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region to make the case to the public and General Assembly that current funding from state and federal sources is inadequate to meet future transportation needs . They want authority to generate tax funds for transportation projects in a similar way that Charlotte has done over the last year . The plan will take information from the existing Durham , Raleigh , Chapel Hill plans and package them together for the first time . It will identify regional facilities that are high - cost items and present them to the General Assembly in 2001 . A consultant was hired and a draft plan will be unveiled sometime in November . Saunders noted that Charlotte went through similar process that resulted in getting legislation enabling them to have referendum that passes 1/2 cent, which generates approximately a million dollars per year, enough to pay for development of their public bus and rail system . Bonk added that the Mayors ' report would include a menu of possible funding sources , what raising the gas tax by "x " would generate based on current sales and so forth to give people some options to look at . Saunders noted that it would take 20 or more years of funding to complete all the projects in the TIP . The second recent media item was described by Bonk as a Phase II study of the 15 - 501 corridor between Chapel Hill and Durham . Phase I was a " major investment study " and part of a federally mandated process . Phase I looked at both highway and rail transit options , but developed recommendations only for the highway issues , both for the Durham side and the Chapel Hill side . The report left unanswered some specific Issues related to transit — the transit fixed guideway corridor between Durham and Chapel Hill , In Phase II a consultant will look at different options and technologies for both a regional rail ( which is what the Triangle Transit is developing between Raleigh and Durham for Phase I of their system ) and a lighter rail technology (which is more flexible because it can operate on streets ) . A third technology is a bus - way, building a lane for buses either adjacent to the road or in separate corridor . The last alternative is a hybrid called bus - rapid transit, which provides a separate guide - way for buses in some areas . In areas where there are ROW or other problems, the buses would operate in street traffic . The consultant is looking at those four technologies and evaluating possible corridors for each that might someday link Duke University to UNC . In general , the corridor that is being looked at goes from Duke to South Square , parallels 15 - 501 on the south side through Patterson Place , cross I - 40 south of 15 - 501 to the Gateway property, then south parallel with I - 40 through DRAFT CFE 10/09/00 Minutes Page 7 of 10 L:\Carol\CFEMIN\OCT2000CFErevised by rich. doc