Orange County Business Council Infrastructure Committee March 13, 2012 Will Kempton, OCTA CEO.

Slides:



Advertisements
Similar presentations
General Update March Background As the region grows, increased travel demand on our aging Metro Highway System will continue to create additional.
Advertisements

To insert photo, click View > Master > Slide Master 1.42” x 1.83" To insert photo, click View > Master > Slide Master 2” x 2.68" To insert photo, click.
Orange County Transportation Authority Measure M2 M2020 Update and Select Project Highlights Orange County Business Council Infrastructure Committee December.
Measure M Sunset Action Plan. Overview  Promises Made, Promises Kept  Funding Picture  Use of Measure M (M1) Freeway Funds  Next Steps 2.
Washtenaw County Strategic Space Plan Recommendations November 1, 2006.
Getting Started with Congestion Pricing A Workshop for Local Partners Federal Highway Administration Office of Operations.
County Transportation System Governor’s Transportation Advisory Committee September 14, 2012 Abbey Bryduck, AMC Policy Analyst.
AIRPORT AREA INFRASTRUCTURE TIF DISTRICT: Public Hearing Presentation Oct 21, 2013.
Act 44 Transportation Funding John Dockendorf Pennsylvania Department of Transportation November 2007.
1 Measure M Investment Plan Update. 2 Measure M: A Contract With the Voters Approved by 55 percent of voters in November 1990 after two failures One-half.
I-15 MANAGED LANES Building on Success Institute of Transportation Studies’ Center for Urban Infrastructure March 7, 2003.
Background Why Plan For Transportation? Facts You Should Know Expectations Projects and Costs Conclusions/ Next Steps.
Transportation Infrastructure Bond Corridor Mobility Improvement Account.
Board of County Commissioners November 8, Recommendation Project Background and Location Traffic Analysis Comparison of Alternatives Public Meeting.
County of Fairfax, Virginia Transportation Priorities: Project Timelines and the 2014 Bond Referendum 1 Tom Biesiadny, Karyn Moreland, Todd Minnix, Ray.
1 Interstate 405 Update. 2 Presentation Overview  Share public perceptions and provide information  Answer frequently asked questions related to express.
Office of Project Development Department of Highways Retreat June 12, 2008.
TRANSPORTATION POLICY COMMITTEE FINAL REPORT AND RECOMMENDATIONS PROFESSIONAL AND TECHNICAL STAFF COUNCIL ALUMNI CENTER APRIL 2, 2003.
Texas Department of Transportation Corpus Christi District Harbor Bridge Project U.S. 181 (Harbor Bridge)/SH 286 (Crosstown Expressway) Agency Scoping.
Patrick DeCorla-Souza, P3 Program Manager, FHWA
Pass-through Fund and Grant Programs Update A Presentation by John Hemiup Senior Transportation Engineer October 2012.
Rapid Transit Investment Plan David Armijo, CEO March 19, 2010.
Department of Transportation Final Recommendation of SR-710 Pasadena Working Group Regarding Proposed Alternatives for SR-710 North Project Council Meeting.
Fiscal Years Outlook Preliminary Six-Year Financial Plan and Six-Year Improvement Plan Strategy John W. Lawson, Chief Financial Officer Reta.
October Prop K Strategic Plan & 5-Year Prioritization Programs Presentation to the Citizens Advisory Committee October 24, 2007.
Project Briefing Metropolitan Washington Council of Governments Transportation Policy Board Project Briefing Metropolitan Washington Council of Governments.
Orange County Business Council Infrastructure Committee December 14, 2010 Draft Long-Range Transportation Plan Destination 2035.
Solving Challenges Others Cannot Virginia’s Public Private Partnership Law Toyo University Tokyo, Japan Christopher D. Lloyd September 29, 2008.
Transportation Program Status Orange County Transportation OCBC Infrastructure Committee Meeting April 14, 2009 Kia Mortazavi, OCTA, Executive Director,
2006 Annual Report on the Status of the Implementation of Proposition 400 Management Committee 9/6/06.
Route 1 Project Study Report Overview. A report that describes the transportation problem and identifies the project scope, schedule and estimated cost.
