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Approaches to Financial Conservatism: Revenue <br />- Plan for minimum balance of $3 million/year (approx 60% of %Z-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 />"t 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 />