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3 rd Annual California Passenger Rail Summit

3 rd Annual California Passenger Rail Summit. Innovative Transportation Financing Art Guzzetti Vice President – Policy American Public Transportation Association. APTA in context.

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3 rd Annual California Passenger Rail Summit

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  1. 3rd Annual California Passenger Rail Summit Innovative Transportation Financing Art Guzzetti Vice President – Policy American Public Transportation Association

  2. APTA in context • Principal public transportation trade organization in North America, with more than 1,500 transit, business, and other members. • Began in 1882—the era of horse-drawn street railway cars.

  3. Key Presentation Points: • Economic and Social Trends Continue in our Favor • APTA study quantifying economic and social returns • Best practices in transit creativity • APTA recommendations for a comprehensive and ongoing federal HSIPR program • Real estate is the next big thing!

  4. National Trends Affirm a Rising Demand for Public Transportation • Population Growth • Urbanization • Demographic • Economic • Energy & Environment • Affordability

  5. Salt Lake City: Efficient Growth

  6. Charlotte: Transit Corridors

  7. System Expansion Each Year in Dallas

  8. Rail Transit Comes to the Valley of the Sun

  9. High-Speed Rail Project Pipeline • 2460 track miles under construction • 680 ready for construction • 5,675 track miles preparing for construction

  10. Proposal for Federal HSIPR Program • National Vision, Plan and Map. • Regional Planning, Decision-making & Governance • Grants and Program Delivery • Competition • Access for Rail Freight Corridors • Connectivity • Liability • Research, Technology, Standards & Training

  11. Study to Quantify the Economic and Social Benefits from Passenger Rail Investments • Quantify the economic impact of HSIPR projects. • Methodology for estimating various social benefits. • Consistent methodology for measuring ROI generally. • Provide info to help advance new projects.

  12. Sources of State/Local Funding Assistance for Transit • Special Assessment Districts • Parking Fees • Tolls / Road Pricing • Payroll/ Earnings/ Wage • Corporate Income • Personal Income • Utility Fees • Corporate Franchise Taxes • Excise Taxes • Poured Drinks • Taxi Surcharges • Casino Revenues • Energy Taxes • Sales Taxes • Property Taxes • Motor Fuel (wholesale / retail) • Vehicle / Driver Registration • Car Rental / Leases / Tires • Hotel Occupancy • Impact Fees / TIFs • Realty Transfer • Naming Rights • Sponsorships • Lottery proceeds • Airport Passenger Charges • Internet Sales Taxes

  13. Dulles Corridor Metrorail ProjectPlanned contributions from Funding PartnersTotal Sources of Funds $5,594,695

  14. Dulles Corridor Metrorail Extension: • Corridor Road Tolls • Tax Increment Financing • Special Tax District • Airport Passenger Facility Charges • State Funding • FTA Full Funding Grant Agreement

  15. Denver Eagle P3 Funding Sources • FTA Full-funding grand agreement • Private equity • TIFIA loan • RRIF loan • Underpinned in part by local sales tax

  16. A Tale of a Toll Road and a Train:

  17. Making the Real Estate Connection:

  18. Thank you for your time and attention! • aguzzetti@apta.com

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