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Creating Jobs Through Infrastructure Investment National League of Cities March 13, 2012.

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Presentation on theme: "Creating Jobs Through Infrastructure Investment National League of Cities March 13, 2012."— Presentation transcript:

1 Creating Jobs Through Infrastructure Investment National League of Cities March 13, 2012

2 2 SCAG Quick Facts Ventura Orange Los Angeles San Bernardino Riverside Imperial  Nation’s largest Metropolitan Planning Organization (MPO) and Council of Governments (COG)  6 counties, 191 cities and over 18 million residents  Governed by a Regional Council of 84 local elected officials  15th largest economy in the world  9,000 lane miles of freeway  4 major airports  Nation’s global gateway for trade

3 3 SCAG undertakes a variety of planning and policy initiatives to encourage a more sustainable Southern California now and in the future. Planning For The Future

4 4 Regional Challenges CONGESTION AGING INFRASTRUCTURE CLIMATE CHANGE ENVIRONMENT ECONOMY

5 5 Our Vision for the Future of Southern California 5 Mobility Economy Sustainability

6 6 RTP/SCS Bottom-Up Development Process Data gathering sessions & planning workshops in Regional Council and Joint Policy Committee Meetings in Cities met with to update and develop land use and SED forecasts 175 Policy Committee and Subcommittee Meetings in 2011, including CEHD, EEC, TC, RTP Subcommittee, High-Speed Rail Subcommittee 30 Technical Committee Meetings in 2011, including Aviation TAC, P&P TAC, Transit TAC, Subregional Coordinators, Transportation Conformity Working Gr oup 40 6

7 7 Over $525 billion in investments to improve the SCAG region’s transportation system through 2035 $263 billion in capital investments $217 billion in system operations, preservation, and maintenance $45 billion in debt service to advance construction of projects What is included in the Plan? 7

8 8 Highways Image courtesy Metro © 2011 LACMTA 8

9 9 Goods Movement 9

10 10 Transportation Demand Management Active Transportation 10

11 11 Transit and Passenger Rail Image courtesy Metrolink 11

12 12 Land Use Image courtesy MVE & Partners, Irvine, CA 12

13 13 $524.7 billion (nominal dollars) 13 What are the funding challenges and how are they addressed?

14 14 Benefits of the Draft RTP/SCS State Mandate SB 375 GHG Reduction State Mandate SB 375 GHG Reduction Federal Mandate Air Quality Conformity Federal Mandate Air Quality Conformity

15 15 Economic and Job Creation Analysis 15 Economic Times required More Comprehensive Analysis of Impact and Benefits of Infrastructure Expenditures SCAG Retained Team of Leading Economists o Wallace Walrod, Ph.D., Orange County Business Council o Marlon Boarnet, Ph.D., University of Southern California o Christine Cooper, Ph.D., LA Economic Development Corporation o John Husing, Ph.D., Economics & Politics Team Used Regional Economic Models, Inc. (REMI Model) to assess impacts

16 16 Economic and Job Creation Analysis 16 Components of Economic Analysis o Cost/Benefit of Investments o Economic Benefits of Construction Spending o Economic Benefits of an Improved Transportation System o Impacts of Fees

17 Cost/Benefit of Investments 17 Cost/Benefit Analysis Includes:

18 Total 2012 RTP/SCS Cost in Constant Dollars Annualize Costs Translate into per day (365) Adjust for per capita (Average of 20 million) 2012–2035 RTP/SCS Per Capita Cost 18 Cost is Less than $2 per day per capita Cost is Less than $2 per day per capita

19 2012–2035 RTP/SCS Per Capita Benefit 19 Over $5 per day per capita Over $5 per day per capita

20 Summary of Results Employment and Economic Benefits Types 20 ConstructionConstruction Network Benefits Commuting Commuting Accessibility Accessibility Transportation Transportation Network Benefits Commuting Commuting Accessibility Accessibility Transportation Transportation 174,500 Annual Jobs 174, , ,000 Mid-point Estimate 354,000 Annual Jobs 196, ,000 Mid-point Estimate 354,000 Annual Jobs

21 21 Job Creation Benefits (Thousands of Average Annual Jobs) Annual Average CONSTRUCTION ALL NETWORK BENEFITS AMENITY & OPERATIONS

22 22 User Fee Impacts (Thousands of Average Annual Jobs) New jobs and their resulting local, state and federal revenues not reflected Impacts of revenue options with no reinvestment Average SALES TAX HIGHWAY TOLLS FREIGHT FEE GAS TAX VMT FEE All Revenue Options

23 Conclusion 23 - Per Capita Cost is less than $2 per day - Per Capita Benefit is greater than $5 per day Construction Benefits — 174,500 annual jobsNetwork Benefits — 354,000 annual jobsUser Fee Impacts — 67,000 annual jobs

24 24 View the Draft RTP/SCS at 24


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