MOVING THE BIG MOVE: LAND & DEVELOPMENT FORUM MAY 1, 2012 Paul - - PowerPoint PPT Presentation

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MOVING THE BIG MOVE: LAND & DEVELOPMENT FORUM MAY 1, 2012 Paul - - PowerPoint PPT Presentation

Mar 06, 2023 289 likes •633 views

MOVING THE BIG MOVE: LAND & DEVELOPMENT FORUM MAY 1, 2012 Paul J. Bedford Geographical Context 6 million people today 8.62 million people by 2031 30 municipalities 30 municipalities 4 levels of

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MOVING THE BIG MOVE:

LAND & DEVELOPMENT FORUM

MAY 1, 2012 Paul J. Bedford

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Geographical Context

  • 6 million people

today

  • 8.62 million people

by 2031

  • 30 municipalities
  • 30 municipalities
  • 4 levels of gov’t
  • 10 transit agencies
  • 8,242 km2
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Congestion: Billions annually

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Transit

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www.metrolinx.com

Metrolinx is an agency of the Government of Ontario

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Top 10 Lessons Learned

Edinburgh Manchester London Seattle Salt Lake City Denver Los Angeles Netherlands Germany Quebec New York Atlanta Norway Stockholm Case studies from our global competitors

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Top 10 Re-Cap

  • 1. Earmark revenues to projects
  • 2. Simple easy-to-understand revenue tool(s)
  • 3. Engage and educate the public
  • 4. Public champions
  • 5. Benefit and value for everyone
  • 6. Equity and fairness in cost allocation and
  • 6. Equity and fairness in cost allocation and

pricing

  • 7. Performance reporting and accountability
  • 8. Trial first, followed by implementation

decision

  • 9. Careful and strategic timing

10.Matching funds and other incentives

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“I don’t mind paying taxes, they buy me civilization” they buy me civilization”

Oliver Wendel Holmes

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GTHA Big Potential Tools Estimated

$1B+ per year in Revenues or Financing Road Pricing 10+ cents per km charge on provincial and municipal expressway network Parking Pricing $1 per weekday per non-residential parking space Gas Tax 20+ cents per L Transit Fares 50%+ operating cost recovery from farebox Transit Operating Grant 50%+ operating subsidy from government Transit Capital Grant 50%+ capital subsidy from government Sales Tax 1%+ regional sales tax Debt Financing Supported by dedicated revenue stream

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A True Price Comparison

1L 1L 1L Large 1L Gas $1.37 Evian Water $2.49 $3.00 Milk Second Cup Latte $4.10 Wine $10.00

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Getting Personal

Cost Per Month

Road Pricing Toronto-Oakville 10¢/Km 60Km day

$120 Month

Cable TV

$40-50 Month

Cell phone

$50-100 Month

GO Train Oakville to Union 60Km day

$233 Month

TTC Metropass

$126 Month

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Moving Forward

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Bottom Line

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