1. Cost Feasible Plan Development February 24, 2016
2040 LONG RANGE PLAN UPDATE
Cost Feasible Plan Development
February 24, 2016

2. ELEMENTS OF THE LRTP 2040 LRTP Cost Feasible Plan Data Forecasts
Goals &
Objectives
Needs
Assessment
Financial
Resources

3. ADOPTED 2040 Needs Plan

6. FINANCIAL RESOURCES

7. 2040 Revenue Forecast (in 2016 Dollars)
Available Revenue
Capacity Programs
2040 Revenue Forecast (in 2016 Dollars)
Plan Total
SIS Highways Construction & ROW
$29,072,581
$0.00
Other Arterials Construction & ROW
$39,524,194
$31,780,822
$54,569,892
$125,874,908
Transit
$15,322,581
$13,698,630
$22,580,645
$51,601,856
Total Capacity Programs
$83,919,355
$45,479,452
$77,150,538
$206,549,345

8. Project Cost vs Available Revenue
Only $154 Million in SIS and Other Arterial
Funds are Available through 2040

9. Draft 2040 cost feasible plan

10. 2040 Cost Feasible Plan
We will not have sufficient revenues to meet all of our needs
What funding will be available and what new sources could be available?
Projects can use Local, State, and Federal transportation dollars
Current we are projecting $154 Million in present day dollars.
Estimated costs for 2040 Draft Needs Plan projects is $2.1 Billion
How do we set priorities within funding constraints?

11. 2040 Cost Feasible Plan Developed 3 Cost Feasible Plan Scenarios
Based on the current TPO priorities
Based on the LRTP Evaluation Criteria
Multi-Modal emphasis
A fourth will be developed that will combine elements from the first 3.

12. Public involvement

13. Public Involvement Two workshops were held
March 1st in Lynn Haven at the City Hall
March 1st in Panama City at the A.D. Harris Learning Village
Community group presentations
Panama City Rotary Club on January 26th
Lynn Haven Rotary Club on March 2nd
Panama City Beach Rotary Club on March 3rd
Panama City Council on Aging on March 3rd

14. Next Steps Public Outreach Continues
Work will Continue on the refinement of the Cost Feasible Plan
Public Workshop Series #3 – March 1st
TPO Review of Draft Cost Feasible Plan – April 2016
Public Hearing/Plan Adoption – June 2016

15. Recommended Action
Review and comment

16. Questions

17. Cost Feasible Plan Development February 24, 2016
2040 LONG RANGE PLAN UPDATE
Cost Feasible Plan Development
February 24, 2016