Agenda - 02-27-2014 - 1 - Laserfiche WebLink

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Chapel Hill Transit Forth Corridor Alternatives Analysis Study Chapel Hill Transit North South Corridor Alternatives Analysis Study is the first step in the federal process that will allow CHT to compete for federal funds to build an enhanced transit service project within the corridor. The Alternatives Analysis will examine a variety of public transportation options and alignments and conclude with the identification of a Locally Preferred Alternative (LPA) for the corridor. The study will review the Columbia St./ MLK Blvd transportation corridor. The study is scheduled to begin in October 2013. The anticipated study timeline is 15 -18 months. The study will expand on previous work to identify and evaluate multiple alignments for the corridor and a broad range of service delivery options in order to recommend an LPA that: Durham - Orange Light Rail Project: Planning work continues on the proposed 17 -mile Durham/ Orange Light Rail Transit Project that would connect East Durham, through downtown Durham to Chapel Hill and UNC Hospital. Triangle Transit is working closely with area stakeholders and regional partners to identify and resolve issues as they work to complete an intensive environmental study of the proposed corridor. Work on the light rail has been funded by Triangle Transit's Major Transportation Investment Fund. Beginning in July 2013, additional work Financia Summary In November 2011 and November 2012, voters in Durham County and Orange County passed separate referenda that allowed each county to levy a 1/2 -cent sales tax to fund the Durham and Orange County Bus and Rail Investment Plan (D -O Transit Plan). During the past fiscal year (July 2012 through June 2013), the new transit tax was in effect for three months from April 2013 through June 2013. The D -O Transit Plan is also funded through a portion of the current Regional Vehicle Rental Tax. TY-iangle Transit anticipates receiving other new revenues for the D -O Transit Plan from additional funding sources including a $7 County Vehicle Registration Tax, a $3 Regional Vehicle Registration Tax increase, state and federal grants and customer fare payments. Attachment 2a • improves accessibility, frequency, connectivity, reliability, capacity, speed, and convenience; • improves the level of service and increases ridership to the UNC campus /hospital and provides a necessary connection to the new campus at Carolina North; • provides access and connection to the proposed UNC Light Rail Station; • provides more accessible, safe, and comfortable stations/ stops with pedestrian connections to activity centers in the corridor; • supports future development within the corridor and provides benefits to existing neighborhoods, including low income and minority populations; and • generates wide public and stakeholder support and encourages partnerships among agencies, businesses and organizations in the corridor. on the project will be funded by the new revenue streams identified in the Transit Plan. Construction could begin by 2021 with operations underway in 2026. Hillsborough Amtrak Station: Additional work on the station awaits the result of rail corridor capacity analysis to be performed by Triangle Transit, North Carolina Railroad, and Norfolk Southern. Planning work should begin later this fall and is targeted to be completed within three to four months. April - June 2013 Revenue Sales Tax* Durham County $3,711,255.68 Orange County $989,102.51 Regional Vehicle Rental Tax Durham County $252,347.00 Orange County $123,125.00 *Readers should not assume that these values represent 1/4 of a full year's revenue. Month - to- month variability is high and April 2013 receipts were very low.