Agenda Packet 7-15-19 Work Session

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May 2019 Investment Package Alternatives MovingAhead 34 Supplemental Refinement Report • The order of capital costs remained the same with Modified Package A having the lowest capital cost followed by the Enhanced Corridor Package, Packages B and C, and the EmX Package with the highest capital cost • Capital costs improved for one modified package and worsened for two modified packages: o Modified Package A dropped from $119M (Original Package) to $106M (Modified Package) o Modified Package B increased from $181M to $210M o Modified Package C increased from $202M to $274M • Consistency with local plans and policies improved for all three modified packages • Investment in corridors with a higher level of low income and minority populations o Significantly worsened for the Modified Package A (dropping from 98% for the Original Package to 59% for the Modified Package), o Slightly improved for Modified Package B (increasing from 76% to 79%), and o Worsened for Modified Package C (decreasing from 68% to 50%) • The number and acreage of acquisitions worsened for all three modified packages with o Modified Package A increasing from 84/3.5 ac to 96/3.6 ac, o Modified Package B increasing acquired acreage over fewer parcels (from 137/4.6 ac to 131/4.9 ac), and o Modified Package C (from 150/5.0 ac to 176/8.0 ac) • The systemwide operating cost change from No-Build improved for one modified package and worsened for two modified packages: o Modified Package A decreased from $1.9M to -$0.7M o Modified Package B increased from $3.0M to $5.9M o Modified Package C increased from $2.5M to $4.3M • Parking impacts worsened for all three modified packages: o Modified Package A increased from 81 to 119 spaces o Modified Package B increased from 148 to 151 spaces o Modified Package C increased from 217 to 285 spaces • Potential property displacements improved slightly for Modified Packages A and C • As noted above, “Annual Systemwide Increase in Ridership” has not been modeled for any modified package and, therefore, cannot be compared to the original proposed investment packages. After the City and LTD decision makers provide direction on the range of refined investment packages to advance to public hearing, the refined packages will be modeled for annual systemwide ridership. • Supporting corridor development and redevelopment improved for Modified Packages B and C July 15, 2019, Joint Work Session – Item1