There are a variety of mechanisms, beyond roadway pricing available to generate revenue for transportation projects. These include a broad assortment of fees or taxes levied on defined groups of beneficiaries expected to benefit from the provision of a particular transportation facility or resource. Such strategies can be used to help pay for non-tolled improvements such as transit by leveraging localized benefits ranging from increased land values to a broader tax base. Value capture strategies, however, may also be applied to toll roads to take advantage of the increased property values and other economic benefits produced by such improvements as is the case for the San Joaquin Toll Road in southern California and E-470 outside Denver, Colorado. Most non-pricing revenue sources are derived from state or local programs or private sources. While they are not specifically supported by Federal programs or involve Federal participation, the Center for Innovative Finance Support encourages state and local jurisdictions to look for new revenue sources to address funding shortfalls and is available to provide technical assistance in these areas. In addition, traditional sources of Federal and state revenue, such as motor fuel taxes, are summarized here.
Airport MAX Red Line - Portland, Oregon
The Airport MAX is a 5.5-mile light rail extension to Portland's existing Red Line, connecting Downtown Portland to the Portland International Airport (PDX). As part of a public-private partnership, Bechtel Enterprises funded $28.2 million (23 percent) of the extension's $125.8 million project costs, delivered the extension under a design-build contract, and received an 85-year, rent-free lease to develop the 120-acre mixed-use commercial site near the airport. In addition, the City of Portland funded its portion of project costs (19 percent) by using a form of Tax Increment Financing (TIF).
CenterPoint Intermodal Center - Joliet - Joliet, Illinois (Metropolitan Chicago region)
CenterPoint Intermodal Center - Joliet is a 3,600-acre facility housing industrial facilities, Class I rail intermodal centers, and yards for container management. CIC-Joliet is located 40 miles southwest of Chicago, and coupled with its neighbor, CIC-Elmwood, is the largest inland port in the U.S. The Center is currently home to a Union-Pacific Terminal (shown in the photo), a Class I intermodal facility, and has the capacity to accommodate additional facilities. It is partially financed with a private activity bond allocation.
Chicago O'Hare International Airport Consolidated Joint Use Facility Project - Chicago, Illinois
The Project, a multimodal transportation center, consists of a Joint Use Facility, which includes a Consolidated Rental Car Facility (CRCF) with an associated Quick Turn Around facility, an extension to the Airport Transit System (ATS), including the purchase of new ATS vehicles, and a public parking component. The Joint Use Facility will serve as a major access point for O'Hare International Airport and will accommodate rental cars, public parking, bus services, off-airport hotel shuttles, and other commercial shuttles with connectivity to the adjacent O'Hare Metra Rail station and the Chicago Transit Authority O'Hare Blue Line station through use of the ATS.
Chicago Region Environmental and Transportation Efficiency Program (CREATE) - Chicago, Illinois
The CREATE project is an innovative collaboration between freight railroads, the State of Illinois DOT, the City of Chicago DOT, Metra, and Amtrak. CREATE is maximizing the use of four train transportation corridors, including three primarily handling freight traffic and one primarily handling passenger traffic. The project involves 70 improvements, including rail, auto, and pedestrian grade separations using new overpasses and underpasses, as well as viaduct improvements, grade crossing safety enhancements, and extensive upgrades of tracks, switches and signal systems.
Crenshaw/LAX Transit Corridor Project - Los Angeles, California
The Crenshaw/LAX Transit Corridor Project is a new 8.5-mile light rail transit line extending from the existing Exposition Line south to LAX, including a minimum of six transit stations (with off-street parking), the procurement of a minimum of 20 light rail vehicles, and the construction of a full service maintenance facility. The project is supported by a TIFIA loan backed by local sales tax revenue, as well as other state funds, including those from general obligation bonds, and additional local sales tax revenue.
CTA 95th Street Terminal Improvement Project - Chicago, Illinois
The CTA 95th Street Terminal Improvement Project at the terminus of Chicago Transit Authority's Red Line consists of a redesign of the existing terminal building, surrounding sidewalks, and rail platforms. This project also includes the additional construction of a new south terminal building. The existing 95th/Dan Ryan Terminal is a critical intermodal hub connecting downtown commuters to the Far South Side communities and suburbs through bus connections. The project is being delivered through traditional design-bid-build, funded by TIFIA, federal, state, and local funds.
