Transportation Infrastructure Funding & Economic Impact
"Explore the economic impact of MARTA, 9th largest transit system in the U.S., on Georgia's economy. Learn about its financial stewardship, reserves projection, and cost-saving initiatives including IT advancements like iRecruitment. Discover how MARTA plays a crucial role in supporting regional and state economies through providing accessibility, mobility, and contributing to job creation. Delve into the challenges faced by MARTA and its commitment to delivering an excellent customer experience while being a catalyst for economic development."
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Presentation Transcript
Joint Study Committee on Critical Transportation Infrastructure Funding September 30, 2014 Keith T. Parker, AICP @CEOMARTA
MARTA AT A GLANCE 9th largest transit system in U.S. Approximately 418,000 weekday boardings 4,536 total employees Major contributor to regional and state economy
ECONOMIC IMPACT 7,800 jobs in Fulton/DeKalb Counties 24,800 jobs supported statewide $1.4 billion in economic activity supported annually MARTA impact similar to insurance and hospitality industries in Georgia Of Atlanta s 18 fastest-growing industry sectors, 14 rely heavily on MARTA for work transportation Special Events ( Note: UGA Study 2012)
MARTA WAS http://cms.ipressroom.com.s3.amazonaws.com/8/files/20125/50ee274929371a4f6800000e_236795_MARTA_Train_in_front_of_Capitol_skyline_-_Credit_Kelly_Mills/236795_MARTA_Train_in_front_of_Capitol_skyline_-_Credit_Kelly_Mills_4b89f7b4-e8b4-401c-b7a4-30f5c803e667-prv.jpg Employee furloughs Salary and wage freezes Reduced 131 bus routes to 91 Increased headways Closed some restrooms Fare increases Negative public perception
MARTA IS A good financial steward of public tax dollars Committed to an excellent customer experience Mobility and accessibility A catalyst for economic development
FY2013 FY2018 RESERVES PROJECTION BALANCE TREND 120,000,000 100,000,000 80,000,000 60,000,000 40,000,000 20,000,000 - (20,000,000) FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Without Transformation Initiatives 109,693,8 85,372,60 62,695,25 39,458,90 14,714,66 (8,124,66
FY2013 FY2018 RESERVES BALANCE TREND (millions) 175.0 163.1M 150.0 125.0 100.0 75.0 50.0 25.0 .0 -25.0 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY15 & Beyond Proposed 151.6 162.3 162.5 162.5 164.2 163.1 FY14 & Beyond Adopted 151.6 122.9 113.6 108.3 103.8 112.6 FY13 & Beyond Adopted 144.1 106.1 74.6 44.4 14.1 -13.4
COST SAVINGS IT Department estimated $14M Electricity $1M $2M iRecruitment Elimination of paper paychecks CNG Conversion $1 per gallon diesel Laredo Solar Canopy $75K
FY15 OPERATING BUDGET Operating Budget - $415.6 million Balanced Budget NO Fare Increase in FY14 or FY15 Service Restoration Increased Rail Frequency Bus Service Enhancements Police Officers Additional Station Service Agents Reinstate More Durable Breeze Tickets
FY15 CAPITAL BUDGET Capital Programs - $470.1 million, which includes $149.2 million for debt services. Capital Projects: Brady Garage Elevator/Escalators Restroom Restoration New Vehicles (Buses and Mobility Vans) Safety: Tunnel Ventilation Fire Protection Video Analytics CCTV System Expansion Lighting Upgrades
ORGANIZATIONAL INITIATIVES Operational Road Map Five-year plan Twelve areas of focus Year one initiatives underway
OPEN FOR BUSINESS Revenue Generation: Advertising Naming Rights Parking Concessions Transit - Oriented Development
ECONOMIC DEVELOPMENT Transit Oriented Development (TOD) Increase transit ridership Improve neighborhoods Generate stable revenues Learn more: http://www.itsmarta.com/TOD-real- estate.aspx Job Creation: Transit investment creates short-term and long-term employment
CUSTOMER SERVICE IMPROVEMENTS New buses and Mobility vans Upgraded station lighting Upgraded elevators/escalators More Restrooms re-opened
