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Wake County Transit Investment Strategy Update
Bret Martin, MPO Staff
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The development of the Wake County Transit Financial Plan (WTFP) draft report was released by Wake County in December of 2015 and will include rail and bus elements derived from a yearlong planning process. This plan was developed to guide future regional bus and rail investments that may result from the creation of a regional revenue source and to prepare for a possible county transit sales tax referendum in the fall of 2016. The WTFP is the primary document supporting this effort. A vision for bus and rail service options included in the WTFP has been refined based on public and agency input. Preliminary revenue projections and cost estimates have been developed and are also included in the WTFP.
The Wake County Transit Advisory Committee, a group of elected and appointed officials and transit stakeholders, and the Wake County Transit Technical Coordinating Team (TCT), established to help guide the development of the WTFP, met several times throughout 2015 and endorsed recommendations that include the development of up to three times more hours of fixed-route bus service, bus rapid transit (BRT) corridors, and a regional commuter rail (CRT) project by 2027.
An Interlocal Agreement (ILA) to establish governance over the WTFP, its associated implementation, and the possible revenue sources that may be created as a result of a referendum has been drafted and released to both the CAMPO Technical Coordinating Committee (TCC) and agencies represented on the Wake County Transit TCT. Meetings of the Wake County Transit TCT were held March 21, 2016, and March 30, 2016, to review, discuss and receive comments on the draft ILA. The most recent draft ILA will be provided as an attachment for this item when available, and when finalized, it will be released to the public to begin an open comment period running through May 18, 2016. Please contact MPO staff with any issues, ideas, q...
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