Laserfiche WebLink
105 <br />DOWNTOWN <br />UNIVERSITYOF OREGON <br />W I L L A M E T T E RIV <br />E <br />R <br />W 6TH AVE <br />W 7TH AVE 5 <br />W 11TH AVE <br />SKINNERBUTTEPARK <br />ALTONBAKERPARK <br />AUTZENSTADIUM <br />MLK JR. BLVD <br />W CENTENNIAL BLVD <br />SPRINGFIELD <br />OA <br />K <br /> <br />S <br />T <br />P <br />E <br />A <br />R <br />L <br /> <br />S <br />T <br />C O B U R G R D <br />E 8TH AVE <br />1/4 1/2 3/40 1 Mile <br />N <br />Dedicated Transit Lane <br />Business Access & Transit Lane <br />Roadway Improvements <br />No Roadway Changes <br />Existing EmX Line <br />New or Improved Stop <br />Existing Stop <br />Bicycling improvements <br />Enhanced Pedestrian Crossing <br />Bicycling <br />Walking <br />Driving & Riding <br />MAP LEGEND <br />Business Access and Transit Lanes with Multi-use Path1 <br />1 <br />Service continues into Springfield <br />without infrastructure invesments <br />Enhanced Corridor Alternative <br />Martin Luther King, Jr. Blvd. Corridor Funding Plan <br />As part of the MovingAhead project, a funding plan <br />for implementation of the corridor investments <br />will be developed. The plan will consider potential <br />funding options and the timing of corridor <br />investments, with the goal of using local dollars to <br />leverage state and federal funding to provide the <br />most efficient overall funding strategy. Given the <br />multiple revenue sources and the evolving nature <br />of potential project funding, the funding plan must <br />be nimble, providing flexibility to take advantage of <br />funding opportunities as they arise. <br />An advantage of the MovingAhead approach of <br />evaluating multimodal transportation investments <br />across multiple corridors at once is that the <br />funding plan can consider creative implementation <br />approaches based upon available funding sources, <br />such as: <br />• Combing two corridors into a single funded <br />project <br />• Implementing some initial, lower level <br />investments, such as transit signal priority or <br />sidewalk infill, across all corridors at one time <br />• Blending a combination of mode-specific funding <br />into an overall funding package <br />The funding plan will consider both capital costs and <br />operations and maintenance (O&M) costs. Capital <br />costs are one-time investments needed to construct <br />the corridor infrastructure, such as project design <br />and engineering, property acquisition, vehicle <br />purchases, and construction. O&M costs include <br />ongoing operation of the service, such as operator <br />wages, vehicle fuel and maintenance, administrative <br />and supervisory costs, and general upkeep of the <br />infrastructure investments. <br />Capital Costs <br />There are many potential sources for <br />funding the implementation of corridor <br />investments. Federal funding may be available to <br />pay for up to 50% of project costs, with the most <br />promising federal funding coming from the Federal <br />Transit Administration’s Small Starts Program. While <br />the EmX alternatives clearly qualify for that program, <br />the Enhanced Corridor alternatives may or may not <br />qualify, depending on how those alternatives are <br />developed and defined. State and other federal <br />funding may be available to assist with transit, <br />bicycle, and pedestrian investments. <br />Possible Capital Funding Sources: <br />• FTA Small Starts <br />• FTA Formula Funding <br />• Better Utilizing Investments to Leverage <br />Development (BUILD) grants (formerly called <br />TIGER grants) <br />• State Lottery Funds <br />• ConnectOregon (for bicycle and pedestrian <br />improvements) <br />• All Roads Transportation Safety (ARTS) (for safety <br />improvements) <br />Operations and Maintenance (O&M) Costs <br />O&M costs are funded through LTD’s <br />annual budget. LTD maintains a Long-Range <br />Financial Plan that projects O&M revenues and costs <br />for a rolling 10 year period. That plan will be used to <br />evaluate the system-wide O&M funding needs along <br />with how the MovingAhead investments fit into the <br />overall funding picture. Gaps in O&M funding can be <br />addressed through changes in the corridor service <br />levels, the timing of the implementation of the <br />new service, or by identifying additional funding. It <br />should be noted that most of the Enhanced Corridor <br />Alternatives could result in an overall decrease in <br />O&M costs. <br />This map shows the transit, <br />bicycle, and pedestrian <br />investments included in the <br />MLK, Jr. Blvd. build alternative. <br />Martin Luther King, Jr. Corridor | 2928 | Executive Summary: MovingAhead Alternatives Analysis Report September 19, 2018, Work Session - Item 1