CTA Blue Line Project - Chicago, Illinois
The CTA Blue Line Project (Your New Blue improvement program) is a series of modernization projects along a 19-mile section of Chicago Transit Authority's Blue Line O'Hare Branch. It includes track improvements, traction power and signal upgrades, and station renovations to improve service, reliability, and accessibility. The nearly half-billion dollar, four-year program is being funded by a combination of federal, state, and local sources.
Dallas Area Rapid Transit Project Orange Line Extension (I-3) - Dallas, Texas
The DART Orange Line is a partially open, light rail transit line connecting downtown Dallas with the City of Irving and Dallas/Fort Worth (DFW) International Airport northwest of Dallas. The 14.5-mile, $1.3 billion project is being opened in three sections. The TIFIA loan for this project will advance construction on the third phase of its light rail Orange Line extension project.
Denver Union Station - Denver, Colorado
The Denver Union Station project is a public-private development venture located on approximately 50 acres in lower downtown Denver. Redevelopment of the site as an intermodal transit district surrounded by transit-oriented development will include light and commuter rail stations, a regional bus facility, new transit service, and pedestrian improvements. The project is being sponsored by a public benefit corporation formed by the City of Denver and its elements will be transferred to the Regional Transportation District as they are completed. Financing includes TIFIA and RRIF loans, federal grants and stimulus funding, and state, regional, and local contributions.
Dulles Corridor Metrorail Project - Northern Virginia
The Dulles Corridor Metrorail Project is the new Silver Line extension of the existing Metrorail system that will extend from the Orange Line's East Falls Church Station in Arlington, Virginia to Route 772 in Loudoun County, Virginia. The extension serves Tysons Corner, Virginia's largest employment center, and the Reston/Herndon area, the region's second largest employment concentration. It also will provide a one-seat ride from Washington Dulles International Airport to downtown Washington, DC.
The Dulles Corridor Metrorail Project is being constructed in two phases and includes 11 new stations upon completion. Phase 1 runs from East Falls Church to Wiehle Avenue on the eastern edge of Reston, Virginia and includes four stations in Tysons Corner - McLean, Tysons Corner, Greensboro and Spring Hill - as well as the Wiehle-Reston East station in Reston. Phase 2 will run from Wiehle Avenue to Route 772 in eastern Loudoun County. Phase 2 will serve Reston Town Center, Herndon, Washington Dulles International Airport, Route 606, and Ashburn (Route 772).
The Project will provide high-quality, high-capacity transit service in the Dulles Corridor. The new Metrorail service will help mitigate traffic congestion, expand the reach of the existing regional rail system, offer a viable alternative to automobile travel, and support future transit-oriented development along the corridor. The Project is being financed with an FTA New Starts grant, three TIFIA loans as well as other state, county, and airport revenues.
Eagle Project - Denver Metro Area, Colorado
The East and Gold Line Enterprise (Eagle) Project is part of RTD's FasTracks, a voter-approved program to expand rail and bus transit throughout the Denver metropolitan region. The Eagle Project is being procured through a concession agreement between RTD and Denver Transit Partners to design, build, finance, operate, and maintain the project's components for 34 years.
East Link Extension - Seattle, Washington Metropolitan Area
The $4.031 billion East Link Extension and included I-90 Two-Way Transit and HOV Operations project will provide a new 14.5-mile Light Rail Transit (LRT) line across Lake Washington linking the Eastside communities of Redman and Bellevue with Mercer Island and Downtown Seattle and eight miles of High Occupancy Vehicle (HOV) lanes across the I-90 Floating Bridge. This multimodal program will be paid for with an innovative financial plan backed by federal, state, local and private stakeholders.
Eleventh Street Bridge Project - Washington, DC
The Eleventh Street Bridge Project replaced the existing twin bridges that carry I-295 over the Anacostia River in the southeast quadrant of the District of Columbia. Three new bridges were constructed and improvements were made to the interchanges at both ends, including adding missing movements to and from the north onto the Anacostia Freeway (I-295/DC 295). Project funding comprised a mixture of federal, local, and private funds including GARVEE bonds used in combination with tapered match.
Foothill/Eastern and San Joaquin Toll Roads - Orange County, California
The Foothill/Eastern and San Joaquin Toll Roads comprise 51 total miles across four public toll roads providing congestion relief and connectivity within Orange County, California. Development impact fees levied on developers of residential and commercial properties are used to supplement toll revenues for debt service payments.
