Economic Vitality and Quality of Life Unlocking Hampton Roads HRTAC Overview Kevin B. Page Executive Director

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1 HAMPTON ROADS TRANSPORTATION ACCOUNTABILITY COMMISSION Economic Vitality and Quality of Life HRTAC Overview Kevin B. Page Executive Director 8/10/2018

2 CONGESTION/FUTURE CONNECTIVITY 2040 Population The Stage is set for Regional Transportation Solution Consensus Building 2040 Employment 2

3 3 For two decades the Region has identified these projects

4 MOVING THE REGION FORWARD HRTAC/HRTF Overview Hampton Roads Transportation Fund created 2013 Acts of Assembly HB2313 HRTAC created 2014 Acts of Assembly HB1253 Hired Executive Director August 2015 Empowered to procure, finance, build and operate highway, bridge, tunnel, rail and transit projects in Hampton Roads Authorized to use HRTF monies and tolls for construction projects on new or existing highways, bridges and tunnels and to issue bonds using revenues to support bond debt Regional Collaboration Works closely with the Hampton Roads Transportation Planning Organization (HRTPO) who determines Project Prioritization for the region 4

5 HRTAC Membership 19 Voting members 10 Cities 4 Counties Chesapeake Isle of Wight Franklin James City Hampton Southampton Newport News York Norfolk Poquoson 5 VA General Assembly Members Portsmouth Two Members of the Senate Suffolk Three Members of the House of Delegates Virginia Beach Williamsburg 4 Non Voting Ex officio members Commonwealth Transportation Board Member Virginia Department of Transportation Virginia Department of Rail and Public Transportation Virginia Port Authority June 21, 2017 Michael Hipple elected Chair and Linda Johnson elected Vice Chair HRTAC is a political subdivision of the Commonwealth Primarily funded with HB 2313 revenue (Hampton Roads Transportation Fund) approved by the 2013 General Assembly 5

6 HAMPTON ROADS TRANSPORTATION FUND Additional Sales Tax Additional 0.7% $131.47M Revenue FY17 ($129.97M FY2015) Additional Fuels Tax Regional tax on motor fuels Additional 2.1% $25.03M Revenue FY17 ($40.94M FY2015) Fuel tax not floored in 2013 Loss of around $20M per year July 1, 2018 SB896 Floor on Gas Tax for HRTAC or NVTC/PRTC, +$22M/year for HRTAC State Code requires HRTF funds to be spent Hampton Roads highway construction projects 6

7 Legislation: Congestion Relief HRTAC (HB 1253, 2014) shall give priority to those projects that are expected to provide the greatest impact on reducing congestion for the greatest number of citizens residing within Planning District 23 Statewide Prioritization Process (HB 2, 2014) Hampton Roads highway construction districts shall ensure that congestion mitigation is weighted highest among the factors in the prioritization process 45% weighted factor in Hampton Roads 7

8 General Assembly 2016 HRTAC Omnibus Bill HB1111 Fine Tuning HRTAC Allows investment and provides liability protections Allows counties to designate a representative Allows all localities to have representation at the meetings if Chief Elected Officer or County Designee is unable to attend. Notice must be given 48 hours before meeting if regular member is unable to attend Administrative and operating expenses shall be paid by HRTAC Revenues 8

9 General Assembly Actions 2016 Tolling Language within the State budget establishes new toll policy restricting CTB, VDOT, HRTAC, and NVTA from tolling existing un tolled lanes without General Assembly approval except on: HOV/HOT Lanes New Lane capacity New bridges Short segments of highways between existing toll facilities Legislation was adopted allowing better collection of unpaid toll bills from other states HRTAC now has state guidance on tolling 9

10 General Assembly Actions 2018 SB896 Sets Regional Motor vehicle fuels sales tax price floor Establishes a floor on the 2.1 percent sales tax imposed on motor vehicle fuels in NOVA and Hampton Roads Tax no less than what the statewide average distributor price would have been on February 20, Defines "average distributor price." Language on the credit of toll revenues to HRTAC Language authorizing DMV Commissioner to share tax data with HRTAC executive director or designee 10

