Embed Size (px)
Citation preview
HOT Lanes on I-77What we don’t know…
Sept 9, 2014
Overview
Project Scope Toll Rates Congestion Ingress/Egress Confidential Information
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
Why the difference?
Example: Toll Lane Flyover
Source: NCDOT
The Cost Of Toll Lanes
Source: I-77 JLTCO Report, 4-25-14, WI77 analysis
Taxpayer Obligation
Taxpayer Contribution $88M For private tolling lanes
Taxpayer Subsidy $75M To cover potential revenue shortfalls
Taxpayer Liability $215M Government-backed bonds
Substantial Taxpayer Involvement for Having “No Money”
Source: I-77 JLTCO Report, 4-25-14, WI77 analysis
How Toll Lanes Work Built and operated under an exclusive 50
year contract Vehicles with 3+ occupants use lane for free Electronic Tolling- no toll booths Guaranteed minimum speed “Congestion pricing”
More congestion in “free” lanes = higher price to use toll lanes
No limit on tolls
Business Model Ensures Congestion
Toll Rates 2015
Source: I-77 HOT Lanes Technical Memorandum #6, Stantec, Sept 4, 2012
$20 Round Trip When Toll Lanes Open
Toll Rates 2035
Source: I-77 HOT Lanes Technical Memorandum #6, Stantec, Sept 4, 2012
$40 Round Trip In Twenty Years ???
Cintra’s Answer
Source: “How much will I-77 tolls cost?”, WCNC, August 21, 2014
Congestion On General Lanes
2015 2035 Difference
AM Commute(Minutes)
39.4 71.6 32.3
PM Commute(Minutes)
41.5 69.3 27.8
Total(Minutes)
80.9 140.9 60.0
Source: I-77 HOT Lanes Technical Memorandum #6, Stantec, Sept 4, 2012
Commute Time Lengthens By An Hour per Day
Average Commute Time- Charlotte to Mooresville
Typical Access Point
Source: Executed Comprehensive Agreement
Ingress & Egress
Source: RFI for Senator Tarte, 6-17-14; NCDOT “Managed Lanes” FAQ
Exit 27 (Westmoreland)
Exit ~20 (Hambright)
CharlotteCharlotte
Exit 18 (WT Harris)
Exit 13 (I-85)
Existing LKN Exits Bypassed (23, 25, 28, 30)
MooresvilleMooresville
35
33
30
28
25
23
Exit 36 (NC 150)
Exit 31 (Langtree)
?
??
Patron Confidential Information Foreign company could collect:
Name, Address, Tel #, email, credit card info Drivers license number Vehicle registration information Social Security Number Law enforcement records Financial profiles Medical data
Information shared with: NCDOT (upon request) Authorized employers or contractors Authorized collection agencies North Carolina Public Safety agency (for toll enforcement) Any other public law enforcement agency (for toll
enforcement) Any governmental entity (under applicable law)
Source: Executed Comprehensive Agreement, Sect 8.7, June 26, 2014
Private toll lanes… Are Expensive
$20 daily tolls
Ensure Congestion for 50 years Commute times nearly double
Bypass local businesses Could collect significant personal data
Can be shared widely
Siphon millions out of our local economy and send it to Spain
Private Toll Lanes Are Not the Answer
Status
“Commercial Close” Signed June 26, 2014
“Financial Close” Q4 2014
Time Is Short
Now What?
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
NCDOT STI Scores for I-77 Project
How Does This Rank Against Other Statewide Projects?
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
What do we do now?
Apply pressure to rank the general use project under STI Local elected officials State representatives CRTPO
Seek to null the contract
About Widen I-77
A 501(c) organization Donations are tax deductible Subject to IRS reporting and auditing
Our only shot at avoiding 50 years of tolls…
Appendix
Reprioritizing Transportation Funding
Statewide (40%)~$2.4B
Regional (40%)~$2.4B
Division(20%)
~$1.2B
Per capitaby region
Equallyto Divisions
Project Merit (Data)
5 6 7
8 9 10111213
4321
14
A B C
D E F G
Interstates/ NHS/STRAHNET
/Tolls/Etc
(S) + Hwys, Airport, Rail,
Transit
(S) + (R) + Local
Three-Plus Chances for Funding GP LanesHB817, Strategic Transportation Investments,
Strategic Mobility Fund- Criteria
• Benefit/Cost• Congestion• Economic
competitiveness• Freight• Multi-modal• Pavement
condition• Lane width• Shoulder width
100%
Statewide (40%)~$2.4B
Regional (40%)~$2.4B
Division(20%)
~$1.2B
• Benefit/Cost• Congestion• Economic
competitiveness• Freight• Multi-modal• Pavement condition• Lane width• Shoulder width
70%
• Local considerations
30%
• Benefit/Cost• Congestion• Economic competitiveness• Freight• Multi-modal• Pavement condition• Lane width• Shoulder width
50%
• Local considerations
50%
Much Greater Emphasis on Project Merit
NDOT Divisions
