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Streetcar Extension O&M Funding Issue

Streetcar Extension O&M Funding Issue

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Published by Robert Wilonsky
How will the city pay to get the streetcar from Bishop Arts to the Omni?
How will the city pay to get the streetcar from Bishop Arts to the Omni?

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Categories:Types, Business/Law
Published by: Robert Wilonsky on Jun 10, 2013
Copyright:Attribution Non-commercial

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09/09/2014

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Potential TIGER Streetcar Operation and MaintenanceFunding Mechanisms
Transportation & Environment CommitteeJune 10, 2013
 
2
TIGER Streetcar Project Overview
Phase I - The 1.6 mile base project currently under constructionruns from Union Station to Methodist Hospital at a cost of approximately $48.6 million, including vehicles
 – 
$26 million in federal funding
 – 
$12.8 million in local funding (Regional Toll Road Revenue)
 – 
$1.5 million (reprogrammed bond program dollars)
 – 
$9 million from DART for vehicles
Phase II
 – 
One-half mile northern extension loop is in conceptualdesign, proposed to run from Union Station to the Omni DallasConvention Center Hotel, at a cost of approximately $10 million
 – 
Local funding (Texas Mobility Funds)
Phase III
 – 
Three-quarter mile southern extension loop is inconceptual design, proposed to run from Methodist Hospital tothe Zang Blvd. / Davis St. intersection at the Bishop Arts District,at a cost of approximately $21 million
 – 
Local funding (Texas Mobility Funds)

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