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Conversation December 16, 2016 South Florida Regional - PowerPoint PPT Presentation

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Tri-Rail Coastal Link Update and Conversation December 16, 2016 South Florida Regional Transportation Authority Jack Stephens, Executive Director TRI-RAIL DOWNTOWN MIAMI LINK A Public Private Partnership Passenger Rail Land Use Economic

  1. Tri-Rail Coastal Link Update and Conversation December 16, 2016 South Florida Regional Transportation Authority Jack Stephens, Executive Director

  2. TRI-RAIL DOWNTOWN MIAMI LINK A Public Private Partnership Passenger Rail Land Use Economic Development 2

  4. MiamiCentral 4

  6. MiamiCentral 6

  7. Private Sector Contribution • Political Support (Project Champion) • Prime land in downtown (old rail station) • Development expertise • No interest public sector loan during construction • Intercity Rail

  8. Foundations  Q4 – 2015

  9. Train Infrastructure  Q4 – 2016

  10. Concrete Infrastructure  Q1 – 2017

  11. Steel Structure  Q1 – 2017

  12. Platforms  Q2 – 2017

  13. Pre-Cast Canopies  Q3 – 2017

  15. Brightline Intercity Rail Service begins Summer 2017 http://gobrightline.com 15

  16. Public Sector Contribution

  17. Public Funding Plan - Tri-Rail Downtown Miami Link Funding Partner Project Element Total SEOPW CRA Station $17,528,049 Omni CRA Station $3,750,000 City of Miami Station $8,097,030 Bayfront Park Trust Station $250,000 Miami Downtown Development Station $1,267,000 Authority Miami Dade County Station $13,900,000 South Florida Regional Transportation Rail Infrastructure $3,107,921 Authority (Positive Train Control) South Florida Regional Transportation Rail Infrastructure and $17,190,000 Authority Rail Corridor Easement South Florida Regional Transportation Station $5,350,000 Authority Total Project Cost $70,440,000 17

  18. MiamiCentral Station Tri-Rail Brightline Cross section of the “MiamiCentral” Station in Downtown Miami

  19. Tri-Rail Downtown Miami Link • Two-year Negotiation and Financial Plan • 18 month Implementation Schedule Planned Service Late 2017

  20. 20

  21. Potential Future Tri-Rail Coastal Link Phase in Miami-Dade County

  22. Northeast Corridor Link 22

  23. Potential Future Tri-Rail Coastal Link Phases for Broward County

  24. Further Evaluation in Project Development 24

  25. New Rail Bridge Required over New River in Downtown Fort Lauderdale 25

  26. 26

  27. 27

  28. Potential Future Tri-Rail Coastal Link Phases for Palm Beach County

  29. 12/20/2016 29

  30. 12/20/2016 30

  31. Potential Regional Funding Sources Evaluated by TRCL Finance Subcommittee Option Name Source with Florida Statute Reference 1 Special Assessment Special District (Dependent). Chap. 189, F.S. 2 Special Assessment Special District (Independent – non-RTA). Chap. 189, F.S. 3 Special Region Tax Independent RTA. Chap. 163, F.S. 4 Property Tax Increment Community Redevelopment Districts. Chap. 166, F.S. Charter County Regional Transportation System. Chap 5 Sales Tax 212, F.S. 6 Sales Tax Local Government Infrastructure Surtax. Chap. 212, F.S. 7 Transient Sales Tax Tourist Development Tax. Chap. 125, F.S. 8 Gas Tax Local Option Gas Tax. Chap. 336, F.S. 9 Rental Car Surcharge Rental Car Surcharge. Chap. 212, F.S. 10 Registration Fee (Auto) Registration Fee. Chap. 320, F.S. 11 Annual Station Fee Municipal Agreement with SFRTA 12/20/2016 31

  32. What’s Required to Move Forward? 1. Local Funding – Capital – Operating & Maintenance 2. Negotiate Corridor Access Fee 3. Project Development and Federal Discretionary Grants 4. Design and Construction

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