Description
The Spokane Transit Authority seeks a qualified consultant to conduct a comprehensive Transit‑Oriented Development (TOD) market analysis and feasibility study for its South Hill Park‑and‑Ride site (approximately 2.23 acres). The effort will evaluate development potential, integrate transit‑facility design, produce cost estimates, and deliver a financial feasibility pro‑forma that balances revenue generation with community benefits.
• Conduct market and highest‑and‑best‑use analysis, including walkshed demographics, real‑estate trends, and demand forecasting.
• Produce schematic design concepts (three alternatives) that address grading, utilities, storm‑water, pedestrian/bicycle access, and parking retention.
• Deliver an order‑of‑magnitude cost estimate (± 50 % accuracy) and a “lite” financial pro‑forma covering NOI, cap rates, IRR, and revenue‑sharing scenarios.
• Provide a alternatives‑evaluation matrix and a Board‑ready presentation by the end of 2026.
• Coordinate utility scans, incorporate the existing ALTA survey, and adhere to WA state data standards (NAD 1983 HARN StatePlane Washington North).