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<br />MovingAhead Investment Package Alternatives May 2019 <br /> Supplemental Refinement Report 49 <br />Community feedback during the comment period for the Alternatives Analysis indicated that the <br />“Number of Jobs and Population Served” was an important criterion. That measure assumed that the <br />catchment area for jobs and people is ¼ mile from a stop/station for conventional bus service (No-Build) <br />and Enhanced Corridor service, and ½ mile from a station for EmX service. That measure is not included <br />as one of the Investment Package criteria because it does not provide significant differentiation <br />between the different packages. Since the No-Build and Enhanced Corridor options use the same <br />catchment area assumptions, Investment Packages A, B, and C, as described later in this memorandum, <br />would have virtually the same totals for numbers of jobs and population served. <br />Return on Investment: ROI Return on Investment (ROI) is a financial/economic measure that is intended <br />to determine the benefit of an investment relative to its cost, and is often calculated as a ratio or <br />percentage that compares net gains to net costs. ROI has been included as a criterion because it is <br />important to understand and communicate the relationship of benefits and costs of the investments <br />that would be implemented as part of MovingAhead. Furthermore, as MovingAhead advances, it is <br />important to consider how the investments included in MovingAhead can help meet multiple objectives, <br />including enhancing the safety of the transportation system (Vision Zero), advancing sustainability and <br />environmental goals, promoting equity, and supporting economic development, and continuously <br />coordinate with partner agencies to achieve our community’s goals. <br />The MovingAhead project does not lend itself to a typical ROI financial metric. Many of the benefits and <br />costs of the corridor investments, such as bicycle and pedestrian safety improvements, support for <br />economic development, and tree impacts are difficult to quantify in dollars. However, the benefits and <br />costs of the MovingAhead investment packages are significant and should be carefully considered when <br />choosing a package and deciding whether to move ahead with the investments. <br />All the investment packages will create short-term construction jobs, with more than 100 direct and <br />induced jobs created for every $10 million of construction. In addition, local and state funds may <br />leverage an equivalent amount of discretionary federal funding which would not otherwise come to this <br />community. Perhaps more importantly, the investments associated with MovingAhead will enhance <br />safety for all modes and provide improved mobility, with more frequent transit service, reduced transit <br />travel time, and new bicycle and pedestrian facilities. <br />Specific to each investment package, the following indicators of some aspects of ROI were included in <br />each package description: <br />• The operating cost per added person trip <br />• The estimated overall travel time saved by riders from the transit improvements (assumes that <br />the average trip length is half the one-way bus route length) <br />• Improvements in transit system reliability <br />• Number of corridors with motor vehicle, bicycle, and pedestrian safety improvements. <br />• Acres of vacant transit supportive lands (zoned mixed-use or multifamily residential) within <br />corridor APIs <br /> <br />July 15, 2019, Joint Work Session – Item1