Decision-Making Toolbox to Plan and Manage Park-and-Ride Facilities for Public Transportation: Guidebook on Planning and Managing Park-and-Ride (2017) / Chapter Skim
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29 C h a p t e r 4 Purpose of This Chapter Transit agencies should carefully plan park-and-ride facility implementation to ensure that long-range plans and budgets account for the associated investments. Funding park-and-ride facilities may require various revenue sources, such as federal grants, state grants, local investments, and private-sector funding.
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30 Decision-Making toolbox to plan and Manage park-and-ride Facilities Capital Costs Capital costs include all expenses that are related to the construction of a park-and-ride facility. According to the FTA, capital assets include land, improvements to land, easements, buildings, building improvements, vehicles, machinery, equipment, infrastructure, and all other tangible or intangible assets that have useful lives of over 1 year.
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Financial planning for park-and-ride 31 Case Studies Some case study transit agencies provided specific information about capital costs related to implementing park-and-ride facilities: • Calgary Transit estimates the construction costs of surface and structured parking facilities to be $11,700 and $50,000 per space (Can$) , respectively.
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32 Decision-Making toolbox to plan and Manage park-and-ride Facilities difficult to predict. In addition to scheduled maintenance, frequent inspection of facilities can help transit agencies identify and correct potential problems before they occur.
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Financial planning for park-and-ride 33 • Replacement planting. • Debris management.
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34 Decision-Making toolbox to plan and Manage park-and-ride Facilities • Regular maintenance. • Enforcement of anti-vandalism policies.
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Financial planning for park-and-ride 35 FTA Grants. FTA grant funding sources that will support capital projects for park-and-ride facilities include several formula funding programs: • Section 5307, Urbanized Area Formula program.
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36 Decision-Making toolbox to plan and Manage park-and-ride Facilities Other Sources of Federal Funding. The FHWA provides funding for transit projects through the Congestion Mitigation and Air Quality Improvement (CMAQ)
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Financial planning for park-and-ride 37 Public–Private Partnerships. P3s are agreements between public entities and private firms intended to take advantage of the benefits and expertise each party offers.
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38 Decision-Making toolbox to plan and Manage park-and-ride Facilities Authority of Allegheny County routinely enters into lease agreements with property owners to provide park-and-ride spaces. Examples of these lease agreements are those with churches, shopping centers, and municipally owned lots.
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Financial planning for park-and-ride 39 up to 80 percent federal funding reimbursement under both Section 5307 and Section 5311 programs. State and Local.
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40 Decision-Making toolbox to plan and Manage park-and-ride Facilities transit agencies should understand each element prior to initiating the development process so that the transit agency can develop an understanding of the total upfront project cost. Transit agencies can obtain funds to cover capital investment costs from multiple sources and typically use multiple sources on a single project.
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