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
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