Heartland Corridor - Virginia, West Virginia, Kentucky, Ohio
Due to the Norfolk Southern's rail network, the Port of Virginia (Newport News) has always had good rail access to the Midwest markets. The Heartland Corridor project makes the most direct rail route to the major markets of Columbus and Chicago accessible to double-stack container trains and shortens trip-times. Extending through Virginia, West Virginia, Kentucky and Ohio, the Heartland Corridor consists of series of five separate intermodal projects designed to improve mobility and increase freight capacity.
Hudson-Bergen Light Rail - Hudson/Bergen Counties, New Jersey
The $1.0 billion, 9.5-mile initial operating segment was procured using innovative 15-year DBOM contract, resulting in an estimated 8 years in savings compared to a traditional multiple design-bid-build approach. The contract was later renegotiated to cover Segments II ($1.2 billion) and III ($100 million) that extended the rail another 7 miles, adding 8 stations.
Interlink (formerly Warwick Intermodal Station) - Warwick, Rhode Island
Interlink, formerly the Warwick Intermodal Station project, is an intermodal project connecting air, rail, bus, automobiles, and rental cars at T.F. Green Airport in Warwick, RI that serves the Providence area and Southern Massachusetts. The project consisted of construction of a new commuter rail station with an enclosed walkway connection to the airport and a consolidated rental car center and parking garage.
King Coal Highway - West Virginia
The King Coal Highway is a planned four-lane highway approximately 90 miles long running through McDowell, Mercer, Mingo, Wyoming, and Wayne counties along or near currently existing US Route 52. The highway is divided into 11 usable and operationally independent sections. Some of the construction work is being done by local mining companies as they extract coal from the surrounding areas near and on the new highway alignment.
Las Vegas Monorail - Las Vegas, Nevada
The Las Vegas Monorail was originally a joint venture between MGM Grand and Bally's Hotel, creating a one-mile system linking the hotels in 1993. Plans for expansion further along the Strip led to the State of Nevada in 1997 passing legislation that enabled a private company to own, operate, and charge a fare as a public monorail system.
Louisiana TIMED Program - Louisiana (statewide)
The TIMED (Transportation Infrastructure Model for Economic Development) Program is a $4.6 billion transportation infrastructure program designed to increase economic development in Louisiana by investing in transportation improvement projects. It is an innovative capital program financed by a 4-cent gas tax and expedited by a partnership with a private program manager.
Miami Intermodal Center - Florida
Located next to the Miami International Airport (MIA), the Miami Intermodal Center is a large ground transportation hub incorporating a Rental Car Center, the Miami Central Station serving local rail transit, commuter rail, Amtrak, and intercity bus transit, major roadway improvements, the MIA Mover and future joint development. Federal, state, and local funding is supporting this $2 billion program.
NoMa - Gallaudet U Metrorail Station - Washington, DC
The NoMa - Gallaudet U station, formerly known as the New York Avenue station, opened in 2004 as the Washington Metrorail's first infill station. The station was funded through a unique partnership between the District of Columbia, developers and property owners, community leaders, and WMATA. The private sector and local property owners funded $35 million (34 percent) of the $104 million project cost through land donations ($10 million) and the creation of a special assessment district ($25 million).
Portland Streetcar - Portland, Oregon
The Portland Streetcar network is a 14.7-mile modern streetcar network in Downtown Portland, Oregon. Property owners along the proposed alignment agreed to establish a special property tax levy through the formation of a Local Improvement District (LID), funding approximately 13.9 percent ($34.9 million) of the $251.4 million project. In addition, Tax Increment Financing also contributed to 8.2 percent ($21.5 million) of total project costs.
Potomac Yard Metrorail Station - City of Alexandria, Virginia
The City of Alexandria, Virginia negotiated exactions for developer contributions in return for land rezoning, dedicated net new tax revenues, and created two special assessment districts to fund the project costs of a proposed infill station on the Washington Metrorail system. The Potomac Yard station - estimated to begin construction in 2016 and open to service in 2018 - is the cornerstone of the redevelopment plan for the Potomac Yard, a 295-acre former rail yard near the Potomac River.
