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

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Presentation transcript:

3 rd 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.

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!

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

Salt Lake City: Efficient Growth

Charlotte: Transit Corridors

System Expansion Each Year in Dallas

Rail Transit Comes to the Valley of the Sun

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

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

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.

Sources of State/Local Funding Assistance for Transit 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 18 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

Dulles Corridor Metrorail Project Planned contributions from Funding Partners Total Sources of Funds $5,594,695 19

Dulles Corridor Metrorail Extension: Corridor Road Tolls Tax Increment Financing Special Tax District Airport Passenger Facility Charges State Funding FTA Full Funding Grant Agreement 20

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

A Tale of a Toll Road and a Train: 22

Making the Real Estate Connection: 23

Thank you for your time and attention!