Title
Wake County Transit Investment Strategy - Update
Chris Lukasina/MPO Staff
Body
The development of the Wake County Transit Financial Plan (WTFP) draft report was released by Wake County in December, 2015 and will include rail and bus elements derived from a yearlong planning process. This plan has been developed to guide future regional bus and rail investments that may result from the creation of a regional revenue source and prepare for a possible local transit sales tax referendum in the fall of 2016. The Wake Transit Financial Plan report would be the primary document supporting this effort. A vision for bus and rail service options included in the Wake Transit Financial Plan have been refined based on public and agency input. Preliminary cost estimates have been developed and are also included in the Plan.
The Wake County Transit Advisory Committee, a group of elected and appointed officials, and the Wake County Transit Technical Coordinating Team established to help guide development of the WTFP met several times throughout 2015 and endorsed recommendations that include more than three times more bus hours of service, bus rapid transit (BRT) corridors, and a regional commuter rail (CRT) project by 2027.
An Interlocal Agreement (ILA) to establish appropriate governance over the WTFP and any possible new revenue source created as a result of a referendum is under development. Please contact MPO staff with any issues, ideas, or items related to governance that you may have. Based on the current draft schedule being proposed, a public comment period would open in April. The Executive Board would hold a public hearing on May 18, 2016 and consider possible action on the draft financial plan and ILA on June 15, 2016. The anticipated schedule is designed to continue to support a possible referendum in the fall of 2016.
Potential Wake Transit Strategy Schedule
Interlocal Agreement Development
February 2016 - Spring 2016
Open CAMPO ...
Click here for full text