Agenda - 10-02-2012 - 7e - Laserfiche WebLink

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33 Assumptions in Orange County and Durham County Financial Plans for Bus and Rail Transit September 26, 2012 ASSUMPTIONS ORANGE DURHAM Sales Tax Growth Rate to 2015 1.00% 2.00% Sales Tax Growth Rate 2016 and Beyond 3.60% 3.50% Light Rail Capital Cost Responsibility (Percentage) 22.95% 77.05% Light Rail Operating Cost Responsibility(Percentage) 23.95% 76.05% Light Rail Capital Cost Share Based on Current Cost Estimates ($2011 millions) $ 316.2 $ 1,061.8 Light Rail Operating Cost Share Based on Current Cost Estimates($2011 millions) $ 3.46 $ 10.98 MLK Bus Lanes Capital Cost ($2011 millions) $ 22.1 NA MLK Bus Lanes Operating Cost* ($2011 millions) $ - NA Hillsborough Intercity Train Station Capital Cost ($2011 millions) $ 8.0 NA Hillsborough Intercity Train Station Operations Cost ** Not part of plan Amount borrowed by Triangle Transit to execute the plan ($2011 millions) $25 $165 Plan Minimum Cash Balance ($2011 millions) $4.1 $12.9 OUTCOMES New Bus Hours in First Five Years of Plan 34,650 45,000 Total Cumulative New Bus Hours by End of Plan (Year 2035) 40,950 87,500 Opening Year for Hillsborough Intercity Train Station 2015 NA Opening Year for MLK Bus Lanes 2019 NA Opening Year for Light Rail 2026 2026 "Rail Dividend" Bus Hours that can be re-directed when Light Rail Opens 30,000-45,000 12,000-35,000 Plan Cash Balance in 2035 ($2035 millions) $45 $89 Plan Cash Balance in 2035 ($2011 millions) $23 $46 *MLK Bus Lanes have no operating costs because existing, already-paid-for bus services will be-re-organized to use the bus lanes **Operations cost of Intercity Rail Station assumed to be covered in existing station plans by NCDOT Rail Division and Town of Hillsborough. Capital Cost contribution of the Orange County plan is 10%of total capital cost for Hillsborough train station. Light green indicates updated cell or figure since previous draft