Locally Preferred Alternative Funding & Phasing Strategies - - PowerPoint PPT Presentation
Locally Preferred Alternative Funding & Phasing Strategies December 20, 2013 1 Introductions and meeting Purpose Review Locally Preferred Alternative (LPA) Discussion of Funding Strategy Discussion of Phasing Strategy Next
1
Locally Preferred Alternative Funding & Phasing Strategies
December 20, 2013
2
– Schedule – Upcoming meetings
3
4
ETJ
5
extend Rapid service from Tech Ridge to Pflugerville.
and IH 130.
but preserve it as a future transportation corridor.
6
7
Austin’s core.
markets.
network.
8
9
Route Description Capital Cost Annual Operating Cost Connect $7.8 $10.32 Webberville to Central Austin/Urban Rail via MLK $2.4 $2.64 Hutto to Round Rock via US79 $1.2 $1.51 Manor to Highland Mall via US290 $1.5 $2.10 Manor to Tech Ridge Center to LSTAR/Howard Lane Center via Parmer, Howard Lane $1.2 $1.81 University Boulevard Center to Cedar Park/Red Line via University Boulevard/FM1431 $1.5 $2.26 Express $86.0 $3.81 Georgetown to Central Austin via Loop 1/MoPac $4.0 $1.94 Hutto to Central Austin via SH 130/US 290/MoKan/Freight Rail $82.0 $1.87
$4.0
$78.0 Rapid $58.1 $17.14 Extend Burnet Rapid service to Round Rock and Georgetown $38.1 $12.09 Pflugerville to LSTAR/Howard Lane Center via Pecan, Wells Branch, Howard Lane $20.0 $5.05 Park and Ride Facilities $12.0
10
11
– Federal – Regional/local – Recommended sources to be carried forward – Examples of multi-jurisdiction cost sharing
– Regional/local – Recommended sources to be carried forward – Examples of multi-jurisdiction cost sharing
12
Program Description Rapid Express Connect Park & Ride $58.1 M $86.0 M $7.8 M $12.0 M Formula Programs FTA Section 5307 Urbanized Area Formula Funds Formula funds to urbanized areas for transit capital projects and for transportation related planning FTA Section 5337 State of Good Repair Program Formula program to maintain existing fixed guideway systems in a state of good repair. FTA Section 5339 Bus and Bus Facilities Formula program to support transit capital programs. FTA Section 5311 Formula Grants for Rural Areas A State shall expend at least 15 percent of the amount made available in each fiscal year to carry out a program to develop and support intercity bus transportation. Competitive Programs FTA Section 5309 Capital Investment Grant Program (New Starts / Small Starts) Supports major fixed guideway transit capital projects that are locally planned, implemented, and operated. MOKAN FTA Section 5312 Research, Development, Demonstration, and Deployment Projects New competitive grant program to assist agencies with purchasing low or no emissions vehicles. MAP-21 authorized $70 million annually for FY 2013 and FY 2014 subject to appropriations by Congress. FTA Section 5303 Transit Oriented Development Planning Pilot New pilot program for transit-oriented development (TOD) planning grants.
13
Program Description Rapid Express Connect Park & Ride $58.1 M $86.0 M $7.8 M $12.0 M Flexible Formula Programs FHWA Congestion Mitigation and Air Quality Improvement (CMAQ) Funds projects that contribute to the attainment of national ambient air quality standards with a focus on ozone and carbon monoxide.* FHWA Surface Transportation Program (STP) Program with the broadest eligibility criteria. Funds can be used on any of the following: Federal-aid highway; bridge projects; transit capital projects; non-motorized paths, and bridge and tunnel inspection. FHWA Transportation Alternatives Program (TAP) Provides funding for non-motorized transportation improvements. Competitive Programs FHWA Projects of National and Regional Significance Funding for critical high-cost surface transportation capital projects that will accomplish national goals. USDOT TIGER Program Supports implementation of “shovel ready” infrastructure projects, including highways, bridges, public transit, passenger and freight rail, port infrastructure, and intermodal facilities. FHWA National Highway Performance Program Supports the condition and performance of the national highway system including the construction of new facilities
* CMAQ funds could be available should the Austin area become designated as an nonattainment area for air quality.
