Tuesday, July 16, 2013

Infrastructure Committee meeting, 7/16

Again I was in the boardroom. Sat next to a lawyer that immediately engaged with me, and I noticed on his phone the words God and Satan in a note he was composing, and I realized most people have strong religious doctrines in the upper society.
It was a thinner crowd with little on the docket, but I still gained experience, considering I was very vocal despite my youthful naivety. The points addressed:

  • LOSSAN railway corridor: 
    • We estimate increase from 70 trains moving from SAN to LOS Angeles to increase by almost 70% in the next 15 years. 
    • 1/2 of tracks now are single, with debilitating down-times and lags.
    • Only 1/2 is funded by government, the rest will be funds raised or capitalized by public investors
    • 19 projects are being developed now, including 13 miles of double track (design phase), Crossovers, Reconstruction of bridges, and station improvements (i.e. Oceanside)
    • $905 million allocated to trains today, $6.5 Billion for {trains, I-5 and environment protection
    • Allows more efficient passage of freight and passengers in SOCAL
    • Del Mar fairgrounds to have a 1000 ft. platform and new bridge
      • Current bridge is >100 years old
      • Last year 2 million went to races or the fair
    • Maximum speed of 90 MPH currently, 70 trains.
  • Metropolitan Airpark/Brown Field (Otay Mesa)
    • Currently Otay Mesa is under-developed, economic stimulant is necessary
    • 20 year project in 4 phases to impact economy by $840 MM during construction
      • 8,000 temp jobs, 4,000 permanent
      • Currently in a zone green-lighted for development, and as of now under-developed
      • $545 MM in annual revenues when complete
    • 331 acres of airfield development, including manufacturing and other industrial/commercial business
    • Increase local government's general tax fund and generate budget capital
    • Develop a third executive airpark in San Diego, which should be an aerospace hub
    • Project is being opposed by environmental protection (vernal protection) and labor requisites
In my opinion, the oppositions are of very low magnitude, and will not halt operations. The current bidders are well versed in necessitating federal guidelines and will ultimately have this plan issued in the next few months. As of now, $12 MM has been used to design and facilitate the project, and $840 MM is needed total, and $0 will be tax relief. 4 vernal pools will be displaced in the development, while SD county has almost 3,000. Thesis: develop San Diego county. Population density will always be my #1 concern, but considering the airfield is only 20 miles from Downtown, urban development and accommodation should also be the bidder's #1 concern. 

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