North Central Texas Council of Governments Transportation Department Summary Presentation January 2004 MOBILITY 2025: THE METROPOLITAN.
Department of Transportation Consideration of Potential City of Pasadena Position Related to SR710 Extension Alternatives Being Considered By Metro City.
OPEN HOUSE #4 JUNE AGENDA OPEN HOUSE 6:00 PM  Review materials  Ask questions  Provide feedback  Sign up for list  Fill out comment.
1 Senate Transportation & Housing Committee December 13, 2005 Orange County Transportation Authority.
1 DESTINATION 2030 Update KRCC TransPol and TransTac Meeting Scoping Results Criteria Alternatives May 22, 2008.
Metro South Planning MetroLink in South St. Louis County Metro South MetroLink Extension Alternatives Analysis and Draft Environmental.
Overview of PPI’s in Georgia April 26, 2006 Earl Mahfuz, Treasurer.
MOBILITY 2030: THE METROPOLITAN TRANSPORTATION PLAN FOR THE DALLAS-FORT WORTH METROPOLITAN AREA North Central Texas Council of Governments Transportation.
PROJECT UPDATE PUBLIC OPEN HOUSE #3 OCTOBER 17 4:30 PM – 6:30 PM Dakota County Northern Service Center.
0 Regional Measure 2: Capital Program Update May 12, 2010 Programming and Allocations.
Regional HOT Lanes Study Preliminary Findings An Informational Hearing of the Senate Transportation and Housing Committee Toll Roads and Managed Lanes.
1 AGENDA OPEN HOUSE 6:00 PM  Review materials  Ask questions  Provide feedback  Sign up for list  Fill out comment cards PRESENTATION 6:30 PM.
S.H. 121 – Dallas, Texas Case Study Presentation National Summit on Future Transportation Funding and Finance Strategies April 11, 2007 Michael Morris,
Department of Transportation Submittal of Comments to Caltrans Regarding the Draft Environmental Impact Report/Environmental Impact Statement and Proposed.
Externalities on highways Today: We apply externalities to a real-life example.
1 MnDOT Metro District Proposed Transportation Improvement Program (TIP) Amendment Metropolitan Council January 17, 2007.
City of Biddeford, Maine Capital Improvement Plan for FY2017.
Minnesota’s Urban Partnership Agreement UPA Timeline The UPA agreement with the US DOT requires that the project be operational by September 30, 2009,
Orange County Business Council Infrastructure Committee Overview of RCTC’s Major Projects December 8, 2015.
Regional Transportation Council Mobility Plan Workshop North Central Texas Council of Governments November 12, 2015.
Metro Highway Program Presentation to CMAA Abdollah Ansari
IH-10 Managed Lanes Project: A “Public-Public” Partnership ENGINEERS PLANNERS ECONOMISTS Wilbur Smith Associates Presented at the Value Pricing Conference.
Metric to English Conversion California Bridge Construction Forum March 8, 2006 Mark Leja, Chief, Division of Design California Department of Transportation.
EAST CHEROKEE DRIVE PROJECT UPDATE CHEROKEE COUNTY ENGINEERING DEPARTMENT MARCH 31, 2016.
Revenues Sources for Transportation Financing Jeffery A. Richard Foster Pepper & Shefelman.
Capital Improvements Program (CIP) Council Workshop January 29, 2008 Council Chambers 6:00 p.m.
Counties Transit Improvement Board: Program of Projects & Transit Investment Framework Workshop 3 Board Workshop October 16, 2013.
Measure M2 Performance Assessment
Sully District Council of Citizens Associations January 25, 2017 Susan Shaw, P.E., Megaprojects Director Virginia Department of Transportation.
21st Century Transportation Committee Finance Subcommittee
Arizona Conference on Roads and Streets Multimodal Cities: Addressing Issues in Transit Corridors March 24, 2016.
San Mateo Countywide Transportation Plan update
SANDY SPRINGS CITY COUNCIL MEETING
Proposed Certificates of Obligation Issue
Proposed Certificates of Obligation Issue
Orange County Transportation Authority Citizens Advisory Committee
Briefing to HRTAC re: HRBT Expansion Project Cost Estimates, Funding Mechanisms, and Next Steps December 13, 2018.
Town Council Strategic Planning Session
State Route 55 Improvement Project from Interstate 5 to State Route 91
Presentation transcript:

