Non-Federal Funding for Transit Systems: State-of-the-Art Case Analyses

摘要

The report explores projects supported primarily through non-Federal funding. These projects cover seven different funding mechanisms, which including both the successful elements of the financing methods and discussions of the obstacles encountered. They are presented in the form of case studies. The case studies are as follows: Denver, Colorado - Use of a special benefit assessment district to fund management and maintenance of the 16th Street Mall; Houston, Texas - Use of dedicated one-cent sales tax to fund purchase of Turnkey Park n' Ride lots; Los Angeles, California - Use of voter approved 1/2 cent dedicated sales tax to fund a three-pronged transit improvement and expansion program in Los Angeles, California (Parklabrea agreement) - Use of joint development combined with a special benefit assessment district issuing bonds (supported by assessment revenue) to fund a rail station; Montgomery County, Maryland - Use of total local funding of a feeder transit service through farebox revenues (30-40%) and local government subsidies; San Francisco, California - Use of tax increment financing of a rail station combined with private sector seed funding; and Washington, D.C. - Use of joint development of two metrorail stations combined with a congressionally-authorized multi-jurisdictional subsidy.