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Central Arkansas Transit Authority Enhancing the Downtown Economy

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Central Arkansas Transit Authority. Enhancing the Downtown Economy. Streetcar Cost Comparison. Comparison of Initial Start Up Costs . Comparison of Streetcar Operations. Construction of the River Rail was relatively low . The River Rail is operated very efficiently, - PowerPoint PPT Presentation

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Page 1: Central Arkansas Transit Authority

Central Arkansas Transit Authority

Enhancing the Downtown Economy

Page 2: Central Arkansas Transit Authority

Historic Streetcar Systems In the United States Initial Investment

City In Operation Construction Cost Track Miles Cost/MileKenosha 2000 $6,200,000 1.9 $3,263,158

Little Rock 2004 $30,000,000 3.4 $8,823,529Memphis 1993 $103,000,000 10.02 $10,279,441Tampa 2002 $48,300,000 2.7 $17,888,889

Comparison of Initial Start Up Costs

Comparison of Streetcar Operations

The River Rail is operated very efficiently, costing $35 less per hour than the next most efficient historic streetcar system.

Streetcar Cost Comparison

Construction of the River Rail was relatively low.

Page 3: Central Arkansas Transit Authority

Study area based on a ¼ mile buffer area(a 5 minute walk) AND the built environment

Study area = less than 1 square mile

Inventory of Businesses &Capital Improvements

------------------------------------• Walking tour of area• Forming key partnerships• Contacting each location• Verifying data & info

Economic Enhancement Study

Page 4: Central Arkansas Transit Authority

Have the downtowns experienced an economic revitalization?

Page 5: Central Arkansas Transit Authority

River Rail Expansion Studies

• Extension north along Main St in NLR – 2.5 miles

• Extension south along Main St in LR – 1.5 miles