Orange County Business Council Infrastructure Committee March 13, 2012 Will Kempton, OCTA CEO

M1 – Promises Made, Promises Kept 1  Delivered over $4 billion of improvements  Leveraged $1.2 billion external funds  Accelerated M1 delivery with bonding  Captured cost savings  resulted in bonus project – SR-22  Provided mobility sooner

Passed By Nearly 70% 2

M2 Timeline Measure M2 passed by voters 2007 Early Action Plan adopted 2010 Early Action Plan updated 2011 M2 sales tax revenues began Apr 1

Early Action Plan Objectives In progress or complete by end of Complete conceptual engineering for all M2 freeway projects 2.Start construction on five M2 freeway projects 3.Complete local agency eligibility for streets and roads 4.Award up to $165M for signal synch and road upgrades 5.Expand Metrolink service 6.Award up to $200M competitive funds for transit 7.Complete development work for improved services for seniors and persons with disabilities 8.Complete resource agency agreements/begin allocating funds 9.Complete Water Quality guidelines and begin allocating funds 4

5 Sales Tax Forecast

M2020 Expediting the M2 Freeway Program  Favorable bidding climate  Avoid future inflation  Take advantage of low debt costs  Lock in resources  Deliver mobility early  Similar to M1 approach 6

A.Pay As You Go B.Issue M Bonds C.Issue M Bonds & I-405 Toll Bonds 7 Funding Options M2 Freeway Program

Option A: Pay As You Go (Assumes I-405 Alternative 1) 8

Option A – Pay As You Go Year Delivery questionable due to negative cash balances RED = ready for design, right-of-way & construction

10 Option B: Issue M Bonds (Assumes I-405 Alternative 1)

Option B – Issue M Bonds Year GREEN = M bonds provide funds to accelerate project delivery RED = ready for design, right-of-way & construction Project K – 1 lane each direction I-605 to Euclid All projects are delivered by 2041

12 Option C – M and Toll Bonds (Assume I-405 Alternative 3) $1.8 billion surplus

Option C – Issue M & Toll Bonds Year GREEN = in construction or complete – delivery accelerated by M and/or toll bonds RED = ready for design, right-of-way & construction (may use surplus tolls to accelerate some projects) Project K – 1 general purpose lane each direction plus express lanes facility I-605 to SR-73 All projects are delivered by 2041; potential for earlier delivery

Option C - Surplus Fund Projected Excess I-405 Toll Revenue 14

I-405 Improvement Project 15 Existing conditions Rendering of I-405 looking northwest at Springdale St. overcrossing

Alternative 1 16 Adds one general purpose lane in each direction

Alternative 2 17 Adds 2 general purpose lanes in each direction

Alternative 3 18 Adds an express lane facility and one general purpose lane in each direction

I-405 –Optimizing Throughput 19 Year Vehicles, Northbound PM Peak Hour 4 GP, 1 HOV5 GP, 1 HOV5 GP, 2 Express6 GP, 1 HOV

M2020 Summary  Can deliver entire M2 program  Freeways  Streets and Roads and  Environmental  Keeps promise to voters  Ability to expedite mobility improvements  Potential to deliver beyond M2 plan 20

Next Steps DescriptionDates M2020 OutreachMarch - May I-405 Release of Draft EIR/DEISEnd of April I-405 DEIR/DEIS Public ReviewApril through mid-June Selection of I-405 Locally Preferred Alternative June M2020 RecommendationsJuly 21

Go to website for additional information and to provide your comments