2 |
PROGRAM SCALE & AMOUNT |
3 |
FUNDING SOURCES |
The Transformational Mobility Network is a program of multimodal projects and investments covering transit , greenway , pedestrian , bicycle and roadway projects derived from our existing and adopted plans .
This program of mobility investment is estimated to cost between $ 8 to $ 12 billion to design , build , and finance . This cost estimate is based on assumptions and program estimates in our existing plans and will require further refinement during the development of a detailed financial program .
The funding strategy assumes a 50-50 funding approach where local funding sources account for 50 % of the total cost with the remainder funded through State and Federal sources .
Funding the Transformational Mobility Network will require securing partnerships , redeploying existing sources ( planned capital investment ), and identifying new funding sources .
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
HOW | The Funding Strategy 61