$0

$50m

$100m

$150m

$200m

$250m

Private Public-Private Public

HanceMilleniumKlyde Warren

$0

$50m

$100m

$150m

$200m

$250m

$300m

$350m

Private Public-Private 2 Public

Hance

1MilleniumKlyde Warren

$0

$50m

$100m

$150m

$200m

$250m

$300m

$350m

Private Public-Private 2 Public

Hance

1MilleniumKlyde Warren

1 Includes HR&A estimates for 2014 Hance Park Master Plan redesign.2 Includes value capture methods.

3 Only deck structure costs. Assumes sustained Federal funding to Caltrans at 2015 levels.

Deck Infrastructure Costs and Funding

Park Construction Costs and Funding

$0

$5b

$10b

$15b

$20b

$25b

$30b

Local/Regional State Federal

CaltransTotal California Trans. Funding

Space 134 Deck Costs Other

20-Year Federal Highway Funding

for California*

$92 billion

Funds for the deck structure could come from a wide variety of public sources, but will require extensive grassroots efforts to demonstrate Space 134’s wide- ranging community impacts in Sacramento and Washington, D.C.

Philanthropy, as in the case of Klyde Warren Park, can kick-start the park development process, and will be essential to creating a high-quality park, as there are limited sources of public funds for open space improvements.

In most cases, capital funding requires a mix of public and private funding, with deck infrastructure funded publicly, and the surface park and amenities drawing heavily from private sources.

Successful implementation will require local government to leverage public-private partnerships. To revitalize an unsuccessful, publicly-funded freeway cap, an organization in Phoenix plans to privately fund a new signature park.

CAPITAL FUNDING

PUBLIC RESOURCES

PHILANTHROPICRESOURCES

LAYEREDRESOURCES

California Transportation Funding (2015)

Philanthropy as Share of Park (not Cap) Costs

Space 134 as a Share of Anticipated Federal Highway Funds for California (2015-2035)

Space 134 would be about 0.5% of CA’s Federal transportation allotment over the next 20 years.3

BUILDING A CAP PARK

Illustrative Space 134 Capital Funding

Proposed Redesign of Hance Park, Phoenix, Arizona

0%

20%

40%

60%

80%

100%

Rose

Kenned

y

Yerba

Buena

Hance

Par

k

Discove

ry

Green

St. Louis

City A

rch

Mille

nnium

Klyde

War

ren

OtherPhilanthropy

$25m

$150m

Philanthropy

Other Federal,State &Local

Partner-ships

ValueCapture

$50m

$75m

$100m

$125m

$200m

Philanthropy & public-partnershipsmay cover

between 20-30%of Space 134’s total capital costs.

W W W. S PA C E 1 3 4 . O R G

BUILDING A CAP PARK

$0$100k$200k$300k$400k$500k$600k$700k$800k

Hance

Rose K

enned

y

Brookly

n Brid

ge

Discove

ry G

reen

Yerba

Buena

Mille

nnium

Klyde

War

ren

Highly-programmed, signature downtown parks require significant annual operating funding, ranging from $250,000-$750,000 per acre, and earned income rarely exceeds 20 percent of total expenses.

Active park elements like cafes and spaces for events can help subsidize a small portion of park operation costs, but it will be important to balance active elements with community-serving passive park spaces.

In addition to annual fundraising, private organizational support will be essential to a ensure a high-quality park and to ensure continued maintenance, operations and engaging programming.

OPERATIONAL FUNDING

EARNED REVENUE

ONGOINGSUPPORT

CAPABLE GOVERNANCE

Weighted Average$340k

Annual Operating Costs, per Acre

Signature Urban Park Operating Resources

Philanthropy Earned Income

Public (City)

Public

Klyde Warren

Public

Millennium Discovery Green

13%

15%

72%7%

56%37%

38%

41%21%

Factors for Determining Philanthropic SupportIllustrative Space 134 Earned Income

The long-term sustainability of Space 134 will require significant governance and operating resources, which may mean a public-private partnership and continued City support from discretionary or dedicated funds.

$0

$100k

$100k

Caf

e

Food

Truc

ks

Prog

ram

s

and

Even

ts

Res

taur

ant

$200k

$300k

$400k

$500k

$600k

$700k

$800k

$900k

$100k

Earned revenue from Space 134 may cover

between 10-15% of the park’s annual operating costs.

Public-private partnerships and earned income may cover

between 20-30%of Space 134’s annual operating costs.

Millennium Park, Chicago, Illinois$100k

$250k

$2.5m

$500k

$750k

$1.0m

$1.5m

$2.0m

Earned Income

Other Federal,State &Local

Partner-ships, and

Philan-thropy

ValueCapture

Illustrative Space 134 Operational Funding

RegionalPhilanthropic

Capacity

FundraisingAbility

ParkProgramming

and Amenities

W W W. S PA C E 1 3 4 . O R G

OPERATING A CAP PARK