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Unlocking the Gridlock A Strategic Vision For Congestion Relief Lieutenant Governor Casey Cagle

Unlocking the Gridlock A Strategic Vision For Congestion Relief Lieutenant Governor Casey Cagle. Where do we need to be? The Big Picture on Congestion. Where Are We Now? The Big Picture on Congestion. Forbes.com ranks Atlanta as the #1 worst city for commuters

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Unlocking the Gridlock A Strategic Vision For Congestion Relief Lieutenant Governor Casey Cagle

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  1. Unlocking the Gridlock A Strategic Vision For Congestion Relief Lieutenant Governor Casey Cagle

  2. Where do we need to be? The Big Picture on Congestion

  3. Where Are We Now? The Big Picture on Congestion • Forbes.com ranks Atlanta as the #1 worst city for commuters • Gridlock costs our citizens in wasted gas, lost wages and less productivity, not to mention time spent away from our families. This is a total cost of $1.75 billion a year. • This does not include lost business opportunities: • Atlanta Business Chronicle Headline, March ‘07: “City's bid for corporate HQ lost in traffic” • Atlanta has lost at least 3 Fortune 500 proposals since Newell Rubbermaid: Chiquita Brands International, MeadWestvaco Corp and the former Kmart Holding Corporation

  4. What is the Process? Taking advantage of private investment • Public-Private Partnerships have proven success • An estimated $185 billion in private capital is looking to be invested in public infrastructure • Other states have won with Public-Private Partnerships: • Virginia:$3 billion Capitol Beltway project • Texas: A PPI on State Highway 131 which will bring in $4.6 billion in revenues to be used for other transportation projects • Indiana: $3.8 billion for the Indiana Turnpike • Illinois: $1.8 billion for the Chicago Skyway • Georgia:$0

  5. What is the process? Local Option Funding • A regional funding mechanism (TSPLOST) is a valuable tool that should be an option for our state • Effective TSPLOST must encompass three points: • Focused on end result of reducing congestion • Statewide perspective • Consensus from business community and legislature • As business leaders, you should have a say in how any local TSPLOST plan operates

  6. What is the process? • Set up a mechanism to drive congestion relief that makes the most efficient use of all funding sources • Identify key congestion relief projects that are in the state • Empower SRTA to implement those projects that have been identified as top priorities

  7. What does the future hold?

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