june 2011 route operations & riders benefits construction operations & maintenance ...
TRANSCRIPT
Lowell StreetcarMoving Forward
June 2011
Route Operations & Riders Benefits Construction Operations &
Maintenance Potential System
Manager Next Steps &
Conclusion
Overview
Why are we considering a trolley?
Practical Benefits: Car-free travel
Economic Benefits: Increase in property values and tax revenue
Intangible Benefits: Enhanced experience for LNHP visitors and UMass Lowell
What was the goal of the trolley study?
Answer some key questions about how to make the trolley a reality: Where will it go? How much will it cost? How will we pay for it?
Provide a framework for
constructing, funding and operating the trolley
Proposes a specific, defined route
Serves UMass Lowell’s extensive campus system
Includes a balanced O&M plan
How is this study different?
Moving ForwardMoving
Forward
Moving Forward
ROUTE
Moving ForwardMoving
Forward
Moving Forward
OPERATIONS AND RIDERS
Trolleys arrive every 10 minutes 20 Station Stops Hours of Service
Monday through Thursday: 6 am – 10 pm
Friday and Saturday: 6 am – Midnight
Sunday: 10 am – 8 pm
Level of Service
Comparison of Weekday Service
Newly-built streetcars designed to look historic Feature A/C, Handicap Access, Electronic Fare
Payment Cost - $1 million per car A total of nine trolley vehicles for the Lowell
Trolley
Photo Courtesy of Jim Schantz
Streetcar Vehicles
Projected Ridership (per year)
Ridership Source Projected Ridership
National Park Service 52,589
Local Residents (within 1/4-mile of rail line) 44,730
Folk Festival 10,800
Entertainment Events 67,176
UMass Lowell 297,011
Lowell Regional Transit Authority 185,130
Total Existing Trips 657,436
New Residential 6,848
New Office 130,492
New Lowell Trial Court 38,780
Total Future Trips 176,119
TOTAL TRIPS 833,555
Moving ForwardMoving
Forward
Moving ForwardBENEFITS
Increase in Value of Existing Properties: $86 million or 5% over a 10-year period. Higher rents Increased sales prices Proposition 2½ Limits
Trolley will support a higher volume of development and at a faster pace – than without it Over $147 million in additional value $2.6 million in annual tax revenue
Economic Development Benefits
Moving ForwardMoving
Forward
Moving Forward
CONSTRUCTION
Construction Cost Estimate (millions of $)
Track $37.4
Power Stations $1.4
Streetcars $7.4
Maintenance Facility $4.4
Subtotal $50.6
Plus Contingency (15%) $7.6
Plus Design and Project Management
$7.5
Total $65.7
Comparison of Construction Cost Estimate
Construction Revenue Sources
Name of ProgramFunding Available
Per Project
Small Starts Up to $75 million
Urban Circulator Up to $25 million
Transit in Parks Program
Up to $6 million
Earmarks Varies
Public Works Economic Development Program
Up to $1-2 million
Moving ForwardMoving
Forward
Moving Forward
OPERATIONS & MAINTENANCE
O&M Cost Estimate (Year 1)
Vehicle Operations $1,749,408
Vehicle Maintenance $676,496
Non-Vehicle Maintenance
$107,648
General Administration
$444,754
Sub-Total $2,978,30510% Cost Reserve $297,831
Total $3,276,136
Comparison of O&M Cost Estimate
O&M: Revenue Sources (Year 1)
Fares $307,826
Sponsorships $105,000
Advertising Revenue $50,000
Redirected Costs(UML, LRTA, LNHP)
$1,337,450
Government Transportation Programs/Other
$1,000,000
Special Assessment District
$576,489
Total $3,376,775
Moving ForwardMoving
Forward
Moving Forward
O&M Revenue Breakdown
Moving ForwardMoving
Forward
Moving Forward
POTENTIAL SYSTEM MANAGER
Trolley will most likely be privately operated
Manager could be one of two entities: LRTA Non-profit: typically formed by an
agreement between the city and transit operator
Potential System Manager
Moving ForwardMoving
Forward
Moving Forward
NEXT STEPS & CONCLUSION
Moving
Forward
Moving Forward
40% of the operating dollars are already being spent
20% of the line is already in place
Key Takeaways
Little Rock/St. Louis Trolley Trip
Length of system: 7 Miles Construction cost: $65.7 million O&M cost (per year): $3.3
million Number of riders (per year):
833,555 Gallagher to South Campus: 25
minutes Maximum time between
streetcars: 10 minutes Earliest first year of operation:
2017
Key Figures
Lowell StreetcarMoving Forward
June 2011
Trolleys every 10 minutes 20 Station stops Hours of service
Photo Courtesy of John Smatlak - RPR Consulting
Heritage Streetcar
Trolley Design
Unit CostCalculation Methodology
Little Rock Unit Costs
Cost of Living
Differential
Lowell Unit Cost
Revenue Hours
(Cost Driver)
Total Annua
l Operat
or Wages
Operator Wages
$20.43 1.31 $26.67 36,007 $960,146
Lowel
l
Comparable Streetcar Systems
Average Low High
Per Revenue Mile
$10.70 $15.19 $8.76 $25.39
Per Hour$90.9
9 $109.59 $64.33 $185.04
O&M Cost: Lowell vs. National
Average
Comparable Streetcar Systems: Kenosha, Wisconsin Little Rock Memphis
Portland, Oregon Tampa
Construction Cost: Lowell vs. National
Average
Lowell
Comparable Streetcar Systems
Average Low High
Per Mile $8.81 $9.78 $2.60 $22.08
Per Streetcar Vehicle $6.66 $5.47 $1.04 $14.60
Comparable Streetcar Systems: Kenosha, Wisconsin Little Rock Memphis
Portland, Oregon Tampa
Photo Courtesy of Jim Schantz
Little Rock
2.5-mile system Construction Cost: $28.5
million New Development: $260 million
Photo Courtesy of John Smatlak - RPR Consulting
Memphis
6.5-mile system Construction Cost: $24 million
New Development: $137 million
Photo Courtesy of John Smatlak - RPR Consulting
Lowell
6.8-mile system Construction Cost: $60 million New Development (HCD Only):
$740 million