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- $460,000 per year from Triangle Transit Major Transit Investment Fund <br /> - Orange County Local Government Contributions <br /> o $0 in Year 1 <br /> o $560,000 in Year 2 of plan <br /> o $1.12 million in Year 3 of plan and beyond <br /> - $87 million in borrowing <br /> - State and Federal contributions assumed <br /> Financial Model: Expenditures ($YOE) <br /> - Light Rail Construction Leigh Village — UNC Hospital ($347 million) <br /> - Bus Operations & Maintenance ($132 million) <br /> - Debt Service ($87 million) <br /> - Rail Operations & Maintenance ($61 million) <br /> - Enhanced MLK Bus Facilities Construction ($27 million) <br /> - Eleven new bus purchases and their replacements every 12 years ($12 million) <br /> Financial Model: Balances <br /> - Total Revenue: $673 million <br /> - Total Expenditures: $667 million <br /> - Funds balance in 2035: $6 million+ <br /> Elements of the Plan <br /> - Expanded bus service <br /> - Light Rail Transit (LRT) <br /> - Express Rail <br /> o Amtrak <br /> o High Speed Rail <br /> o Commuter <br /> Regional Bus Expansion (map) <br /> Orange County Draft(map) <br /> - 9 new buses year 1 <br /> - 2 new buses year 2 <br /> - 34,000 new bus hours <br /> Possible Regional Transit Vision (map) <br /> Possible LONG range vision (map) <br /> Maximizing Light Rail & Express Rail <br /> - Light rail links neighborhoods for intra-city travel, short trips <br /> - Express rail links commuters with job centers, pulling two sides of region closer <br /> together <br /> Benchmark Tarqet Date <br /> STAC Plan (completed) May 2008 <br /> LRTP (completed) May 2009 <br /> Intermodal Bill (completed) Summer 2009 <br /> Regional transit planning Winter 2009/2010 <br /> Alternatives Analysis Summer/Fall 2010 <br /> MPO approval vote of Regional Transit Financial Plan TBD <br />