Regional Connector Transit Corridor Project - Los Angeles, California
The Regional Connector Transit Corridor Project is a 1.9-mile underground light rail connection between the Little Tokyo/Arts District Station to the 7th Street/Metro Center Station in downtown Los Angeles, California. The Regional Connector extends from the Metro Gold Line and will allow passengers to transfer to the Metro Blue, Exposition, Red, and Purple Lines, bypassing Union Station, while providing one-seat ride for travel across Los Angeles County. The project will be delivered as a design-build project. It will be financed through federal, state, and local sources, including a TIFIA loan and an FTA New Starts Full Funding Grant Agreement.
Reno Transportation Rail Access Corridor (ReTRAC) - Reno, Nevada
Traffic congestion and safety concerns brought about the largest public works project ever undertaken in Northern Nevada, the Reno Transportation Rail Access Corridor, or ReTRAC. The project depressed a 2.3-mile stretch of freight rail that ran through downtown, eliminating 10 at-grade street crossings.
Riverwalk Expansion/Wacker Drive Reconstruction Project - Chicago, Illinois
The Riverwalk Expansion, which includes the final phases of the Wacker Drive Reconstruction Project, is a planned pedestrian walkway running six blocks along the Chicago River from State Street to Lake Street. Each block will feature a distinct theme, facilitating different recreational and transportation activities. The TIFIA loan will fund substantially all of the remaining Riverwalk work, covering Phases 2 and 3, and will be repaid with project-generated revenues, including tour boat, retail leasing, and advertising fees.
Route 3 North - Boston, Massachusetts
Financed using tax-exempt 63-20 debt and leveraging lease payments pledged by the Massachusetts Highway Department, the Route 3 North project involved widening an existing 21-mile highway northwest of Boston from two to three lanes in each direction. The project included the creation of a 30-foot median to accommodate fiber optic line and other utilities, and the replacement of 40 bridges.
Route 28 Corridor Improvements - Northern Virginia
Property owners in Fairfax and Loudon Counties agreed to establish an additional property tax through the creation of a special assessment. Revenue was dedicated to major highway improvements along the Route 28 corridor.
Route 33 Interchange Project - Easton, Pennsylvania Region
The Route 33 Interchange Project in Palmer Township, Pennsylvania (65 miles north of Philadelphia) involves the construction of a new interchange and associated access improvements to facilitate the mixed-use commercial development of over 600 acres of surrounding land. The interchange is being constructed by PennDOT and other infrastructure improvements are being made by a private owner who is selling parcels of land to other third party developers. Tax increment financing is providing partial funding for the improvements.
South Lake Union Streetcar - Seattle, Washington
The South Lake Union Streetcar project is a 2.6-mile modern streetcar connecting the South Lake Union area to Downtown Seattle, Washington. Forming the centerpiece of an innovative funding package, local businesses and property owners along the proposed alignment agreed to establish a special property tax levy through the formation of a Local Improvement District (LID), funding approximately 47 percent ($25 million) of the $53.5 million project.
State Street Redevelopment Project - West Lafayette, Indiana
The City of West Lafayette, Indiana and Purdue University are jointly delivering the State Street Redevelopment Project to provide aesthetic and functional improvements to gateways into West Lafayette and Purdue University. The project improved the streetscape and provides pedestrian amenities to enhance community and campus resident cohesiveness, and expanded transportation infrastructure to accommodate planned and future growth of West Lafayette and the University. The project is being delivered through an innovative design-build-finance-maintain availability payment P3 backed by tax increment finance district revenue.
Transbay Transit Center - San Francisco, California
The Transbay Transit Center Project will replace the current Transbay Terminal with a new multimodal transportation center and centralize the region's transportation network by accommodating nine transportation systems under one roof. The project consists of replacing the outdated Transbay Terminal with a modern transit hub, extending the Caltrain rail line from its current terminus and accommodating high-speed rail, and redeveloping the area surrounding the Transbay Transit Center.
Westside Purple Line Extension, Section 1 - Los Angeles, California
The Westside Purple Line Extension comprises a three phase, 8.9 mile station-to-station subway heavy rail line that would operate as an extension of the LA Metro's existing Purple Line from its current terminus at Wilshire/Western Station to a new western terminus in West Los Angeles near the Veterans Affairs (VA) Hospital in Westwood. Section 1 will extend the Purple Line 3.9 miles from Wilshire/Western to Wilshire/La Cienega and includes three stations. Section 1 is being procured as a design-build, and will be financed through federal, state, and local sources, including a TIFIA loan and an FTA New Starts Full Funding Grant Agreement.