Heijmans is a construction company (also doing some developments, but
that's not their core business). Real estate developers are interesting
potential customers, though.
Robbert
Dennis Manning schreef:
> Not much has been discussed on this list about the value
> of involvement of large real estate developers. They can be the link
> or the way to capture the real estate value increase up front. That's
> why I thought this little news item from TP Plus was noteworthy:
>
> A large Dutch real estate development firm named Heijmans (9000
> employees) is planning to market, design, and build PRT in Holland,
> Belgium, and Luxembourg.
>
> No further details available, but it seems like something worth
> staying tuned to.
>
> Also this email from a fellow involved with PRT and a real estate
> developer (see www.beebeedevelopments.co.uk/
> <http://www.beebeedevelopments.co.uk/> ) in Daventry:
If you start with the governments, we'll start with the private
developers (airports being amongst them). In the UAE all the
developments which could use PRT are being developed by real estate
developers, not by the government. RTA (Road and Transit Authority) is
only involved in monorail like projects.
(semi) private developments are going to decide much quicker. We focused
on governments for a couple of years but it never amounted to much -
interest yes, but action no. Basically operating on a 4 year term, you
have to do business in year 1 and start building in year 2. Year 3 and 4
no decisions will be taken as projects can't be finished in time to
contribute to being re-elected :-)
Robbert
Jay Andress schreef:
> I don't quite understand why a developer would put up the money for a
> PRT or DM project. Perhaps in the Middle-East where government and
> developers are sometimes the same group or maybe a large corporation
> such as Microsoft or British Airways, but not with US developers.
> Would developers support it...probably if it was to the benefit of
> their development (after the Las Vegas experience with monorail it
> could be difficult even to get developer acceptance). Any PRT project
> has got to have mostly government money...that is why you need to
> start with government, not the developers.
>
> On Feb 13, 2008 3:58 AM, rob...@2getthere.eu
> <mailto:rob...@2getthere.eu> [2getthere] <rob...@2getthere.eu
Oded Roth,
http://www.transportationet.com
---- Original message ----
>Date: Wed, 13 Feb 2008 13:13:01 -0500
>From: "Jay Andress" <andre...@gmail.com>
>Subject: [t-i] Re: Real Estate Developers
>To: transport-...@googlegroups.com
>
> I don't quite understand why a developer would put
> up the money for a PRT or DM project. Perhaps in the
> Middle-East where government and developers are
> sometimes the same group or maybe a large
> corporation such as Microsoft or British Airways,
> but not with US developers. Would developers support
> it...probably if it was to the benefit of their
> development (after the Las Vegas experience with
> monorail it could be difficult even to get developer
> acceptance). Any PRT project has got to have mostly
> government money...that is why you need to start
> with government, not the developers.
>
> On Feb 13, 2008 3:58 AM, rob...@2getthere.eu
> <br
>
----- Original Message -----From: Jay AndressSent: Wednesday, February 13, 2008 10:13 AMSubject: [t-i] Re: Real Estate Developers
> My understanding is that Ed Anderson got the support of some of these groups
> on his own BEFORE Raytheon was involved, so I don't agree with you that you
> have to have clout...but it helps. That is precisely why we need to band
> together (get ATRA to organize) so we too can have some clout. One of the
> problems with creative technology is that if it is perceived that only one
> person believes in it, it is seen as eccentric. But if a group of people
> believe in it and they come from diverse backgrounds then the opportunity
> for acceptance and success is greatly improved.
And what is wrong with a private raising private capital and then
proceeding to develop and build a demonstrator system and then proceed to
market it? It seems to have been the basis for most successful enterprises
for a long time. I think that the last thing that is needed is a design by
committee or government involvement.
Kirston Henderson
MegaRail®
In the case of the high rise building, you have two choices, the
elevator or the stairs. In the case of a low rise residential
development, you will typically have roads, garages and parking
available (i.e. automobility) plus walking on fairly level
terrain.
Of course, there are lots of different kinds of real estate
developments. It would be helpful to try to sort them out and to
categorize the reasons why PRT would increase land/building values.
Clearly, it would provide a mobility option and connections to
various destinations. PRT might allow higher densities that might
lead to higher ROIs if auto facilities were not required or
included. There might even be some public subsidies provided to
encourage "renewal" of a blighted area that would not otherwise be
developed (like those enjoyed by streetcar projects in some cases).
Depending on its design, it might also have some negative impacts
(e.g. visual intrusion, stations, maybe a little noise, etc.) If PRT
would enable the development of cheap land that has very poor access
that cannot be overcome without high costs, then the real estate ROI
calculation might depend on the benefits derived from the cheap land
versus the cost (capital and operating) of the PRT network. Then,
there is the sizzle factor which is hard to quantify but it certainly
might help with sales. But, it PRT access is the only access
provided, some auto-loving types might not be influenced too much by
the sizzle factor.
