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Agenda - 05-19-2011
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Agenda - 05-19-2011
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3/13/2017 1:52:57 PM
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5/23/2011 3:13:46 PM
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BOCC
Date
5/19/2011
Meeting Type
Budget Sessions
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Agenda
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Minutes 05-19-2011
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\Board of County Commissioners\Minutes - Approved\2010's\2011
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5 <br /> Table 1. Revenue Assumptions and Amounts in the Financial Model($2011) <br /> Revenue Source Durham County Orange County <br /> Federal funding 50%Capital 50% Capital <br /> State funding 25%Capital 25%Capital <br /> Local % cent sales tax $490 million $ 130 million <br /> Local $7 vehicle fee $34 million $18 million <br /> Triangle Transit$3 vehicle fee $15 million $8 million <br /> Local government value capture $0 $0 <br /> Institutional contributions $0 $0 <br /> Parking deck/lot revenues $0 $0 <br /> Rider fares $51 million $11 million <br /> Triangle Transit rental car tax $28 million $14 million <br /> Light Rail Transit Costs <br /> The table below summarizes the capital costs in Year 2011 dollars associated with the stations <br /> and fixed guideway segments between the indicated stations. <br /> Table 2. LRT Capital Costs (in millions of 2011 dollars) <br /> Park& Ride spaces/ <br /> Patterson Place—Gateway Segment $ 80 bus parking bays: <br /> Gateway Station $ 5 500 / 7 <br /> Gateway—Leigh Village Segment $ 95 -- <br /> Leigh Village Station (includes$15 million parking deck) $ 22 1,000 / 7 <br /> Leigh Village—Hillmont Segment $118 -- <br /> Hillmont Station $ 3 <200 / 0 <br /> Hillmont—Friday Center Segment $ 24 -- <br /> Leigh Village—Meadowmont Segment $108 -- <br /> Meadowmont Station $ 2 0 / 0 <br /> Meadowmont—Friday Center Segment $ 27 -- <br /> Friday Center Station $ 2/$ 13 0 / 0 <br /> Friday Center-Hamilton Segment $ 30/$ 68 <br /> -- <br /> Alston Avenue- Patterson Place (including stations) $647 1,300 to 1,600; bus <br /> Hamilton—UNC Hospital (including stations &tail track) $183 parking bays vary <br /> Total capital cost via Meadowmont (via South Square East) $ 1,410* -- <br /> Total capital cost via Hillmont (via South Square East) $ 1,380* -- <br /> Items in RED denote costs for Hillmont route. Items in BLUE denote costs for Meadowmont route <br /> *includes$171 million for maintenance yard and shop not attributed to any particular segment. <br /> Benefits <br /> This document focuses on the third element of the discussion: the benefits that would accrue <br /> to citizens and enterprises, and especially the most direct and quantifiable benefits that can be <br /> linked to specific locations along the corridor. <br /> Page 13 <br />
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