final 12 01 community mtg phase ii presentation
TRANSCRIPT
December 1, 2014
VTA’s BART Silicon Valley Extension
BART Phase II Project Update
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VTA’s BART Silicon Valley Alignment
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VTA’s BART 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: 23,000 opening day
(doubles in 15 years)
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Current Project Activities – Milpitas
Construction of Milpitas Station invert underway.
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Current Project Activities – San Jose
Completed Hostetter Road deck. Construction underway of BART trench at Hostetter Road in the City of San Jose.
Construction underway of wayside facilities (train control S44 and substation SHO) (east of the alignment)
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Current Project Activities – San Jose
Photo of a completed section of the Berryessa Aerial Guideway.
• Phase II Total Project Cost in Year of Expenditure Dollars : $4.7 billion
– $163 million incurred to date
• Anticipated Daily Ridership for Phase II: 55,000
– 2035 forecast ridership
– based on 2012 model forecast
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VTA’s BART Phase II Project
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Measure A Overview
• Measure A is a ½ cent retail sales tax in Santa Clara County
• Began collections in 2006 and will sunset in 2036
• Devoted to specified public transit capital improvement projects and operations
• VTA Board of Directors determined BART Silicon Valley a priority project in
December 2008
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,0002
00
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$0
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$0
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00
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$0
$2,000
$4,000
$6,000
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$12,000
$14,000
$16,0002
00
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$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,0002
00
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Measure A Sales Tax Revenue –Cumulative Forecast Projections
Mil
lions
of
Yea
r-o
f-R
ecei
pt
Do
llar
s
2001: $14.3B
2005: $9.9B2007: $8.7B
2009: $6.6B2014: $7.4B
OperatingCost of Debt
SVRT Phase 1
Other Projects
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Uses
Measure A ½-Cent Sales Tax
Uses of Funds FY2006-FY2036
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$1.5B
Mil
lio
ns
of
Yea
r-of-
Expen
dit
ure
Doll
ars
Incurred
Thru 6/14VTA’s BART Silicon Valley Extension Phase I
OperatingCost of Debt
SVRT Phase 1
Other Projects
Operating
Cost of Debt
SVRT Phase 1
Other Projects
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Uses
Measure A ½-Cent Sales Tax
Uses of Funds FY2006-FY2036
1111
Mil
lio
ns
of
Yea
r-of-
Expen
dit
ure
Doll
ars
Project
Commitments
$1.5B
$3.0B
Incurred
Thru 6/14
VTA’s BART Silicon Valley Extension Phase I
VTA’s BART Silicon Valley Extension Phase I
OperatingCost of Debt
SVRT Phase 1
Other Projects
Operating
Cost of Debt
SVRT Phase 1
Other Projects
Future Projects/ Debt Cost
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Uses
Measure A ½-Cent Sales Tax
Uses of Funds FY2006-FY2036
Remaining
Measure A
Funds
Available
Mil
lio
ns
of
Yea
r-of-
Expen
dit
ure
Doll
ars
Project
Commitments
Future Projects Cost of Debt
Future Projects Cost
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$1.5B
$3.0B
$2.9B
$7.4BTOTAL
Incurred
Thru 6/14
VTA’s BART Silicon Valley Extension Phase I
VTA’s BART Silicon Valley Extension Phase I
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Measure A – Phase II Funding
• Measure A funds constrained
– $2.9 billion remaining for Measure A projects and financing
• 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%) and Local
Financial Commitment (50%)
• Other funding – Cap & Trade, Value Capture, etc.
Phase II Capital Costs and Sources of Funds
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* The 4-Station Alternative cost includes a full maintenance facility at Newhall.
** Analysis of Measure A revenue forecast is underway. The results from this analysis will determine the extent of Measure A revenue that may be available for projects and estimate the Shortfall $ for
SVRT Phase II.
1.1
1.0
1.1
2.6
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
4-Station Alternative(Alum Rock, Downtown, Diridon, Santa Clara)*
$4.7 billion
TCRP State Funds
Shortfall $ **
New Starts
Measure A **
.163
1.1
1.01.0
2.43
0.16
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Project History – 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
• 2011 – CEQA clearance on 2nd SEIR: 10-miles
• 2015 – Joint CEQA and NEPA document (SEIS/SEIR3): 6-miles
Environmental Process
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State (CEQA) and federal (NEPA) Environmental Process Timeline
Environmental Process
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• Notice of Preparation (NOP) – notification to state and other agencies of the
project including a description, the location, and potential environmental issues
• Scoping – an opportunity for members of the public and agencies to provide
input in the proposed project, purpose and need, the various environmental
topical areas related to the project, and the scope and content of the draft
environmental document
• Record of Decision (ROD) – federal environmental clearance
NEPA/CEQA & New Starts (Federal
Funding Program) Milestone Schedule
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Future Community Engagement Activities
• Ongoing community outreach and engagement during
environmental process
• Environmental process kick-off (scoping meetings) – late
January/early February
• Focused Outreach Sessions – Spring 2015, some topics may
include:
– Economic and Community Benefits
– Funding
– Station Planning
– Transportation Connectivity
– Construction Methods
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