Conversations with a variety of real estate developers would probably
be the best way to get some clarity on this matter. A
stimulus/response-type workshop sponsored by the Urban Land Institute
and ATRA might be an effective way to get this kind of dialog to occur.
-------------- Original message --------------
From: "Jay Andress" <andre...@gmail.com>
new contact info: andre...@gmail.com
----- Original Message -----From: Jay AndressSent: Friday, February 15, 2008 10:56 AMSubject: [t-i] Re: Real Estate Developers
I first heard of the project while waiting for an engine to be repaired in New Hampshire, so I can peg the date as 1996. It was on tv, with a computerized clip showing how it would operate, and if certainly did mention a 5$50 million grant.The guideway got bigger because Raytheon owned a plant that produced 4 ft.diameter pipe, and sales were slow, and also because they had a group of electronic engineers that were not really busy.Two rules here: Dont just use something because it is available, and don't get electronic engineers to redesign anything except electronics. Would you ask a plumber to rewire your house?
Jack S.
Here are some details about the Chicago RTA-Raytheon process from Ed Anderson:
May1989: Dick Daly, Marketing Mgr of the Raytheon Equipment Division
and I have lunch with Gayle Franzen, Chairman of the Chicago Area
RTA. He immediately starts working on a PRT program. It turned out
that Tom Floyd, then ATRA Chairman, and the RTA ExDir were old
friends and they met together with Gayle in Washington where Tom
explained the politics of PRT and also gave Gayle the 1988 ATRA PRT Report.
Late August 1989: The RTA Chair, the CTA Chair and Tom Riley, who
introduced us to them, visited Raytheon ready to invest $8m if
Raytheon would do the same. They were surprised that Raytheon did not accept.
October 1988: The RTA decides to prepare an RFP rather than just
giving Raytheon a contract. They select a Technical Support
contractor team headed by Carlos DeMoraes, who had been my boss at
the Colorado RTD in 1974-5. Bill Wilde was part of Carlos's team,
hence I have copied him.
January 1990: The Sr VP and GM of the equipment Division, Walter
Stowell, assigns 20 engineers to work with me in preparation of our proposal.
April 1990: the RTA releases the RFP. I have the document.
Two days later the newly anointed Raytheon President, Dennis Picard,
decides not to prime the project.
George Billman, then with Stone & Webster, and whom I got to know in
the Denver RTD program in 1974-5, has followed our work and begins
working on the S&W President to prime the project.
June 1990. The S&W Pres agrees and we begin meeting with S&W management
July 1990: Ira Smith, former Raytheon engineer and I spend two weeks
in Denver working on the proposal because Billman then worked out of
the S&W Denver office.
August 1990: we submit our proposal and go to Chicago to give a
presentation and answer questions.
Sept 1990 We are picked as one of the two contractors for $1.5m PRT
Design Studies. Intamin got the other.
April 1991: After months of negotiation our contract work starts.
April 1992: Our work on the project finishes and we submit our final
report. The problem then was that we had to come up with $20m to
match the RTA for the Phase II test program. Mainly led by Dick
Daly, we search several possibilities, but by September we have just
about run out of possibilities
Late Sept 1992; Dennis Picard, now chairman and CEO of Raytheon,
because of declining military orders, decides to enter the PRT
business. I get invited to visit with the Raytheon Corporate
Marketing VP. They want to work with us which we do beginning in October.
January 1993: Raytheon CEO formerly decides to invest the $20m and
they get working formally on their proposal.
June 1993: Raytheon presents its proposal to the RTA and get
selected for Phase II
October 1, 1993: work starts on Phase II
August 1994: The Raytheon PRT Project Managers decide to proceed
with the guideway design based on a 3 ft diam pipe.
I think it was in 1997 that Raytheon dropped their PRT work after the
RTA failed to proceed with phase III, which was the Rosemont, IL, 3
mi, 8 station system.
--------------------------------------
There is some additional detail at
http://faculty.washington.edu/jbs/itrans/prtquick.htm > look for
Raytheon's PRT 2000 item.
If there was an Federal money involved, I would guess it might have
been a grant to the Chicago RTA to help pay for their share of the
project. But, I have no information to suggest that any Federal money
was involved.
Another good source is the New Scientist magazine article:
<http://www.newscientist.com/article/mg14119153.600-high-hopes-for-faster-transit--city-planners-are-desperateto-unclog-congested-roads-by-luring-us-out-of-our-cars-and-on-to-publictransport-enter-the-personal-train-that-could-be-running-in-chicago-bythe-year-2000-.html>http://www.newscientist.com/article/mg14119153.600-high-hopes-for-faster-transit--city-planners-are-desperateto-unclog-congested-roads-by-luring-us-out-of-our-cars-and-on-to-publictransport-enter-the-personal-train-that-could-be-running-in-chicago-bythe-year-2000-.html
It says RTA = $18 million, Raytheon = $20 million.
Puts some dates on the development and Taxi-Raytheon relationship.
Same old Vukan criticisms!