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VTA’s BART Silicon Valley Phase II ExtensionPhase II Extension

Alum Rock Community Working Group Orientation

May 13, 2015

Agenda

• Welcome and Introductions

• Introduction to CWG Process

• Overview of VTA’s BART Silicon Valley Program

– Financial Update

– Environmental Update

• Discussion

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• Next Steps

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Welcome

• Introductions• Meeting format

– Presentation on various topical areas– Round table discussion– No public comments

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CWG PCWG Process

Eileen Goodwin, Facilitator

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Role of the CWG

• Be project liaisons

• Receive briefings on technical areas

• Receive project updates

• Build an understanding of the project

• Collaborate with VTA

• Contribute to the successful delivery of the project

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Contribute to the successful delivery of the project

Your Role as a CWG Member

• Attend CWG meetings

– Bring your own binder (BYOB)

• Be honest

• Provide feedback

• Get informed

• Disseminate accurate information

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• Act as conduits for information to community at large

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Role of the CWG Team

CWG Team Member RoleEileen Goodwin FacilitatorKathleen Podrasky Primary Outreach Contact Leyla Hedayat Phase II Project ManagerErica Roecks Technical LeadMichael Brilliot City of San Jose – Planning LiaisonRosalynn Hughey City of San Jose – Planning Liaison

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Ray Salvano City of San Jose – DOT LiaisonJessica Zenk City of San Jose – DOT Liaison

CWG Meetings

• No alternates

• Commitment dates for 2015:

– June 10, 2015 (4-6 PM)

– August 12, 2015 (4-6 PM)

– October 14, 2015 (4-6 PM)

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CWG Proposed Work Plan

• Ridership/modeling

• Connectivity/land use

• Cit & VTA related projects in BART corridor• City & VTA related projects in BART corridor

• Development and station areas

• Economic analysis update

• Financial gap analysis

• FTA process/New Starts Project Development

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• Envision project update

• Construction methods

• Environmental process

Overview of ProjectOve v ew o ojec

Leyla Hedayat, Phase II Project Manager

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VTA’s BART Silicon Valley Program

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Ridership and Funding

*Sources to be determined

*

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Phase I – Berryessa Extension

• 10-mile extension under construction

• Two Stations:

– Milpitas, near the Great Mall

– Berryessa, near the San Jose Flea Market

• Forecast opening date is Fall 2017

• $2.3 billion total project cost

• Anticipated daily ridership for Phase I:

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Anticipated daily ridership for Phase I: 24,000 opening day (doubles in 15 years)

Phase I – Berryessa Extension

• Federal Funding Secured March 2012

• Groundbreaking April 2012

• Substantial Construction Complete 2016

• Start Systems and Pre-Revenue Operations Early 2017

• Forecast Opening Date Fall 2017

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Phase I – Construction Milestones

15View into Milpitas Station platform

Phase I – Construction Milestones

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Trench at Hostetter Road with systems facility adjacent to alignment

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Phase I – Construction Milestones

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Berryessa Station canopy

Phase I – Construction Milestones

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Mechanically Stabilized Earth (MSE) wall construction south of Mabury Road In San Jose

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Phase I – Milpitas Station Area

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Phase I – Berryessa Station Area

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Phase II Extension Project

• 6-mile extension• 4 stations

• Maintenance facility in San Jose/Santa Clara

− Alum Rock (underground)− Downtown San Jose

(underground)− Diridon (underground)− Santa Clara (at-grade)

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Maintenance facility in San Jose/Santa Clara• Anticipated ridership of 55,000 in 2035 (based on 2012 model)

Phase II – Overview

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Alum Rock Station

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Downtown San Jose Station – West Option

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Downtown San Jose Station – East Option

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Diridon Station

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Santa Clara Station

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Phase II Project Activities

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Phase II – Community Engagement

• Land use/ridership/connectivity workshop

• Finance/Measure A workshop

• Station walking tours

• Construction methods workshop

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• City staff updates on Specific Plans associated with BART

station areas

Phase II – Relevant Projects

• City projects within BART corridor

• VTA projects within BART corridor

• Station multi-modal access planning process

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Funding Status

• Measure A funds constrained

Addi i l f di d d b ild Ph II• Additional funding needed to build Phase II

• VTA will pursue federal funding from the Federal Transit Administration’s (FTA) New Starts Program

– New Starts rating for projects is based on two criteria:

– Project Justification (50%)

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Project Justification (50%)

– Local Financial Commitment (50%)

Financial Updatep

Raj Srinath, Chief Financial Officer &

Mike Smith Fiscal Resources

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Mike Smith, Fiscal Resources Manager

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Phase II – Funding

• Successful mega projects focus on

i h

$5.0 

billions

additional costs / contingencies Total Project Cost$4.53B

strategies that address both revenue generation and cost management

$2.0 

$3.0 

$4.0 

Existing Measure A Debt Capacity

$1 0B

Funding Gap$2.43B

(excluding $160M already spent)

$‐

$1.0 Federal New Starts Grant

$1.1B

$1.0BAnticipated Funding

$2.1B

4-station alternative , $4.7 billion cost, with full maintenance facility at Newhall

2000 Measure A

• The Measure A tax was intended to deliver the 16 mile BART Extension− So, why is Measure A not sufficient?

