Charlotte Regional Express Lane Facilities: I-485 and US 74 · I-485 Express Lanes (I-5507) • One Express Lane in each direction between I‐77 and US 74 (approximately 17 miles)

Charlotte Regional Express Lane Facilities: I-485 and US 74 North Carolina Turnpike Authority March 21, 2018

NC Turnpike Authority Overview • Created in 2002 by the General Assembly • Authorized to design, establish, purchase, construct,

operate and maintain no more than 11 projects – MPO/RPO support required – Subject to prioritization

• Governed by a nine-member Board; Authority includes the power: – To fix, revise, charge and collect tolls and fees for the use of

the Turnpike Projects; – To issue bonds or notes of the NCTA; – To invest the proceeds of bonds or notes of the NCTA; and – To exercise such additional powers as shall be necessary for

the financing of Turnpike Projects. 2

NC Turnpike Authority Overview

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Responsibilities: • Lead project development • Maintain and operate toll collections systems • Manage NC Quick Pass® Customer Service Center • Fund and manage maintenance of project facilities • Coordinate and support financing activities: development of cost

estimates (capital and operations), Traffic & Revenue studies, plans of finance, compliance and reporting requirements, etc.

Funding: • Operations and debt service - project specific toll revenues • Capital costs - STIP funds and toll supported debt • Cannot cross collateralize project revenues

Upcoming NCTA Projects

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Regional Express Lane Network History

2007 - Fast Lane Study begins

2010 - MPO adopts Fast Lane Study

2013 - MPO adds I-485, and US 74 express lanes projects to its draft 2040 MTP

2015 - NCDOT hosts public meetings for I-485 and US 74 express lanes projects

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ARTIS,T lC RE.NDER ING PRELIMINARY - SUSJECT TO CHANGE

1 R- S- -_ - - .

Express Lanes: separate lanes in a highway corridor in which drivers can choose to pay a variable toll for a more reliable, quicker trip within that corridor.

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Potential Express Lanes Direct Connector at Westinghouse Blvd.

Express Lanes • Provides a reliable travel time option and serves

as a long term congestion management tool

• Dynamic pricing manages the volume in the lanes

• Some facilities use an “All-Pay” scenario; the Charlotte region corridors have always been envisioned to accommodate carpools and transit vehicles, and toll other users

• Carpool recognition can come in the form of a self-declaring transponder or registered ride share program

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Analysis Assumptions • Vehicles with 3 or more occupants could self-declare high

occupancy status

• No capital costs or related debt service included

• Toll operations costs based on FY17 Triangle Expressway data

• No roadway maintenance costs included

• Toll equipment renewal and replacement costs included • Annual enforcement costs included • Level II Traffic and Revenue for I-485

• Level I Traffic and Revenue for US 74 Phase I

• Screening level Traffic and Revenue for US 74 Phase II

• Base case revenue scenario (50% downside) 9

US 74 HOT3+ with Transponder

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Phase I

Toll Capital

Toll Operations

Revenue

Phases I and II

$0M

$1M

$2M

$3M

2020 2025 2030 2035 2040

Total Shortfall: $(9,084,800) Years of Shortfall: 17


$0M

$1M

$2M

$3M

$4M

$5M

2023 2028 2033 2038 2043

I-485 and Aggregate HOT3+ with Transponder

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I-485

Toll Capital

Toll Operations

Revenue

Aggregate


$0M

$2M

$4M

$6M

$8M

$10M

$12M

$14M

2022 2027 2032 2037 2042


$0M

$2M

$4M

$6M

$8M

$10M

$12M

2022 2027 2034 2039 2044

Challenge for Project

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With what we know today, there is significant risk of opening I-485 and US 74 Express Lanes with self-declaring carpools.

Aggregate


$0M

$2M

$4M

$6M

$8M

$10M

$12M

2022 2027 2034 2039 2044

Key Considerations • Maintain intent of Express Lanes as a congestion

management tool • Maintain free usage for all transit vehicles • Incentivize carpools, moving more people and not just

more cars • Reduce enforcement costs • Reduce improper usage of lanes, which degrades

throughput for all users • Be reasonably assured revenues can cover costs • Maintain delivery schedules within the above

constraints 13

• A ride-share program exists on I-95 Express Lanes in South Florida

– Applies to registered van pools and carpools with 3+ participants

– South Florida Commuter Services (SFCS) has the right to verify information provided on registration forms for one or all members of the 3+ carpool.

– All 3+ Carpool participants are responsible for maintaining and renewing their carpool and vehicle registration with South Florida Commuter Services in order to avoid toll charges.

