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76 <br /> Additionally, the plan will provide core infrastructure investment that will help support the <br /> goals and objectives of local land use plans in Orange County and its municipalities. In <br /> particular, as evidenced in communities across the country, investment in light rail has proven <br /> to be a great motivator for private companies to build transit-oriented development at <br /> station locations along the rail corridor. This kind of more intense development generally <br /> consists of a mixed-use,walkable environment that can provide a more sustainable <br /> alternative to the suburban growth pattern that exists today, while allowing more open space <br /> to be preserved. <br /> All the elements listed in the Draft Bus and Rail Investment Plan of Orange County are fiscally <br /> constrained. At every turn, the Plan is conservative in revenue assumptions and incorporates <br /> contingencies for capital and operating expenditures. <br /> The draft plan has been shared with the general public, Carrboro Board of Aldermen, Chapel <br /> Hill Town Council, the Hillsborough Town Commissioners, the DCHC MPO, the Burlington- <br /> Graham MPO and the Orange County Commission. The draft plan will be considered for <br /> approval by the DCHC MPO,the Burlington—Graham MPO,the Triangle Transit Board of <br /> Trustees, and the Orange County Board of Commissioners. The Orange County Board of <br /> Commissioners will determine if and when to set a referendum date. Once a referendum <br /> passes,work can begin on implementation of the Bus and Rail Investment Plan. <br /> ❖ As directed by NCGS 105-510.6, Triangle Transit drafted and developed this Plan, <br /> working in collaboration with the citizens, elected officials, and stakeholders from <br /> Orange County, the DCHC MPO, and Chapel Hill Transit. <br /> 9/ 4/,)01 ,) - Page 129 <br />