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Reacting to Trends Rising gas prices! Decreasing public funding for transportation. TDM becoming more needed in new development. Modified tax benefit.

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Presentation on theme: "Reacting to Trends Rising gas prices! Decreasing public funding for transportation. TDM becoming more needed in new development. Modified tax benefit."— Presentation transcript:

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2 Reacting to Trends Rising gas prices! Decreasing public funding for transportation. TDM becoming more needed in new development. Modified tax benefit now includes bicycling.

3 Reaction to Rising Gas Prices Rideshare applications up 4 in many communities Transit capacity reaching it limits in many communities Vanpooling a strong alternative to limited transit supply

4 Reduced Public Funding Decreased revenues nation-wide Focus on worst-case maintenance Looking at more pay-as-you-go options Urban Partnership demonstration programs focused on Tolling, Telecommuting, Transit and Technology (Miami, Seattle, San Francisco and Minneapolis)

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6 TDM and New Development Access-Access-Access TDM supports TOD Unbundling parking including residential Increasing car-free households Significant savings for the commuter, developer and community

7 Case Example Clayton Lane, Denver CO –Mixed used development –Subsidized transit passes –Active promotion through Transportation Solutions (local TMA) –Bike station –Strong pedestrian connections

8 Case Example Roslyn-Ballstron Corridor, VA –12% don’t own cars –Corridor produces 33% of real estate tax revenue from less than 8% of county land area – lowest taxes for any major jurisdiction in Northern Virginia. –Award winning TDM program –Performance monitoring –42% SOV

9 Parking Reduction Savings (Boulder Transit Village Study) One possible scenario: –No TDM 100,000 SF commercial development 320 parking spaces (3.2/1,000 SF) $6.4 million to construct ($20,000/space) Monthly costs $42,000 (20 years at 5%) –With TDM 150 parking spaces (1.5/1,000 SF) $3 million to construct Monthly cost $19,000 $8,350 monthly cost for TDM services and incentives Net monthly savings ~ $14,650

10 Modified Tax Benefit The Emergency Economic Stabilization Act of 2008 : H.R. 1424 (bailout) bill signed into law by President Bush includes expanding qualified transportation fringe benefits (Section 132(f) ) to allow up to $20.00 per month for bicycle commuters. For most employees, those who ride transit or commuter highway vehicles (e.g., vanpool) can receive up to $115.00 per month tax free. They can also receive $220.00 per month tax free for qualified parking. H.R. 1424 Bicycle benefit takes effect in January 2009.

11 TDM in Dubai Emirate with 2.2 million people (80% foreign) Double in size by 2020 Significant congestion Need both short and long term strategies

12 Measures Ridematching – www.sharekni.aewww.sharekni.ae Studying staggered work hours and alternative work schedules Developing parking pricing around rail station areas to encourage transit use (opening in 2009) Congestion pricing

13 Thank you! www.urbantrans.ca


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