Transit Public-Private Partnerships: Legal Issues (2014) / Chapter Skim
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Pages 64-77
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64 APPENDIX A -- ANALYSIS OF THE STRUCTURE AND FUNDING OF PENDING AND COMPLETED TRANSIT PPPS 1. California A
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65 (C) Equity/Debt (BART Parking Structure)
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66 Table 4. Sources of Funding for the Transbay Transit Center802 (Phase 1)
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67 Funding for the highways consisted of GARVEEs in the amount of $600 million (backed by future federalaid receipts) and sales and use taxes amounting to $195 million.807 Table 5.
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68 Station, roadway improvements, MIA Mover guideway foundations, and the MIC station.814 In addition, the TOD opportunities may include "up to 1.4 million square feet of mixed-use development…in conjunction with the Miami Central Station" parts of which FDOT may lease or sell to a private developer or a public agency.815 Although portions of the project have been completed, the MIC's scheduled completion is for early 2014.816 In addition to two TIFIA loans, the MIC project is funded by various state and local sources of funding from Miami-Dade County/Miami-Dade Aviation Department (MDAD) ; the Miami-Dade Expressway Authority; three Florida SIB loans; and private sector fees and charges, as well as transportation funding prioritized by the metropolitan planning organization.817 The private sector fees and charges consist of customer facility charges paid by rental car customers; contingent rent to be paid by rental car companies, if necessary; and lease revenues on MIC property already acquired.
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69 cretionary program under the American Recovery and Reinvestment Act of 2009 (ARRA) .823 As of 2010, contributions toward the funding of the project also included $100 million from the railroads, $30 million from the City of Chicago, and $100 million from the State of Illinois.824 6.
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70 Table 6. Sources of Funding for Holyoke Multimodal Center.830 Federal Transit Administration Grant $4,500,000 Massachusetts Transportation Funds $2,900,000 Holyoke Intermodal Facility, LLC $1,500,000 Department of Housing and Urban Development (HUD)
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71 8. Nevada A
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72 9. New Jersey A
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73 12. Oregon A
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74 on the improvement value of a property. Property owners continue to pay taxes on the land value during the exemption period."856 Second, "Federal Metropolitan Transportation Improvement Program (MTIP)
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75 tity will finance the plant and sell electric power and heat to SEPTA under a long-term energy service agreement.861 14. Texas A
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76 16. Virginia/Washington, DC -- Metropolitan Area Transit Authority -- Dulles Metrorail Silver Line ($5,998,819,000)
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77 17. Wisconsin -- Grand River Station ($30 million)
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