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Approaches to Financial Conservatism: Revenue <br /> - Plan for minimum balance of $3 million/year (approx 60% of %2-cent annual <br /> proceeds) while running buses, planning for rail <br /> - Use long-term revenue growth assumption (3.6%) below historical average (4.0%) <br /> and economist projections (4.5%) <br /> - Assume no interest on cash balances in plan <br /> - Use bond-market acceptable debt service coverage ratios <br /> Financial Plan: Mix of Rail and Bus Investment (graph) <br /> Are 4,000 Parking Spaces <br /> Enough for Light Rail? <br /> Triangle Transit Onboard Survey, 2009 <br /> - How do you get to the bus stop? <br /> o Walk—40% <br /> o Drive —27% <br /> o Another Bus — 18% <br /> o Dropped Off— 11% <br /> o Bike — 3% <br /> Charlotte Light Rail, Rider Access Summary, 2008: <br /> - Walk to transit trips each day: 10,800 <br /> - Drive to transit trips each day: 4,000 <br /> Rail & Economic Development in N. Orange <br /> New Business Profile: Mystery Brewing <br /> - 620 Valley Forge Rd, Hillsborough <br /> o New local craft beer brewery <br /> o Brewing in Orange County, distributing to Triangle, Triad, Charlotte, NC <br /> Coast, Asheville, & more <br /> - Owner lives in Chapel Hill, close to proposed Gateway rail station. Chose business <br /> location for proximity to I-85/I-40 <br /> "I want to be on the highway in 5 minutes when distributing my beer. I want my customers to <br /> be able to enjoy drinking my product without having to drive home." — Erik Myers, Owner <br /> - Sees densities created by rail as future market opportunity <br /> - Sees Hillsborough as best place for brewing/distribution logistics before or after rail <br /> being built <br /> Is Chapel Hill travel heavy enough for light rail? <br /> Daily Riders by Transit Company, Triangle 2011 <br /> - Chapel Hill Transit: 27,400 <br /> - Durham Area Transit Authority: 17,500 <br /> - Capital Area Transit: 16,000 <br /> o NCSU wolfline: �14,000 <br /> - Triangle Transit: 5,100 <br /> 10 <br />