Agenda - 04-27-2017 - 1 - Consideration of the Final Draft Durham – Orange Light Rail Cost Sharing Agreement and Final Draft Orange County Transit Plan

Browse Search

25 Orange County Transit Plan April 25, 2017 Executive Summary of this plan have not changed from the original plan. They Over several decades, the Triangle has been one of the fastest remain: growing metropolitan regions in the United States, and this • Improving overall mobility and transportation options growth remains strong. Each day, 20 new residents call Durham . Providing geographic equity and Orange County home, while Wake County adds over 60 . Supporting improved capital facilities new residents daily. This growth brings challenges and opportunity for how both communities develop and how • Encouraging transit-supportive land use people get around. This region is what it is today because of • Providing positive impacts on air quality numerous strategic decisions—the siting of the State Capitol in There are four dedicated revenue streams used to fund the Raleigh, the creation of the first public university in the United local share of projects and services in this Plan, referred to States in Chapel Hill, the construction of the North Carolina throughout the Plan as Tax District Revenues. These revenues Railroad through Durham, and the decision to build a research are collected in both Durham and Orange Counties; the center amid these communities that has grown into a globally revenues governed by this Plan are those collected in Orange recognized center of science and technology. County. These four dedicated Tax District Revenue streams are Built to complement each other, the transit plans of Durham, as follows: Orange, and Wake counties are the expression of the region's . Article 43: Half-Cent Sales and Use Tax next strategic decision: that exceptional public transportation . Article 50: Five-Percent Vehicle Rental Tax can bring all of our communities together in a way that • Article 51: Three-Dollar increase to GoTriangle Regional supports economic growth, expands travel choices beyond increasingly congested roadways, enhances job access and Vehicle Registration Fee opportunity for residents across the income spectrum, and • Article 52: Seven-Dollar County Vehicle Registration Fee helps preserve our natural resources by focusing growth more Many of the projects and services in this Plan will be funded in transit corridors and less near environmentally sensitive through a combination of Tax District Revenues and other funds areas. including farebox revenues, state funds, and federal funds. The 2017 Orange County Transit Plan updates the 2012 Bus and Using these various funding sources, this Plan strives to Rail Investment Plan adopted by the governing boards of equitably meet the transportation needs and goals of Orange Orange County,the Durham-Chapel Hill-Carrboro Metropolitan County. Planning Organization (DCHC MPO), and GoTriangle. The goals Final Page 1 of 65