14
Program Description Rapid Express Connect Park & Ride $58.1 M $86.0 M $7.8 M $12.0 M Existing Sources Capital Metro Sales Tax For services and facilities within the Capital Metro Service Area. Local Jurisdiction Participation Funding could be provided from existing general funds or through a comprehensive transportation bond package Private Participation Private entities agree to pay for capital improvements that provide a direct benefit. Land Contribution or Other Asset Sales Revenues generated from the disposition of excess land
Hotel/Motel Tax Increase/Reallocate tax levied on the gross receipts of lodging within the area served by the transportation project. Vehicle Registration Fee Increase /Reallocate existing vehicle registration fees within the area served by the transportation project.
15
Program Description Rapid Express Connect Park & Ride $58.1 M $86.0 M $7.8 M $12.0 M Potential Source – May Require Legislative Action Capital Metro Service Area Expansion Residents within an outlining jurisdiction would hold a referendum to join the Capital Metro Service Area. Value Capture Defined area within which businesses/residences collectively agree to pay an additional tax or fee in order to fund improvements within the district's boundaries. Parking Tax A parking tax is a tax or surcharge levied on paid parking. The tax could be applied within transportation project’s study area for the use of off-street commercial or employer provided parking spaces. Rental Car Surcharge Taxes or surcharges imposed on rental cars that are leased, either through a countywide gross receipts tax on rental car companies (typically passed along to the customer) or a Customer Facility Charge (CFC) assessed per rental car contract Emission Fee Variable fees applied to classes of vehicles based upon the amount of pollutants they emit. Typically individual vehicles are not measured, rather the charge is imposed by the classification of the vehicle or engine.
16
Program Federal Match / Typical Award Rapid Express Connect Park & Ride $58.1 M $86.0 M $7.8 M $12.0 M Federal Formula Programs FTA Section 5307 Urbanized Area Formula Funds up to 80% FTA Section 5311 Formula Grants for Rural Areas up to 80% FHWA Surface Transportation Program (STP) up to 80% FHWA Transportation Alternatives Program (TAP) up to 80% Federal Competitive Programs FTA Section 5309 Capital Investment Grant Program (Small Starts) 49% FTA Section 5312 Research, Development, Demonstration, and Deployment Projects (Low / No-Emission Buses) up to 80% FTA Section 5303 Transit Oriented Development Planning Pilot up to 80% USDOT TIGER Program $20.0 M
17
Program Rapid Express Connect Park & Ride $58.1 M $86.0 M $7.8 M $12.0 M Local Match Sources Local Jurisdiction Participation Private Participation Land Contribution of Other Asset Sales Hotel/Motel Tax Vehicle Registration Fee Capital Metro Service Area Expansion Value Capture Parking Tax Rental Car Surcharge
18
– Technical Analysis
– Service supplied – Service demand – Regional distribution
– Political Compromise
19
– System-wide costs (buses, maintenance facility, communications, fare equipment, signal improvements) – Location specific costs (stations, passenger amenities, ROW, access/intersection improvements)
20
Service Supply Service Demand Jurisdiction where Capital Item is Located Regional Distribution Hours Revenue Miles Divided Equally among County / Jurisdiction County Washington DC Metro Revenue hours Hampton Roads, VA Milwaukee County Transit LYNX (Orlando, FL) Fixed route service hours
21
Service Supply Service Demand Ridership Regional Distribution Divided Equally among County / Jurisdiction Stations by Jurisdiction Train Miles Washington DC Metro LA Metrolink Commuter Rail Altamont Commuter Rail Express (ACE), CA CalTrain Commuter Rail San Jose/San Francisco South Florida RTA (Tri Rail) Virginia Railway Express
22
