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Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Recommendations from theMinnesota Transportation Finance Advisory Committee
www.mndot.gov/TFAC
KEEP MOVINGTO KEEP AHEAD
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
To maintain what we have and position Minnesota for
the future, we need to invest in our transportation
infrastructure.
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Our transportation system needs to:
- Help Minnesota businesses access labor, move products, prosper and stay in Minnesota
- Help Minnesota compete for jobs, talent and economic growth with other states and regions that are investing in their transportation systems
- Be designed to handle Minnesota’s growing and changing population
- Be modern and better than ever before
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Over 70 leaders agree
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Our transportation system is a vital part of keeping Minnesotans connected.
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Keeping Minnesotans connected
Easing commutes and giving businesses access to over 500,000 more employees
Our transportation system connects us to:
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Investment and growthHow much do we drive?
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Our transportation system needs
to accommodate our growth and changing population.
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Accommodate growthThe amount of goods we’re moving is growing by 2030
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Greater demands on our commutes
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Our transportation system is aging and needs updating.
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Our system is agingSeasonal changes, a short construction season and inadequate funding all contribute to the condition of our interstate highway pavements, placing Minnesota 44th in the nation.
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Our system is agingMinnesota has over:
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
50% of MnDOT’s pavements are over 50 years old
40% of MnDOT’s bridges are over 40 years old
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Investing nowThe buying power of projected revenue is expected to decrease over the next 20 years.
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Projected growth*An expanded transit brings enhanced mobility to the region, which has benefits for both highway and transit users.
* Itasca Project | Regional Transit System | ROI Assessment
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Investment and economic growth go hand in hand.
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Investment and growthWe need a robust, efficient transit system to compete with other regions for jobs, talent and economic development.
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Investment and growthOther regions know transit matters and are investing more.
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Investment and growthTransportation investment would benefit all Minnesotans.
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Investment & economic growth
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Funding would come from 4 areas:
System-wide revenue options for roads
Local government revenue options
Transit related dedicated sales tax
Create innovative revenue options
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Keep moving to keep ahead
• Minnesota’s transportation needs have to meet the needs of a growing population.
• To compete economically, both regionally and nationally, an investment must be made or we will fall behind.
• Our economic viability, as well as the quality of life for all Minnesotans depends on a sound transportation system.
Keep Moving to Keep Ahead / INVESTING IN TRANSPORTATION FOR THE NEXT 20 YEARS
Minnesota Transportation Finance Advisory Committee
www.mndot.gov/TFAC