Potomac Yard Station
The sign in this park indicates that it occupies a potential site for the future Potomac Yard Metro station
|Owned by||Washington Metropolitan Area Transit Authority|
|Platforms||1 island platform|
Potomac Yard is a planned Washington Metro station in Alexandria, Virginia, United States. The station is scheduled to open in 2018. Potomac Yard station will be operated by the Washington Metropolitan Area Transit Authority (WMATA), providing service for both the Blue and Yellow Lines. The station will be located at Alexandria's planned 7,500,000 square feet (700,000 m2) Potomac Yard mixed-use development bounded by the Jefferson Davis Highway (U.S. Route 1) and the George Washington Memorial Parkway. Upon its completion, Potomac Yard will be the second infill station to be added to the Washington Metro system. (The system's first infill station was NoMa – Gallaudet University which opened on the Red Line in 2004).
Plans to construct a Washington Metro station between the Braddock Road and Ronald Reagan Washington National Airport stations on the Blue and Yellow Lines have been proposed since the 300-acre Potomac Yard retail and residential redevelopment began in the late 1990s with the construction of the Potomac Yard Shopping Center. The area of Metrorail at Potomac Yard was originally constructed in a way to allow for a future station.
In June 2008, Alexandria's Planning Commission approved higher-density projects at a town center near the proposed Potomac Yard station site. The first official public meeting on the prospect of the Potomac Yard station was held on February 19, 2009 between Alexandria city officials and the Metrorail Station Feasibility Work Group in Alexandria City Hall.
On June 12, 2010, the Alexandria City Council voted to rezone the 69-acre North Potomac Yard area in an effort to convert the 600,000-square-foot (56,000 m2) big-box Potomac Yard Shopping Center into a 7,500,000 square feet (700,000 m2) mixed-use development centered around the proposed station. Prior to the construction of the Potomac Yard station, the rezoning of North Potomac Yard will allow for 1,400,000 square feet (130,000 m2) of new development with the second phase to allow for 3,700,000 square feet (340,000 m2) of development during the station's construction. Once the station is operational, the development's final build-out will take place.
Estimated costs and financing
The estimation of costs for the construction of the Potomac Yard station increased from $150 million in February 2009 to a cost of $240 million in December 2010. Funding for the station's construction costs is to be partly provided by the city of Alexandria and the Washington Metropolitan Area Transit Authority with the bulk of the funding coming from property owners in close proximity to the station. CPYR, the owner of the Potomac Yard Shopping Center, will contribute $81 million, and the city Alexandria will float about $275 million in bonds to pay for its portion. The addition of the station to the Blue and Yellow Lines will cost roughly $500,000 in fiscal 2010 dollars to operate annually. Alexandria city officials proposed two special tax districts that would supplement developer CPYR's contributions and tax increment financing to cover the cost of the $240 million Metro station and its debt service, totaling an estimated $496.6 million.
On December 18, 2010, the Alexandria City Council unanimously approved a package that funded a large portion of the construction and operations of the proposed Potomac Yard station through the creation of the city's first special tax district. In order to fund the proposed $240 million construction cost of the Potomac Yard station, the Alexandria City Council approved a 20-cent special tax district for the Potomac Yard development. The projected cost to build the Potomac Yard station and the debt servicing paid over a 30-year period will be approximately $500 million. The 20-cent special tax district approved by the council is scheduled to take effect January 1, 2011 on developments within Potomac Yard and will generate about $500,000 a year in new tax revenues. The revenue from the tax district will be added to developer contributions and a soft tax increment financing area to pay bond debt financing over a 30 year period.
In January 2015, the city of Alexandria was lent $50 million from the Virginia state government toward the new station, which will cost between $209-264 million.
Timetable for development
The Potomac Yard project planners completed scoping and alternatives in 2011, and were to have completed a draft Environmental Impact Statement (EIS) by the end of 2013. However, the EIS was delayed, and As of January 2014[update] the EIS is due by March 2015. The station, as originally planned, was supposed to open by 2016, but by January 2015 it was delayed to by 2018.
A second tax district within Alexandria's Potomac Greens neighborhood had been proposed by the Alexandria City Council to aid in funding the Potomac Yard station's construction cost. Residents within the proposed tax district would have been taxed (after the station opened) 10 cents per $100 of assessed property value, generating approximately $185,000 a year. Alexandria city officials removed Potomac Greens from the second tax district in May 2011.
Station layout (planned)
|Westbound||← Blue Line does not stop here (Braddock Road)
← Yellow Line does not stop here (Braddock Road)
|Island platform, not yet constructed|
|Eastbound||→ Blue Line does not stop here (Ronald Reagan Washington National Airport) →
→ Yellow Line does not stop here (Ronald Reagan Washington National Airport) →
|M||Mezzanine||One-way faregates, ticket machines, station agent|
|G||Street Level||Exit/ Entrance|
- Patricia Sullivan (14 January 2015). "Alexandria gets $50 million state loan for Potomac Yard Metrorail station". Washington Post. Retrieved 15 January 2015.
- Goodman, Christy (December 23, 2010), "Potomac Yard Metro funding approved", The Washington Post, retrieved December 28, 2010
- Tuss, Adam (February 17, 2009), "Metro at Potomac Yard?", WTOP-FM, retrieved December 30, 2010
- Potomac Yards Scoping Book
- Associated Press (February 17, 2009), "Alexandria looks into building new Metro station", News & Messenger, retrieved December 30, 2010
- Sun, Lena H. (June 6, 2008), "New Push For Metro Station in Alexandria", The Washington Post, retrieved December 30, 2010
- Krouse, Sarah (June 14, 2010), "Alexandria to rezone Potomac Yard around new Metro stop", Washington Business Journal, retrieved December 30, 2010
- Goodman, Christy (December 9, 2010), "Tax district opposition continues", The Washington Post, retrieved December 30, 2010
- Giles, Ben (December 21, 2010), "Alexandria approves new source for Metro funds", The Washington Examiner, retrieved December 30, 2010
- "Potomac Yard Metrorail Station EIS".
- Goodman, Christy (May 26, 2011), "Potomac Greens neighborhood excluded from special tax district", The Washington Post, retrieved June 5, 2011
- Potomac Yard Metrorail Station Environmental Impact Statement (EIS)
- Potomac Yard Metrorail Station Feasibility Work Group
- Potomac Yard Planning Advisory Group
- Potomac Yard Metrorail Station TIIF Allocation (February 26, 2009)
- Final Potomac Yard Metrorail Station Concept Development Study (February 3, 2010)