1976 Sales Tax

140.0 

160.0 

180.0 

200.0 

es Tax Reven

ueMillions

1976 Sales Tax Annual Revenue by Fiscal Year

1991 Recession

2002 Recession

2008 Recession

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80.0 

100.0 

120.0 

FY‐1989

FY‐1990

FY‐1991

FY‐1992

FY‐1993

FY‐1994

FY‐1995

FY‐1996

FY‐1997

FY‐1998

FY‐1999

FY‐2000

FY‐2001

FY‐2002

FY‐2003

FY‐2004

FY‐2005

FY‐2006

FY‐2007

FY‐2008

FY‐2009

FY‐2010

FY‐2011

FY‐2012

FY‐2013

FY‐2014

Sal

Fiscal Year

Measure A Approved

Start TaxCollection

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2000 Measure A Revenue Forecasts(Cumulative)

lars

ns o

f Yea

r-of-

Rec

eipt

Dol

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Mill

ion

Ernst & YoungSelect US Transportation Advisory and P3 Experience

Colorado DOTDenver RTD

DRCOG

Illinois DOTChicago Transit

Ohio DOT

NYS Thruway

Nevada DOT

BARTBATA

WSDOT

NYS ThruwayESDC

Port Authority of NY & NJ

Virginia DOT

AOCCTC

LACMTA

DC DOT

CTCMTC

SCVTATAMC

UC Merced

Charlotte Transit

Current/Recent EYIA Clients/Projects

Texas DOTHouston Metro

Georgia DOT

Florida DOTMiami-Dade Expressway

Pinellas County+ Prior Team Member Experience

LACMTARCTC

SANDAGUniversity of New Mexico

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Ernst & Young

• A leading transportation infrastructure advisor• 400 EY professionals across a global infrastructure network • 700+ EY projects since 1996 (250+ reached financial close)700+ EY projects since 1996 (250+ reached financial close)• $20 billion of new and potential US transportation projects• Focus on alternative delivery strategy, finance and policy

– Pioneered hybrids of PPPs and innovative finance methods– 8 Federal TIFIA loans closed (4 in last 18 months)

• VTA’s team can seamlessly leverage other skillsets– Real estate market valuations and development– Construction management, oversight and controls– Transactional tax and accounting services specialized in PPP-related issues– Economic Impact Analysis

• EY provides US infrastructure advisory services through its affiliate Ernst & Young Infrastructure Advisors, LLC (EYIA)

Scope of Services

Ernst & Young Infrastructure Advisors, LLC will identify, research, analyze and implement a range of financial and cost management alternatives and strategies to fund Phase IIg g• Identify new funding sources

- Federal grants- State grants- Local funding

• Identify ways to increase borrowing capacityF d l d t t i f t t l

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- Federal and state infrastructure loan programs- Use of interim and short-term borrowing

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Examples of Funding Splits

MTA Second Avenue Subway Houston N./S.E. Corridor LRTRTD E���� P3RTD E���� P3RTD Eagle P3

Various Large Transit Capital Investment Program Projects

Federal28%

State9%

Local63%

WMATA-Dulles Corridor Minneapolis LRT Aggregate of 5 Projects

Federal57%

Local43%Federal

53%

Local47%

• Breakdown by Funding Source for Comparable Transportation ProjectsSource: U.S. Department of Transportation; Federal Transit Administration

Federal38%

State6%

Local56%

Federal31%

State6%

Local63%

Federal50%

State10%

Local40%

Environmental Updatev o e a Upda e

Tom Fitzwater, Environmental Program Manager

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Environmental Process

• 2004 – State clearance (CEQA) on Final Environmental Impact Report (EIR): 16-miles

• 2007 – CEQA clearance on Final Supplemental EIR (SEIR): 16-miles

• 2010 – Federal clearance (NEPA) on Final Environmental Impact Statement (EIS): 10-miles

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• 2011 – CEQA clearance on 2nd SEIR: 10-miles

• 2015 – Joint CEQA and NEPA document (SEIS/SEIR3): 6-miles

Phase II – Environmental Process

State (CEQA) and Federal (NEPA) Environmental Process Timeline

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Phase II – Environmental Activities• Scoping period ended on March 2, 2015 (92 comments were

received)

• Scoping Report documents and consolidates commentsScoping Report documents and consolidates comments received on the project scope, alternatives to be considered, and environmental issues to be addressed

• Consideration of comments received• Topics/concepts that have already been analyzed • Topics/concepts that are not feasible and/or outside of

f i t lscope of environmental process• New topics/concepts that are feasible and warrant analysis

• Currently conducting technical analysis for development of draft document

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Discussion scuss o

Eileen Goodwin, Facilitator

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Discussion

What else would you like to learn about?

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• Next meeting: Wednesday, June 10, 2015 ~ 4:00-6:00 PM,

Mexican Heritage Plaza ~ BYOB

Next Steps

g

• Action Items

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