Key Missing Transportation Links and Virginia s Transportation Funding Crisis. NAIOP Northern Virginia Commercial Real Estate Development Association

Transcription

1 Key Missing Transportation Links and Virginia s Transportation Funding Crisis NAIOP Northern Virginia Commercial Real Estate Development Association January 15, 2013

2 Northern Virginia Transportation Alliance NVTA is only private sector organization focused full-time on making better transportation a reality. Expertise 25 years Full-Time Focus Transportation only priority Outreach Seminars/speeches/testimony/ s/website/social media Advocacy/Lobbying Funding; Performance-based priorities Credibility Local, regional, statewide Integrity/Independence Non-partisan/big picture Proven Leadership Coalition-building Proven Results Roads, Rail, Bridges

3 Northern Virginia Transportation Alliance Alliance Alerts Sign up to receive. Read em!

4 Year 2000 Road and Bridge Deletions I-95 in the District Monticello Freeway Potomac Freeway Second Beltway Third Beltway Pimmit Parkway I-66 Inside Beltway Northern Virginia Expressway (Fairfax County Parkway) X X X X X X Potomac River Bridges

5 Growth Occurred Where Roads Deleted Outward Population Shift Location Central 1,017,000 (45%) 889,900 (19%) Inner Suburbs 983,000 (45%) 2,682,900 (59%) Outer Suburbs 195,000 (9%) 979,400 (22%) TOTAL 2,295,000 4,552,200 Source: National Capital Region Transportation Planning Board

6 The Alliance Difference Fueled Northern Virginia Economic Engine The Alliance Difference A Record of Success Fairfax County Parkway Prince William County Parkway I-95 4 th Lane Route 28 I-66 Widening Dulles Toll Road Widening Dulles Greenway Dulles Rail Route 234 Bypass I-495 HOT Lanes Gainesville Interchange Woodrow Wilson Bridge Virginia Railway Express

7 Region s Most Important Missing Transportation Links A. Northern Potomac River Bridge New Potomac River Bridge and extension of VA Rt 28 north to connect to existing Maryland road network B. North-South (Bi-County) Corridor Extend Rt 234 between I-66 and North Star Blvd C. Tri-County Parkway Connect Loudoun County Parkway with I-66 and Rt 234 Business D. US Route 15 Relocation & New Point of Rocks Bridge New Potomac River Bridge and relocation of Rt 15 east of Lucketts E. Route 9 Relocation to bypass the Town of Hillsboro F. Eastern Bypass of the I-95 Corridor Upgrade Rt 301 between I-95 and I-97 G. I-66 Corridor Transit Enhance express bus connections and rail extension H. Future Dulles Connector Identify and protect corridor between I-95 and I-66

8 Funding Realities Like Economic Development, Transportation is an Investment, Not a Cost.

9 Virginia Among Nation s Wealthiest States Per Capita Federal Investment 2 nd Per Capita Income 7 th Gross Domestic Product 10 th

10 Virginia Has Some of the Nation s Lowest Taxes Gas Tax (17.5 cents) 10 th lowest Auto Sales Tax (3%) Lower than surrounding states except NC Retail Sales Tax (5%) 5 th lowest Income 29/45

11 Transportation is an Investment, Not a Cost For every $1 invested in transportation, Virginia receives $4 Transportation, economic development and prosperity are inextricably linked. -Governor McDonnell, December 11, 2011 For Virginia to be the friendliest state for business we must invest in transportation. -Governor McDonnell, April 18, 2011 But Virginia does not invest enough in transportation.

12 Virginia Invests Less in Transportation Virginia ranks 37 nd on per capita transportation spending Virginia ranks 46 th in state and local revenue as a percentage of personal income

13 Yet 25 Years Since Virginia Last Provided New, Long-Term Transportation Capital And it Shows Northern Virginia has nation s: Worst congestion Second longest commutes Hampton Roads isolation I-81 unsafe at any speed 27,000 lane miles of substandard secondary road pavement

14 Congestion Costs Us All Washington area businesses and citizens Endure the Nation s Worst Traffic Congestion (#1) Spend the most hours (188 million) stuck in traffic (#1) Waste the most fuel (95 million gallons) annually (#1) Rank second in travel time and commuter stress (#2) Congestion costs The region s economy $4 billion per year (#4) The average commuter $1,500 per year (#1) Congestion isn t Free

15 Reality Check Virginia Lacks Funds to: Build best congestion reduction measures Build key improvements placed on local maps Build performance-based projects being emphasized in state plans

16 Governor s Transportation Plan Proposed Change Estimated Revenue (millions) Year Total Replace gas tax with 0.8% Sales Tax $ 24.6 $182.6 $ Increase existing sales tax to transportation $ 49.0 $283.2 $ (0.5% to 0.75%) Vehicle Registration: $15 $109.4 $109.4 $ Alternative Fuel Vehicle Fee $ 10.2 $ 17.0 $ 66.6 Market Place Equity Act Transportation $175.7 $222.2 $1,018.8 Market Place Equity Act Local Transportation $ 23.7 $ 30.1 $ TOTALS $392.6 $844.8 $3,188.7

17 Apply 5% Sales Tax to Gas (SB 717/Watkins; HB 2179/Rust) Sales Tax $734.6 Million (2014) Maintenance (3%) $440.2 TTF/Construction (1%) $146.7 Local (.66%) $ 97.8 Intercity Rail (.34%) $ 48.9 Alternative Fuel Vehicle ($102/year) $ 1.9 Prohibition of tolls on existing roads without General Assembly approval Reduces lower income tax rates ($518 million in savings) Eliminates transportation-related tax credits and sales tax exemptions ($485.2 million) to off-set income tax cuts.

18 Other 2013 Transportation Bills of Interest CTB Composition ( HB 1908, HB 2049, HB 2152, SB 732) Dulles Rail (HB 1887/LeMunyon) Applies conditions to Phase 2 funding Dulles Greenway (HB 1979, HB 1980/May) - Acquisition & Authority Public Transit (HB 2070/Comstock; SB1140/Petersen) - Implements performance-based funding Local Gas Tax (HB 1663/Minchew) Authorizes 10-cent local gas tax

19 Other 2013 Transportation Bills of Interest State/Northern Virginia Regional Funds (HB 1472/Watts) 5% Sales tax on gas for statewide maintenance Regional sales tax (0.5%) Regional Grantor s tax (40-cents per $100) Commercial Property Tax removes 12.5-cents sunset (2018); rate increases to 25-cents per $100

20 Other 2013 Transportation Bills of Interest State/Northern Virginia Regional Funds (HB 2079/Rust) 5% Statewide sales tax on gas (HMOF, TTF, Intercity Rail, Local) Alternative fuel vehicle registration fee ($102) Regional sales tax ( 0.5%) Grantor s tax (Additional 15 cents per $100) List of 10 priority projects Local government support

21 Bottom, Bottom Line Transportation Is an Investment, Not a Cost. Better Transportation Doesn t Happen Without Increased Investment.

22 Be Part of the Solution! Join NVTA Today! The Need Has Never Been Greater!

23 Key Missing Transportation Links and Virginia s Transportation Funding Crisis NAIOP Northern Virginia Commercial Real Estate Development Association January 15, 2013