Transportation Funding Context - Forward Pinellas · PowerPoint Presentation Author: Lehman, Hilary...

Transportation Funding Context

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Workshop Objectives› Clarity on improved mobility and associated

funding needs for our county and its communities

› Understanding potential funding sources, opportunities and constraints

› Guidance on a transportation funding strategy to develop further

› Explore actions that move us forward regionally

What is Advantage Pinellas?› Aligned strategy to improve

mobility and support redevelopment

› LRTP + Community Bus Plan

› First long range plan since the merger of land use & transportation planning

› Focuses redevelopment through core transit corridors and station framework

› Gives clear mission to our joint efforts

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Advantage Pinellas – Our Advantages› Diverse and growing economy

› Multiple distinctive downtowns and districts, with a strong sense of identity

› Outstanding beaches, parks/green space, trail network

› Proximity of neighborhoods to great places

› Opportunities for quality redevelopment

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Strong Framework: Pinellas By Design

› Our economic future depends on planned redevelopment

› To improve our quality of life through better accessibility

› To channel growth into identified centers, corridors and districts

› All while preserving and enhancing existing neighborhoods

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› Centers

› Corridors

› Districts

Strong Road & Trail Network Investment

› FDOT is valued partner

› About $880M in Penny money spent on roadway improvements from 1990-2018

› Committed funding to Intelligent Transportation System/Advanced Traffic Management System

› Nearing completion of the 75-mile Pinellas Trail Loop

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Lack of Transit Investment› Number of routes have

generally stayed the same –42 routes

› Frequency has not significantly increased

› Number of trips increased by 63% over same period

› Service still focused on weekdays, daytime

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Unique Pinellas – Housing + Transportation Costs

Pinellas 57%

Safety Harbor: 68%

Largo: 51%

St. Pete: 56%

Clearwater: 58%

Pasco 57%

NPR: 46%

Wesley Chapel 66%

Trinity: 76%

Hillsborough 58%

Tampa: 56%

Plant City: 55%

Temple Terrace: 56%

Source: H+T Index; Center for Neighborhood Technology

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Tampa Bay Partnership Regional Indicators

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Hillsborough Penny Sales Tax

Commitment of Local Resources› Increasingly important

to have a local match and the ability to operate/maintain projects

› What types of revenue can we provide to match federal and state funds

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Gas Tax Statewide

Investing in Transit - ROI› 10% expansion in transit service

annual wage increase of $53-$194 / worker (Urban Studies, 2013)

› Over ¾ of all jobs in the 100 largest U.S. metro areas are in neighborhoods with transit service (Brookings, 2012)

› Property values perform 42% better near public transportation (APTA)

› Better job accessibility significantly decreases unemployment duration and leads to better-paying jobs (National Bureau of Economic Research, 2014)

› Public transportation spending 31% more jobs than new roads and bridges (SmartGrowth America, 2011)

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Success from our Peers - Indianapolis› What did we learn from

peer exchange with Indianapolis?

› Referendum: income tax rate not to exceed 0.25%

› Connected bus network› Increased service

frequency› Extended hours› 3 new rapid transit lines

› Increased access to jobs

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Transit Access Increases Equity› USF recently found

transit availability is a primary driver of the poverty rate in Tampa Bay

› Actionable way to decrease poverty

› Access to transit is a safety issue as well

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Five Point Plan

1. Define Premium Transit corridors

2. Refine corridor redevelopment plans

3. Establish discretionary/ dedicated funding source

4. Prioritize corridors for state/federal funding

5. Ensure clarity & transparency of roles

What Have We Heard?

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It’s TIME Tampa Bay› Regional survey in summer

2018 – Pasco, Pinellas, Hillsborough

› 3 scenarios to evaluate

› Transit-focused scenario ranked highest regionally; Pinellas rated even higher

› Highway-focused scenario ranked lowest regionally; Pinellas rated even lower

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Pinellas Survey ResultsBiggest barriers to transit: reliability, frequency and

efficiency› 54% would be willing to take

transit if service was better

› 41% are willing to pay more for frequent, reliable service

› Comfort at transit stop: 6%

Want a safe, efficient system

› 70% believe timing traffic signals is top priority

› 57% willing to exchange lower speeds for safer streets

› 90% support investing in technology to improve traffic flow

Want easy access to destinations

› Ideal neighborhood has nearby shops – 69%

› Desire improved access to regional destinations – 52%

› 85% believe frequent, reliable transit improves economic value

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“I would love to take the buses to places, but they are not quite good

enough right now, or it’s not bad enough right now that it’s a good

value proposition.”

“I would pay more than what I pay for transportation driving

myself if I can sit back and relax and not worry about it.”

“There is just not enough space to build an efficient transportation system to move as many cars as

are out there.”

“A solution is not just one package. It is a

bunch of solutions to get to the ultimate.”

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Today’s Agenda

› Partner Presentations

› Small Group Discussions and Reporting

› Interactive Polling Exercise

› Panel Discussion with Lunch

› Regional Coordination Recommendations & Feedback