Orange County NC Website
Browse       Search
4 <br /> significant project funding milestones if the project is approved to move forward including <br /> approval of State funds in June of 2019 and a Federal full funding grant agreement in early <br /> 2020. <br /> Since these external funding commitments have not been secured, the draft Cost Share <br /> Agreement includes provisions that would trigger discussions about the future of the project if <br /> external revenues do not materialize or are reduced in an amount that would require additional <br /> local funding. If these external funding reductions were to occur, the Agreement would require <br /> the counties to meet to discuss responses which would include modifications to the schedule, <br /> reductions in the scope, or discontinuation of the project. The same response would be <br /> triggered if the project experiences cost overruns or if transit taxes and fees do not yield the <br /> amount of revenues projected in the Plan. <br /> John Tallmadge, GoTriangle Regional Services Development Director, made the <br /> following PowerPoint presentation: <br /> DRAFT ORANGE <br /> COUNTY TRANSIT PLAN <br /> Overview of Draft Plan <br /> Orange County Board of County Commissioners <br /> Exceptional Transit Can Transform Communities <br /> • Provides Access to Jobs and Housing <br /> O Mobility for those who don't drive and choice for those who don't want to drive <br /> • Provides Capacity in Congested Traffic Corridors <br /> O More travel options allow more people to get to and from our downtowns and <br /> universities <br /> • Spurs Economic Competitiveness <br /> O Attracts companies who are recruiting talent <br /> • Grows the Economy <br /> O Every $1 invested creates $4 in economic returns: new jobs and businesses, <br /> expanded tax base <br /> • Helps Plan Our Future <br /> O Guides how and where we develop, protecting open space, creating walkable <br /> places <br /> • Active Living and Better Health <br /> O Studies show transit users are healthier and happier; air and water are cleaner <br /> Regional Transit Vision - graph <br /> Regional Transit Vision - map <br /> Original Plans <br /> • Goals <br /> • Promised projects & services <br /> Original Adopted Plans <br /> • Original Bus & Rail Investment Plans adopted: <br /> O Durham: June 2011 <br /> O Orange: October 2012 <br />