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Lowell Streetcar Moving Forward

Lowell Streetcar Moving Forward

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Lowell Streetcar Moving Forward

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Presentation Transcript

  1. Lowell StreetcarMoving Forward June 2011

  2. Overview • Route • Operations & Riders • Benefits • Construction • Operations & Maintenance • Potential System Manager • Next Steps & Conclusion

  3. Why are we considering a trolley? • Practical Benefits: Car-free travel • Economic Benefits: Increase in property values and tax revenue • Intangible Benefits: Enhanced experience for LNHP visitors and UMass Lowell

  4. What was the goal of the trolley study? • Answer some key questions about how to make the trolley a reality: • Where will it go? • How much will it cost? • How will we pay for it? • Provide a framework for constructing, funding and operating the trolley

  5. How is this study different? • Proposes a specific, defined route • Serves UMass Lowell’s extensive campus system • Includes a balanced O&M plan

  6. Moving Forward Moving Forward ROUTE Moving Forward

  7. Moving Forward Moving Forward OPERATIONS AND RIDERS Moving Forward

  8. Level of Service • Trolleys arrive every 10 minutes • 20 Station Stops • Hours of Service • Monday through Thursday: 6 am – 10 pm • Friday and Saturday: 6 am – Midnight • Sunday: 10 am – 8 pm

  9. Comparison of Weekday Service

  10. Streetcar Vehicles Photo Courtesy of Jim Schantz • Newly-built streetcars designed to look historic • Feature A/C, Handicap Access, Electronic Fare Payment • Cost - $1 million per car • A total of nine trolley vehicles for the Lowell Trolley

  11. Projected Ridership(per year)

  12. Moving Forward Moving Forward BENEFITS Moving Forward

  13. Increase in Value of Existing Properties: $86 million or 5% over a 10-year period. Higher rents Increased sales prices Proposition 2½ Limits Trolley will support a higher volume of development and at a faster pace – than without it Over $147 million in additional value $2.6 million in annual tax revenue Economic Development Benefits

  14. Moving Forward Moving Forward CONSTRUCTION Moving Forward

  15. Construction Cost Estimate (millions of $)

  16. Comparison of Construction Cost Estimate

  17. Construction Revenue Sources

  18. Moving Forward Moving Forward OPERATIONS & MAINTENANCE Moving Forward

  19. O&M Cost Estimate(Year 1)

  20. Comparison of O&M Cost Estimate

  21. O&M: Revenue Sources (Year 1)

  22. Moving Forward O&M Revenue Breakdown Moving Forward Moving Forward

  23. Moving Forward Moving Forward POTENTIAL SYSTEM MANAGER Moving Forward

  24. Trolley will most likely be privately operated Manager could be one of two entities: LRTA Non-profit: typically formed by an agreement between the city and transit operator Potential System Manager

  25. Moving Forward Moving Forward NEXT STEPS & CONCLUSION Moving Forward

  26. Moving Forward Moving Forward

  27. 40% of the operating dollars are already being spent 20% of the line is already in place Key Takeaways

  28. Little Rock/St. Louis Trolley Trip

  29. Key Figures • Length of system: 7 Miles • Construction cost: $65.7 million • O&M cost (per year): $3.3 million • Number of riders (per year): 833,555 • Gallagher to South Campus: 25 minutes • Maximum time between streetcars: 10 minutes • Earliest first year of operation: 2017

  30. Lowell StreetcarMoving Forward June 2011

  31. Trolley Design Heritage Streetcar Photo Courtesy of John Smatlak - RPR Consulting • Trolleys every 10 minutes • 20 Station stops • Hours of service

  32. Unit CostCalculation Methodology

  33. O&M Cost: Lowell vs. National Average Comparable Streetcar Systems: • Kenosha, Wisconsin • Little Rock • Memphis • Portland, Oregon • Tampa

  34. Construction Cost: Lowell vs. National Average Comparable Streetcar Systems: • Kenosha, Wisconsin • Little Rock • Memphis • Portland, Oregon • Tampa

  35. 2.5-mile system Construction Cost: $28.5 million New Development: $260 million Little Rock Photo Courtesy of Jim Schantz

  36. 6.5-mile system Construction Cost: $24 million New Development: $137 million Memphis Photo Courtesy of John Smatlak - RPR Consulting

  37. 6.8-mile system Construction Cost: $60 million New Development (HCD Only): $740 million Lowell Photo Courtesy of John Smatlak - RPR Consulting