– All vehicles not exempt from tolls would pay a dynamic toll at either a video bill by mail rate or a discounted transponder rate.

Ride-Share Carpool Program

South Florida Commuter Services and FDOT

www.1800234ride.com/95-express-lanes-general-information

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Charlotte Express Lanes Network I-485 & US 74 (Aggregate)


25-year Projection: $(56,756,600)

Toll Capital

Toll Operations

Revenue

$0M

$2M

$4M

$6M

$8M

$10M

$12M

2022 2027 2034 2039 2044

HOT3+ with Transponder


25-year Projection: $(11,305,300)

$0M

$2M

$4M

$6M

$8M

$10M

$12M

2022 2027 2034 2039 2044

HOT3+ Registered Carpool

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NCTA’s Proposed Approach • Operating Policy for Use of Express Lanes

– Vehicles registered in the ride-share program (vehicles with 3 or more passengers) and transit vehicles travel toll free

• Details of Ride-Share program registration to be developed in concert with Transit

• Commit to installation of equipment and infrastructure that would support a shift to self-declared carpools in future years

• Schedules contingent on MPO feedback and addressing base case financial model shortfalls

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Next Steps & Proposed Schedule – Based on feedback from today, complete financial analyses – Hold public meetings (project information and rideshare program) – Review project and projected revenues/costs with NCTA Board – Complete environmental documents – Award projects for construction – Develop and market ride-share program – Public Meetings Spring 2018 – Update to environmental document (US 74) Spring 2018 – Open bids for Design-Bid-Build contract (US 74 Ph. I) Summer 2018 – Completion of environmental document (I-485) Summer 2018 – Open bids for Design-Build contract (I-485) Summer 2018 – Open the US 74 Phase I project (planned) Late 2019 – Open the I-485 project (planned) Early 2022

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Questions

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Charlotte Regional Express Lane Facilities – I-485 and US 74 Rodger Rochelle, NC Turnpike Authority March 1, 2018

I-485 Express Lanes (I-5507)

• One Express Lane in each direction between I‐77 and US 74 (approximately 17 miles)

• Access to/from Express Lanes – Two Direct Connectors: Westinghouse Blvd & Johnston Rd – 5-6 intermediate Ingress/Egress Points in each direction

• Other Improvements – Extension of General Purpose lane between Rea Rd and

Providence Rd in both directions - approximately 2 miles – New interchange at I-485/Weddington Rd (R-0211EC) – Improve I-485/John St interchange (U-4714AB)

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Charlotte

Pineville

Mint Hill

Matthews

Stallings

Indian Trail

Monroe Weddington

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I-485 Potential Express Lanes Access Points

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Potential Direct Connector

Potential Access Point

I-485 EASTBOUND

Potential Express Lanes Direct Connector at Johnston Rd

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I-485 WESTBOUND

Ex Ex

Typical Sections – Direct Connector

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Potential Express Lanes Direct Connector at Westinghouse Blvd.

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I-485 WESTBOUND

I-485 EASTBOUND

Ex Ex

US 74 Express Lanes Phase I (U-5526A) • Converting the bus lane along US 74 to Express Lane

– Total length is approximately 6 miles – Reversible express lane between I-277 and Albemarle Rd – One express lane in each direction between Albemarle Rd and Wallace Ln

• Access to/from Express Lanes – One Direct Connector: Albemarle Rd – Ingress/Egress Point at each

end of the project

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US 74 Express Lanes Phase II (U-2509) • One Express Lane in each direction between Conference Dr and I-485 – approx. 6

miles

• Access to/from Express Lanes – Three Direct Connectors: Conference Dr, Sardis Rd North, and I-485 – Four intermediate Ingress/Egress Points in each direction

• Other improvements

– Upgrade US 74 to expressway (no at-grade intersections)

– Convert multiple at-grade intersections into grade separations or interchanges

– Several parallel road connections to improve connectivity

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Coordination • I-485: Stakeholders and Public

– Five Stakeholder Meetings (Charlotte DOT, CRTPO, CATS, Union County, Towns of Pineville and Matthews)

– Eight small group meetings (CRTPO TCC, Town Councils, local public/neighborhood groups)

– Two public meetings – Additional public meetings this spring

• US 74: Stakeholders and Public – Several meetings with Stakeholders (Charlotte DOT, CRTPO, and CATS) – Two public meetings – Additional public meetings this spring – Future public meetings for US74 Phase II

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Documents

Charlotte Regional Express Lane Facilities: I-485 and US 74 · I-485 Express Lanes (I-5507) • One Express Lane in each direction between I‐77 and US 74 (approximately 17 miles)