Program Description Rapid Express Connect $17.1 M $3.8 M $10.3 M Regional / Local Funds Fare Revenue Conceptual ridership estimates and preliminary fare revenue level assumptions results in a fare box recovery ratio of 15-20% Local Jurisdiction Participation Annual funding from a local jurisdiction’s general funds Advertising Revenue / Naming Rights Advertising revenue on bus or at stops; potential naming rights for major stations Capital Metro Sales Tax For services and facilities within the Capital Metro Service Area. Capital Metro Service Area Expansion Residents within an outlining jurisdiction would hold a referendum to join the Capital Metro Service Area. Value Capture Defined area within which businesses/residences collectively agree to pay an additional tax or fee in order to fund improvements within the district's boundaries. Parking Tax A parking tax is a tax or surcharge levied on paid parking. The tax could be applied within transportation project’s study area for the use of off-street commercial or employer provided parking spaces. Hotel/Motel Tax Increase/Reallocate tax levied on the gross receipts of lodging within the area served by the transportation project. Vehicle Registration Fee Increase /Reallocate existing vehicle registration fees within the area served by the transportation project. Rental Car Surcharge Taxes or surcharges imposed on rental cars that are leased, either through a countywide gross receipts tax on rental car companies (typically passed along to the customer) or a Customer Facility Charge (CFC) assessed per rental car contract
23
Service Supply Service Demand Ridership Regional Distribution Hours Revenue Miles Population / Population Density County Washington DC Metro Revenue hours Place of residence of average weekday ridership Hampton Roads, VA Revenue hours Butte County, CA Revenue hours Milwaukee County Transit LYNX (Orlando, FL) Fixed route service hours
24
Target
Program Federal Formula Programs FTA Section 5307 Urbanized Area Formula Funds FHWA Surface Transportation Program (STP) FHWA Transportation Alternatives Program (TAP) Federal Competitive Programs FTA Section 5309 Capital Investment Grant Program (Small Starts) FTA Section 5312 Research, Development, Demonstration, and Deployment Projects (Low / No-Emission Buses) USDOT TIGER Program
Funds
Program
Local Match Sources Local Jurisdiction Participation Private Participation Land Contribution of Other Asset Sales Hotel/Motel Tax Vehicle Registration Fee Capital Metro Service Area Expansion Value Capture Parking Tax Rental Car Surcharge
25
Target
Funds
Program Regional / Local Funds Fare Revenue Local Jurisdiction Participation Advertising Revenue / Naming Rights Capital Metro Sales Tax Program Regional / Local Funds Capital Metro Service Area Expansion Value Capture Parking Tax Hotel/Motel Tax Vehicle Registration Fee Rental Car Surcharge
26
process:
–Develop project specific capital and O&M financial plan –Evaluate potential financing approaches to accelerate implementation –Reach consensus on cost-allocation methodology “building upon the Capital Metro Service Expansion Policy and regional 5307 fund allocation methodologies already developed”
27
28
Strategy whereby levels of transit service (“supply”) are based on increased levels of transit-friendly development (“demand”) in the North Corridor
increasing levels of activity densities, intensities, Centers, and development types
29
transit service and the Cities’ increased development densities and intensities
periods” (1-5 years, 6-10 years, etc)
– Readiness: Adopting the LPA and defining roles – Launch: Initiate all modes in the LPA – Expand: Increase levels of service as levels of development warrant
30
Implementation Period Transit Service Investment Transit Improvement Strategies (Capital Metro & Cities) Transit-friendly Investment and Development Strategies (Cities) PHASE 1 – READINESS
LPA Adoption Recommend LPA to CAMPO and Cities Roles, responsibilities and cost-sharing Adopt LPA and support the Capital Metro recommendation
PHASE 2 – LAUNCH
Express Service Connect Service Rapid Service Transit Hubs Recommended Capital Metro or joint strategies by each mode and Hubs Recommended strategies by each mode and Hubs
PHASE 3 – EXPAND
