MOBILITY INVESTMENT PROGRAM
The Transformational Mobility Network ( TMN )
Charlotte has historically relied on project specific ballot measures and capital improvement programs to advance transportation infrastructure projects . While effective , the pace of project delivery is being outpaced by demand . By comparison , many fast growing metros are responding to similar circumstances through the creation of mobility infrastructure programs .
These programs are often structured to maximize effectiveness and efficiency through agreed upon frameworks that clearly define : project eligibility ; prioritization processes that align with community goals ; measures intended to integrate the transportation investment with other community initiatives ( ex : housing , economic development , safety ); and dedicated revenue resources that establish the ultimate scale of the program . The Task Force recommends that Charlotte establish a similar program and has assembled an integrated system of projects , a Transformational Mobility Network ( TMN ) to implement .
The creation of a mobility investment program will allow Charlotte to advance more projects simultaneously while improving the efficiency and effectiveness of project delivery .
Charlotte MOVES Funding Strategy
TIME & DURATION
Construction :
10 + Years
Financing :
30 Years
Exact duration influenced by an agreed upon financial plan and construction program
PROGRAM SCALE & AMOUNT
Total Program : $ 8 to $ 12 Billion
Local Portion : $ 4 to $ 6 Billion
Program includes design , construction , operation , maintenance , and financing
FUNDING SOURCES
Partnerships : State & Federal Grants
Existing Sources : Planned Capital Investment
Primary New Source :
Increased Sales Tax
Secondary New Source *:
Dedicated Property Tax
* If needed iv Preface