follow us on Twitter. You can also follow us on Instagram, YouTube and Facebook. Questions or comments? Comment below or email us at contactus@vivanext.com.

Categories
economic & financial Urban Planning

change that works

change that works

Cities around the world are searching for safe, sustainable ways to provide mobility to residents across towns and cities. VivaNext, a leader in rapid transit, has risen to the challenge. We pride ourselves on designing a great transportation system that has social significance and measurable benefits.

VivaNext is proud to support the triple bottom line. This business principle holds that business activities should result in financial, social and environmental benefits. The benefits of rapidways are easy to see. For example, the dedicated bus lanes not only allow for fast, convenient service across the region, but they also help facilitate a safer road for drivers, pedestrians and cyclists alike. In addition, emergency service vehicles are able to access the rapidways and cross the median at designated intervals, which improves their response time and bypasses congestion.

What may not be immediately visible, however, are some of the positive economic and environmental impacts rapidways create for communities.

economic development & impact

  • Well thought-out and well-designed transit attracts sustainable, mixed-use development, including new businesses, jobs and a variety of housing options
  • Easy access to transit creates a more desirable mixed-use neighbourhood, and allows for money to be reinvested into the community (through businesses or reinvesting in local infrastructure)
  • Based on other rapid transit projects across North America, property values increase for land within walking distance to transit stations
  • As the Region’s urban transit corridors evolve and attract new retail and restaurants, other new employers wanting to be near transit will follow, continuing to support future economic and social growth

environmental responsibility

  • Every busload replaces approximately 70 vehicles on the road, which means a reduced carbon footprint
  • Rapid transit systems create a safer, more accessible and walkable city

With so many positive benefits of rapid transit, it’s no wonder York Region is a leader in transforming our communities by providing safe, convenient rapid transit. Join us and be moved.

Categories
Urban Planning

putting a value on the benefits of vivaNext

putting a value on the benefits of vivaNext

You already know about all the ways that vivaNext is great for York Region. But beyond the life-style benefits of having a comfortable, convenient rapid transit system, vivaNext is going to bring real financial benefits to our region.

Long before the decision was made to build a rapid transit system, York Region calculated the costs and benefits.  At that time, they would have used the standard Cost Benefit Analysis or CBA. This approach is quite simple: all potential costs and benefits are calculated into dollars, and then compared.  If the sum of the benefits exceeds the sum of the costs, the project makes financial sense.  On this basis, the business case was proven for building vivaNext; Council and Metrolinx agreed; and vivaNext was funded.

Now there are new ways of doing business cases to decide which transit infrastructure projects should be funded. Beyond doing a simple economic test, new methodologies are better at looking at all the complexities to be considered in funding multi-billion dollar projects. One is the triple-bottom line concept, which looks at all the impacts of a project, including social, environmental and economic.

More comprehensive is the Multiple Account Evaluation or MAE method, developed by the Province of British Columbia in the 1990’s.  This method actually assigns values to a project’s impacts.  MAE has become the standard approach used to evaluate whether a transit project deserves to be funded. It looks at all the different impacts, and assigns them to their own “account,” including:

  • A transportation user account, which captures travel time savings, auto operating cost savings and safety benefits from reduced road traffic.
  • An environmental account, which captures the impact on greenhouse gas emissions.
  • A financial account, which consists of the net capital and net operating costs [transportation and maintenance] associated with the Bus Rapid Transit strategy.
  • An economic development account, which captures the impact of capital spending on employment and output in the short term and the impact of additional services and operations associated with the Bus Rapid Transit strategy over the long term.
  • A social and community account, which describes the impacts of the Bus Rapid Transit strategy on land use shaping and specific socio-economic groups.

Using this methodology still requires some judgement to determine the relative importance of each account, reflecting a community’s values and priorities. For example, it will consider how much a community is concerned with environmental impacts, such as reducing greenhouse gas emissions. And it requires predictions of future trends and patterns, which go beyond simple technical analysis. All these impacts are then assigned dollar values.

Ultimately, funding huge infrastructure projects such as vivaNext will continue to require judgement calls about what communities want and value. In a future post we’ll describe how vivaNext stacks up using the MAE approach. But the bottom line is that people in York Region value their quality of life, and having more time for the things that matter. People want more choices in how to get around, they want convenience and reliability, and the ability to live without needing a car.  Based on that analysis, we’re confident that vivaNext makes sense now, and far into the future. We hope you are enjoying those benefits on Highway 7 East!

 

Categories
Urban Planning

transit benefits times three…

transit benefits times three

It’s true that we’re building a key component of the transit infrastructure connecting the GTA, but beyond this we’re also creating measurable benefits. We support the “triple bottom line” business principle, which holds that business activities should result in financial, social and environmental benefits. Part of our vision is to have development and public transit planned together to shape communities, support a sustainable future and promote energy conservation.

More than 1,100 residential units were added during 2014 along the Highway 7 East rapidway. New zoning and municipal plans are ensuring that development is mixed-use – including places to live, work, shop, and green space to hang out. Mixed-use is a more sustainable, environmentally-responsible way of growing for the future. Once transit is in place and urban neighbourhoods are established, residential and commercial developers are attracted, as are new employers who want to be located near transit and a well-educated workforce.

More compact, transit-oriented and walkable areas mean less dependency on cars, and this is good for the health of transit users, bicyclers and walkers. Socio-economic benefits are there for those who find they can get around more affordably, and our carbon footprint is reduced, since each bus can replace up to 70 cars.

Each new rapidway includes tree-lined streets to help maintain our connection to nature and improve air quality. There is also documented evidence that green space results in higher property values, increased business outcomes and reduced energy costs.

As each rapidway project connects York Region, the benefits are three-fold for the environment, our quality of life, and our local economy.