2. June 2011

3.  Route  Operations & Riders  Benefits  Construction  Operations & Maintenance  Potential System Manager  Next Steps & Conclusion Overview

4. Why are we considering a trolley?  Practical Benefits: Car-free travel  Economic Benefits: Increase in property values and tax revenue  Intangible Benefits: Enhanced experience for LNHP visitors and UMass Lowell

5. What was the goal of the trolley study?  Answer some key questions about how to make the trolley a reality:  Where will it go?  How much will it cost?  How will we pay for it?  Provide a framework for constructing, funding and operating the trolley

6.  Proposes a specific, defined route  Serves UMass Lowell’s extensive campus system  Includes a balanced O&M plan How is this study different?

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10.  Trolleys arrive every 10 minutes  20 Station Stops  Hours of Service  Monday through Thursday: 6 am – 10 pm  Friday and Saturday: 6 am – Midnight  Sunday: 10 am – 8 pm Level of Service

11. Comparison of Weekday Service

12.  Newly-built streetcars designed to look historic  Feature A/C, Handicap Access, Electronic Fare Payment  Cost - $1 million per car  A total of nine trolley vehicles for the Lowell Trolley Photo Courtesy of Jim Schantz Streetcar Vehicles

13. Ridership SourceProjected Ridership National Park Service52,589 Local Residents (within 1/4-mile of rail line) 44,730 Folk Festival10,800 Entertainment Events67,176 UMass Lowell297,011 Lowell Regional Transit Authority185,130 Total Existing Trips657,436 New Residential6,848 New Office130,492 New Lowell Trial Court38,780 Total Future Trips176,119 TOTAL TRIPS833,555

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15.  Increase in Value of Existing Properties: $86 million or 5% over a 10-year period.  Higher rents  Increased sales prices  Proposition 2½ Limits  Trolley will support a higher volume of development and at a faster pace – than without it  Over $147 million in additional value  $2.6 million in annual tax revenue Economic Development Benefits

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17. Track$37.4 Power Stations$1.4 Streetcars$7.4 Maintenance Facility$4.4 Subtotal$50.6 Plus Contingency (15%)$7.6 Plus Design and Project Management$7.5 Total$65.7

18. Comparison of Construction Cost Estimate

19. Name of Program Funding Available Per Project Small StartsUp to $75 million Urban CirculatorUp to $25 million Transit in Parks ProgramUp to $6 million EarmarksVaries Public Works Economic Development Program Up to $1-2 million

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21. Vehicle Operations$1,749,408 Vehicle Maintenance$676,496 Non-Vehicle Maintenance$107,648 General Administration$444,754 Sub-Total$2,978,305 10% Cost Reserve$297,831 Total$3,276,136

22. Comparison of O&M Cost Estimate

23. Fares$307,826 Sponsorships$105,000 Advertising Revenue$50,000 Redirected Costs (UML, LRTA, LNHP) $1,337,450 Government Transportation Programs/Other $1,000,000 Special Assessment District$576,489 Total$3,376,775

24. Moving Forward Moving Forward Moving Forward O&M Revenue Breakdown

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26.  Trolley will most likely be privately operated  Manager could be one of two entities:  LRTA  Non-profit: typically formed by an agreement between the city and transit operator Potential System Manager

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29.  40% of the operating dollars are already being spent  20% of the line is already in place Key Takeaways

30. Little Rock/St. Louis Trolley Trip

31.  Length of system: 7 Miles  Construction cost: $65.7 million  O&M cost (per year): $3.3 million  Number of riders (per year): 833,555  Gallagher to South Campus: 25 minutes  Maximum time between streetcars: 10 minutes  Earliest first year of operation: 2017

32. June 2011

33.  Trolleys every 10 minutes  20 Station stops  Hours of service Photo Courtesy of John Smatlak - RPR Consulting Heritage Streetcar

34. Little Rock Unit Costs Cost of Living Differential Lowell Unit Cost Revenue Hours (Cost Driver) Total Annual Operator Wages Operator Wages $20.431.31$26.6736,007$960,146

35. Lowell Comparable Streetcar Systems AverageLowHigh Per Revenue Mile$10.70$15.19$8.76$25.39 Per Hour$90.99$109.59$64.33$185.04 Comparable Streetcar Systems:  Kenosha, Wisconsin  Little Rock  Memphis  Portland, Oregon  Tampa

36. Lowell Comparable Streetcar Systems AverageLowHigh Per Mile$8.81$9.78$2.60$22.08 Per Streetcar Vehicle$6.66$5.47$1.04$14.60 Comparable Streetcar Systems:  Kenosha, Wisconsin  Little Rock  Memphis  Portland, Oregon  Tampa

37. Photo Courtesy of Jim Schantz  2.5-mile system  Construction Cost: $28.5 million  New Development: $260 million

38. Photo Courtesy of John Smatlak - RPR Consulting  6.5-mile system  Construction Cost: $24 million  New Development: $137 million

39. Photo Courtesy of John Smatlak - RPR Consulting  6.8-mile system  Construction Cost: $60 million  New Development (HCD Only): $740 million