CURRENT TECHNOLOGY PROJECTS See and Say app Improved electronic signage at rail stations MARTA On the Go app Train Control System Upgrade (TCSU) Ongoing installation of surveillance cameras on rolling stock Urine Detection Devices (UDD) 15
TECHNOLOGY ON THE HORIZON Mobile fare payments Audio Visual Information System (AVIS) http://blogs-images.forbes.com/ciocentral/files/2012/04/mobile-payments.jpg Real-time trip planning integrated with Google maps Wi-Fi in stations and on rolling stock Security upgrades to Breeze fare media Video Analytics Automated Parking Access and Revenue Control (APARC) Integrated Operations Center 16
MARTA POLICE PEER COMPARISONS MARTA Police Peer Comparison 2012 Crimes Reported by Agency (Transit) AWARDS
FISCAL SUSTAINABILITY Moody s Investor Service Upgraded MARTA s Third Indenture Bonds from A1 to Aa3 (May 2014) Cited improving financial performance and reduction in variable rate exposure MARTA issued fixed rate refunding and new money bonds Total $300 million Upgrade contributed to reducing anticipated fixed rate issue costs by $4.2 million
IMPROVING PUBLIC IMAGE 19 POSITIVE COVERAGE EXCEEDS $1 MILLION IN VALUE* MARTA should be commended for their leadership I have been impressed and I think more members of the legislature are impressed (Gov. Deal , Dec. 2013) We re heartened to see lawmakers adopted a more practical outlook in recognizing the work MARTA s been pursuing to improve its financial & operational efficiency (Andre Jackson, AJC, Apr. 2014) MARTA Has turned its fiscal ship around operating in the black again Rep. Jacobs, Mar. 2014 *The media monitoring system determines publicity value based on an industry standard. During the 3rd and 4th Quarters July 1, 2013 - December 31, 2013
5 STEPS OF CLAYTON JOINING MARTA State legislation lifting of the sales tax cap to only join MARTA (contracting of services never an option) to restore transit MARTA Board and Clayton Commissioners approve Rapid Transit Contract (RTC) calling for one penny sales tax levy Clayton Commissioners call for binding referendum and approves RTC Majority of Clayton voters approve RTC in November referendum Jurisdictional concurrence 20
INVESTMENT OPPORTUNITIES State of Georgia investment opportunities in MARTA: Include transit in any state funding formula for transportation Full elimination of the 50/50 provision for MARTA sales tax
INVESTMENT IN TRANSIT FOR OUR FUTURE Metro Atlanta is changing in meaningful ways*: Atlanta is a young city that wants transit we are ahead of national averages in Millennial and Generation X populations Atlanta ranks 6th in the nation for residents with college degrees Between 2010 - 2013, Atlanta ranked as the 7th fastest growing city in the nation Over the last year, Atlanta ranked 4th in jobs added Traffic Problems consistently rank second only to public education as a concern weighing on the entire metro region 1990 2000 2010 *Statistics furnished through the Atlanta Regional Commission
2014 REPORT CARD FOR GEORGIA INFRASTRUCTURE Georgia is among the lowest in the country in transit spending per resident. According to the American Public Transportation Association's 2010 Survey of State Funding for Public Transportation. State Georgia Illinois New Jersey North Carolina Cost Per Resident $0.63 $40.43 $119.52 $7.94
TALE OF THREE TRANSIT SYSTEMS MARTA WMATA BART Rail Opening Date June 30, 1979 March 29, 1976 Sept. 11, 1972 48 106 104 Track Miles Stations 38 86 43
TRANSIT IMPROVES LIVES Helps Environment The private vehicle is the largest contribution to a household s carbon footprint Saves Money Affordable alternative to driving, saving households that use public transit an average of $10,103 Benefits Health Train riders lost 6.5 pounds (American Journal of Preventive Medicine) Source: American Public Transportation Association
X-Teams Vision for the Future www.itsmarta.com 404-848-5000
