Orange County NC Website
Browse       Search
28 <br /> Orange County Transit Plan April 25, 2017 <br /> financial health of the plan and the available mitigation At its core, this Plan reflects an opportunity to move forward <br /> strategies can be found in Appendix B. with transit services and projects that will shape the future of <br /> Chapel Hill, Carrboro, Hillsborough, the University of North <br /> As in the 2012 Plan, there remains uncertainty about whether Carolina at Chapel Hill, the UNC Hospital system, the whole of <br /> and how much state and federal funding will be available to Orange County, and the Triangle region. <br /> implement the services and projects in the 2017 Plan, as well as <br /> how much Tax District Revenue will be raised. However, those <br /> funding amounts will be known prior to entry into construction <br /> for any project, providing opportunities to reduce project scope <br /> or revise the schedule, consider other funding sources, or <br /> suspend the projects. This Plan establishes an implementation <br /> process to ensure that projects are developed and funded <br /> responsibly. A description of the implementation process that <br /> will be used to commit Tax District Revenue is included in <br /> Section 6. <br /> A draft of the Plan was released for public comment before this <br /> final Plan was prepared. A discussion of the development of <br /> the Plan and the public involvement process is provided in <br /> Section 7. <br /> This 2017 Plan comes at a pivotal time for Orange County and <br /> the broader region. The Triangle region has grown significantly <br /> and is forecasted to continue growing. There also continues to <br /> be significant public demand for reliable, affordable <br /> alternatives to traveling by private automobile. Yet due to <br /> recent funding reductions at the state and federal level, the <br /> choices embodied in this Plan come with increased reliance on <br /> Tax District Revenue and a greater understanding of the risks <br /> associated with major transit investments. This Plan seeks to <br /> minimize those risks through reasonably conservative <br /> estimates of both revenues and expenditures. <br /> Final Page 4 of 65 <br />