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13 <br /> March 12, 2019 <br /> Liqht Rail Project Update <br /> • Recent Accomplishments <br /> o Execution of nine critical agreements <br /> o $190 million of State funding in STIP <br /> • Recent Updates <br /> o Letter from Duke University president <br /> o Letter from NCRR Board Chair <br /> o Draft Risk Assessment Report from Federal Transit Administration <br /> o Environmental analysis requirements for downtown Durham changes <br /> o Transit Plan Update in development <br /> Light Rail: <br /> • 17.7 Miles, 18 stations between UNC and NCCU. <br /> • Serves three of the top ten employers in North Carolina. <br /> • Direct access to Duke Hospital, UNC Hospital, the Durham VA Medical Center and <br /> downtown Durham. <br /> • Create tens of thousands of new jobs and infuse billions into the local and state <br /> economies <br /> Light Rail Route Map <br /> Connectivity, Opportunity, and Job Creation <br /> • Provides direct connection to three major universities. <br /> • Serves three major hospitals: UNC Hospital, Duke Hospital, VA Medical Center. <br /> • Directly connects three of the top 10 employers in the State. <br /> • Creates tens of thousands of new jobs and infuses billions into the local and state <br /> economy. <br /> Protect Funding <br /> • Project remains eligible for approximately$1.25 billion in federal funding (Full Funding <br /> Grant Agreement anticipated Fall 2019). <br /> • Durham County confirmed its intent to provide an additional $57.6 million in dedicated <br /> transit revenue. <br /> • Impacts of FTA Risk Assessment Report under evaluation <br /> • Updated cost-sharing agreement and transit plan anticipated March- April 2019. <br /> Durham-Orange Liqht Rail Transit Protect Timeline - graph <br /> Recent Updates <br /> - Letter from Duke University president: exploring options to proceed without that cooperative <br /> agreement. <br /> - Letter from NCRR Board Chair: indicated that NCRR was not prepared to execute a lease of <br /> February 28, but are willing to resolve the remaining issues and complete the agreement. <br /> There has since been communications with their CEO about the timing issue, and there may be <br /> some flexibility with that. The attorneys are working on the negotiation of those remaining <br /> terms. There are 2 agreements: a lease agreement with NCRR, and a project agreement with <br /> NCRR, Norfolk-Southern RR, and GoTriangle. <br />