Laserfiche WebLink
11 <br /> <br />This package is rated low for consistently with local plans and policies, primarily because investments <br />are only made on two corridors. <br /> <br />Return on Investment <br />As noted, due to the qualitative aspect of many of the benefits, MovingAhead does not lend itself to a <br />typical Return on Investment (ROI) assessment. Package A, like every investment package, will create <br />jobs associated with construction, may leverage discretionary federal funding, and improve safety and <br />mobility. In addition, this package is characterized by the following: <br /> An estimated $1.9 million annual increase in operating cost would result in an estimated <br />385,000, for a cost of $4.94 per added trip. <br /> Total travel time savings for both existing and new riders as a result of travel time savings <br />associated with Package A are estimated at 557,400 hours per year. <br /> Package A would improve system reliability by constructing additional bus priority/exclusivity. In <br />total, 12.6% (6.39 miles) of package corridor lengths would feature bus priority/exclusivity. <br /> Package A would implement moderate safety improvements for motor vehicles, bicycles, and <br />pedestrians on one corridor and greater safety improvements on one corridor, for a total of two <br />corridors. <br /> Transit investments support transit oriented development. There are 116 acres of vacant, transit <br />supportive lands within the corridors with investments. <br /> <br />February 19, 2019, Work Session - Item 1