Embed Size (px)
Citation preview
HOT Lanes on I-77How did we get here and what do we do?
October 30, 2014
The Problem
Congested stretch of four lane road
from mm21 to exit 36…
with “no money” to widen it
A Solution
Add a general purpose lane in both directions
•13 miles•$80- 130M (est)
Source: “I-77 Feasibility Study,” December 7, 2009
The Current Plan
Privately Operated Toll Lanes
•27.5 Miles•$655 M•50 year contract•Cintra, a Spanish company
Source: NCDOT Press Release, April 11, 2014
Taxpayer Contribution
Taxpayer Up-front Payment $88M For private tolling lanes
Taxpayer Subsidy $75M To cover potential revenue shortfalls
Taxpayer Liability $215M Government-backed bonds
26.5 miles of public right-of-way Leased exclusively at no cost to private
company for 50 years
Source: I-77 JLTCO Report, 4-25-14, WI77 analysis
Example: Toll Lane Flyover
Source: NCDOT
The Cost Of Toll Lanes
Source: I-77 JLTCO Report, 4-25-14, WI77 analysis
A bloated non-solution that siphons millions from our economy for generationsA bloated non-solution that siphons millions from our economy for generations
How Did We Get Here?
State Level
Regional Level
Local Level
How Did We Get Here?
“We have $70 billion in identified and ranked
transportation projects with only $11 billion to
pay the bill.”
Some NC Transportation “Needs”
$6.4 Billion for toll roads 9 out of 10 most expensive projects are tolled $4.6 billion “cost to NCDOT”
$717 million for new 4-lane From Lenoir (pop 19,000) to Tarleton (pop 11,000)
$306 million to widen NC-33 From Grimesland (pop 400) to Aurora (pop 500)
$600 Million for Urban Loops Wilkesboro, Red Springs, Lillington et al
Source: NCDOT 9-24-14 Priority 3.0 Final Scores
With these “needs”, no wonder NCGA really wants to build tolls…With these “needs”, no wonder NCGA really wants to build tolls…
North Carolina’s First Toll Road
$(60)
$(50)
$(40)
$(30)
$(20)
$(10)
$-
$10
$20
$30
Revenues: $24M
Operating Exp: $21M
Debt Service: ~$50M
$47M Annual Shortfall
Source: NCTA Annual Report, WI77 analysis
Triangle Expressway Financial Results
Who pays the difference?Who pays the difference?
How Did We Get Here?
State Level Supports tolling
Regional Level
Local Level
How Did We Get Here: Part 2
$158 Million bonus for building tolls (HB-817)
Allocated by CRTPO (formerly MUMPO) Initially ranked widening I-77 w/ general
lanes as #92 Voted unanimously for toll lanes
Bonus Allocation
Source: Transportation Funding Update, Huntersville Town Board, Oct 20, 2014
Bonus Allocation
Source: Ibid. Bonus money ensures regional support for tolls…Bonus money ensures regional support for tolls…
How Did We Get Here?
State Level Supports tolling
Regional Level Supports tolling
Local Level
Local Efforts
June 21: A majority of LKN
commisioners request Governor to delay contract signing
June 26: NCDOT:“No foundation
for delay” Sign contract
Local voices ignored…Local voices ignored…
How Did We Get Here?
State Level Supports tolling
Regional Level Supports tolling
Local Level Ignored by NCDOT
It’s up to us…It’s up to us…
Widen I-77’s Efforts 20+ presentations Exposure on virtually every local media outlet National exposure
Washington Times Wall Street Journal ABC News
Public engagement ~5,000 petition signatures ~1,000 cards to the governor 4,000+ FB “likes” Blog hits ~ 100K+
Widen I-77’s Efforts (Con’t)
Retained Legal Counsel Determine most viable strategies for
legal action
Next Steps
File injunction* Bring suit* Re-rank GP project
*as funding allows*as funding allows
About Widen I-77
A 501(c) (3) organization Donations are tax deductible Subject to IRS reporting and auditing
It’s up to us…It’s up to us…
Thank You
WidenI77PO Box 792Cornelius, NC [email protected]
Your donations are tax-deductible. Fifty years of tolls aren’t.
Your donations are tax-deductible. Fifty years of tolls aren’t.
Appendix
Typical Access Point
Source: Executed Comprehensive Agreement
A New Funding Paradigm: STI
Passed last summer HB 817
Replaces Equity Formula Favored rural over urban areas
More data-driven Supposed to remove pork politicking
I77 General Purpose Lane Project
I77 scores higher than 33 funded projects
Projects to be funded
Projects unfundedI-77 GP project through Lake Norman
73 “Statewide” funded projects
377 Unfunded Projects
Highest scoring funded project
Lowest scoring funded project
A General Purpose Lane Project Would Likely Be Funded…
The Bad News: STI Corridor Cap
A maximum of 10% of projected funding in the “statewide” category
A “corridor” is defined as “any contiguous projects or group of projects”
Since I-77 South (i.e. Charlotte) scores higher it would use all corridor cap money
NCDOT says corridor cap applies... we disagree, but…
The Good News…
Corridor cap only applies to STATEWIDE Category
I-77 LKN could still be funded under Regional and Division categories 60% of total fundng ~$9B dollars
I-77 general use project eligible to be ranked as early as July 2014!
Six Month Wait vs 50 Years of Tolls
NCDOT STI Scores for I-77 Project
How Does This Rank Against Other Statewide Projects?