Express Service Connect Service Rapid Service Transit Hubs Recommended Capital Metro or joint strategies by each mode and Hubs Recommended strategies by each mode and Hubs
31
Transit Service Levels Transit-friendly Development Development Types Activity Density (Pop.+Empl./acr e) Development Density/Intensi ty CAMPO Proposed Center Types Characteristics Images Rapid or Urban Rail 5-10 minute headways 40+ 30+ du/a 1.00 FAR Regional & Town Centers Mixed Use Activity District High Intensity Commercial and Mixed Use Mid to high rise buildings Parking in podium or separate structure Present in more urban locations Medium and High Density Residential Mid to high rise buildings Parking in podium or separate structure Present in more urban locations Medium Density Residential – Mid Rise 3-4 floors typical Parking in encapsulated or podium garage Present in urban and suburban activity centers Rapid 10-15 minute headways 20-40 15-30 du/a 0.25-1.00 FAR Community Center Medium Density Commercial and Mixed Use 1-3 floor mixed use Combination of surface and decked parking Present in urban and suburban activity centers Medium Density Residential – Low Rise 2-3 floors typical Garden apartment and stacked flat building types Surface parking Connect 20-30 minute headways 10-20 7-15 du/a Less than 0.25 FAR Exurban Center Compact Neighborhood 1-2 floors typical Detached houses on lots less than 5,000sf and town homes
Rear loaded surface parking Low Density Suburban Commercial 1-2 floors typical Commercial retail and garden office buildings Surface parking Local Bus 30-60 minute headways and demand response 0-10 0-7 du/a NA Suburban Single Family 1-2 floors typical Detached houses on lots greater than 5,000sf Front loaded surface parking
32
.
33
– Service designed to provide “center center” linkages between: Agree on “end” and “in between” stop locations for each route “Free” service for the first Develop a “Transit friendly Tool Kit” for the Cities to consider Adapt and apply appropriate ideas from the “Transit friendly Tool Kit” 34
– Service designed to provide “center center” linkages between: Agree on “end” and “in between” stop locations for each route “Free” service for the first Develop a “Transit friendly Tool Kit” for the Cities to consider Adapt and apply appropriate ideas from the “Transit friendly Tool Kit” 35
– Service designed to provide “center center” linkages between: Agree on “end” and “in between” stop locations for each route “Free” service for the first Develop a “Transit friendly Tool Kit” for the Cities to consider Adapt and apply appropriate ideas from the “Transit friendly Tool Kit” 36
– Service designed to provide “center center” linkages between: Agree on “end” and “in between” stop locations for each route “Free” service for the first Develop a “Transit friendly Tool Kit” for the Cities to consider Adapt and apply appropriate ideas from the “Transit friendly Tool Kit” 37
38
incurred during this phase.
documentation, and other project development work tasks will be required.
39
Route Description Capital Cost Annual Operating Cost $29.7 $10.92 Manor to Highland Mall via US290 $1.5 $2.10 Manor to Tech Ridge Center to LSTAR/Howard Lane Center via Parmer, Howard Lane $1.2 $1.81 Georgetown to Central Austin via Loop 1/MoPac $4.0 $1.94 Pflugerville to LSTAR/Howard Lane Center via Pecan, Wells Branch, Howard Lane $20.0 $5.05 Park and Ride Facilities $3.0
*All costs are in millions.
40
Route Description Capital Cost Annual Operating Cost $134.2 $20.37 Webberville to Central Austin/Urban Rail via MLK $2.4 $2.64 Hutto to Round Rock via US79 $1.2 $1.51 University Boulevard Center to Cedar Park/Red Line via University Boulevard/FM1431 $1.5 $2.26 Hutto to Central Austin via SH 130/US 290/MoKan/Freight Rail $82.0 $1.87 Extend Burnet Rapid service to Round Rock and Georgetown $38.1 $12.09 Park and Ride Facilities $9.0
*All costs are in millions.
41
42
– Conceptual Alternatives and Final Evaluation – Local Preferred Alternative – Phasing and Funding Strategy – Public Involvement Process
documents
plan
43
December 20, 2013