Pres - Wake CO

Wake Growing Fast: 1 Million plus!
• Wake growing by 64
people every day.
• Among fastest
growing in US!
• Wake added 25,000
people last year
• 2 million by 2045.
Traffic Increasing With Growth
*We drive more miles
per day than US
average.
* Commute time will
DOUBLE to 50 minutes
by 2035 (average).
*Major roads will be at
or beyond capacity (1 of
8 Wake residents work in
RTP/Durham).
I-40 during rush hour
Other Challenges in Wake
∗ Health problems on the rise
∗ Asthma rates have doubled over last
20 years
∗ 2/3rds of adults are overweight/obese
∗ Losing open space to new
development
∗ Average household spends
19% of their income on
transportation
∗ The second largest expense
for most households after
housing.
Creation of Wake Transit Plan
2015 Public
Input
▪
▪
▪
Public Events:
255+
Video Views:
16,700+
Survey Input:
4,300+
If the Transit Plan passes…
54% of homes and 80% of all jobs in
Wake County will be within walking
distance of transit – Wake Transit
Recommended Wake Transit Plan
“Four Big Moves”
1. Stronger Regional
Connections
∗ Commuter rail from
Garner to west Durham
(37 miles) – NCRR
Corridor
∗ Expanded regional
express bus from
Raleigh to RDU, Chapel
Hill and Durham
New Mexico’s Rail Runner
More buses from Durham to
Raleigh!
Recommended Transit Plan
“Four Big Moves”
2. Connections to all Wake
Communities
Bus links from all towns to job
centers/urban core
∗ New links between some smaller
communities
∗ Combination of 30 and 60 minute all day
service, peak service, and commuter rail
∗
Recommended Transit Plan
“Four Big Moves”
3. Frequent, Reliable Bus Service in
Urban Areas
∗
Increase frequent (15 minute) service
network from 17 miles to 83 miles
∗ Expanded weekend and evening service
∗
∗
Frequent network will run 19 hours/day,
7 days/week
Bus Rapid Transit with 15 minute service in
key corridors (~20 miles of BRT)
Recommended Transit Plan
“Four Big Moves”
4. Enhanced Access to Transit
∗ Expanded hours (5:30am - 12:30am/7
days)
∗ 50% match for towns to establish local
circulator
∗ Expanded paratransit services in rural
areas
QUESTIONS?
Cost of Plan (over 10 years)
Wake County Share of Cost
Capital and Operating
cost
Enhanced Bus and
BRT
Commuter Rail
$1.152 billion
2/3 rds of
total cost
1/3 rd of
total cost
Cost of Plan (over 10 years)
Capital, Operating, Fund Balance Allocations
(with Federal, State, Local Support)
Capital
$
Commuter Rail
886 million
Enhanced Bus and BRT
670 million
Other Capital/Future Capital
Operating
60 million
$
Commuter Rail
674 million
20 million
Enhanced Bus and BRT
654 million
Fund Balance Allocation
Total
1.6 billion
109 million
$
2.4 billion
Projected Local Revenues
[email protected]
Transit Expands Opportunities
∗ More access to
employment:
∗ Hospitals
∗ NC State
∗ Retail
∗ Much more!
∗ More access to:
∗ Grocery stores
∗ Schools
∗ Healthcare
How will the plan be funded?
❖ Half-cent local sales
Other/Debt
tax
Federal
20%
27%
❖ New $7 county
State
vehicle registration
1%
fee
Farebox
Local
4%
❖ Existing 5% vehicle
48%
rental tax
❖ Farebox revenues Federal and State contributions through 2027
This will cost the average
Wake resident $2.50/month…
… a cup of
coffee