11 Defining the Roles of the HRTPO and HRTAC 11

12 EVOLUTION OF HRTAC Projects Plan HRTPO (Long Range Transportation Plan with HRTAC Input) Prioritizes Projects Based on Project Readiness with HRTAC Input Program HRTAC (Six Year and Long Range Plans of Finance) CTB (Six Year Improvement Program) HRTPO (Adds HRTAC Projects to Transportation Improvement Program) Finance & Deliver HRTAC (Regional Tax Funding/Bonding, Toll Revenues/Bonding, and Smart Scale Grants Contracts with VDOT or Others to Deliver Projects) VDOT Smart Scale Funding (Constructs Projects Contracted by HRTAC) HRTPO Long Range Transportation Plan identifies priority projects in the constrained plan or vision plan as under study/development/construction HRTAC develops a six year and long range plans of finance to guide in project funding for development and construction HRTAC feeds LRTP funding plans HRTAC allocates funds to specific projects, asks that the HRTPO add them to the TIP The CTB selects the Local Preferred Alternative, maintains Statewide Transportation Improvement Program, allocates state funding to projects in Six Year Improvement Program awards Smart Scale funding VDOT assists in project readiness and construction through HRTAC/VDOT MOA and HRTAC project construction agreements 12

13 2040 LRTP: Regional Priority Projects Sequencing Based on Project Readiness I II III IV V I 64 Peninsula Widening I 64/I 264 Interchange I 64 Southside Widening/High Rise Bridge Phase 1 Hampton Roads Crossing: Alternative A HRBT I 64 Southside Widening/High Rise Bridge Phase 2 I 64/Fort Eustis Blvd Interchange US Route 460/58/13 Connector Bowers Hill Interchange A major step forward in Regional Consensus Building February 18,

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15 Adopted HRTAC FY2019 FY2024 Six Year and 2045 Operating and Capital Plans of Finance for the Region s High Priority Projects (With Toll Revenues to HRTAC) On June 21, 2018, HRTAC Adopted the HRTAC FY2019 FY2024 Funding Plan and the HRTAC 2045 Long Range Plan of Finance Assumptions: HRBT advances on schedule enters SYIP 2019 completion 2024 All net toll revenues anticipated from HRTAC funded projects go to HRTAC Smart Scale funding for HRTAC funded projects continues and will be programmed upon award 15

16 Project Costs and Expenses & Funding Sources FY2019 FY2024 (With Toll Revenues to HRTAC) 16

17 HRTAC Projected Cash Flow FY 2019 to FY 2024 (With Toll Revenues to HRTAC) 17

18 ADOPTED HRTAC 2045 LONG RANGE PLAN OF FINANCE UPDATE (with toll revenues to HRTAC) 18

19 Regional Projects: 2045 Long Range Plan $8.2B YEAR PROJECT YOE COST ($M) I 64 Peninsula Segments 1, 2, and 3 $ I 64/I 264 Interchange Phases I & II $ I 64 Southside/High Rise Bridge Phase I $ Project Development $ HRBT $3, I 64 Southside/High Rise Bridge Phase II $1, Bowers Hill Interchange $ US 460/58/13 Connector $ I 64/Fort Eustis Blvd Interchange $320 Vision Plan I 564/I 664 Connectors (Patriots) I 664/MMMBT VA 164/164 Connector 19

20 Smart Scale (HB2) Funding Smart Scale (Formerly known as HB2) funding is a competitive prioritization process administered by the Commonwealth to advise the Commonwealth Transportation Board in its funding decisions. $200,000,000 HRBT application submitted August 2018 $144,927,753 awarded in June 2016 to the I 64 Peninsula Widening Project $150,000,000 awarded on June 20, 2017 $100,000,000 to the I 64 Southside Widening/High Rise Bridge Project $50,000,000 to the I 64/I 264 Interchange Phase II Project 20

21 Hampton Roads Crossing Study A study that led to Unanimous Regional Decisions on October 20,

22 HRBT Moving Forward March 16, 2017, HRTAC allocated $25M toward refinement of HRCS Preferred Alternative HRCS SEIS is complete June 12, 2017, FHWA issued Record of Decision (ROD) Project s planning level cost estimate $3.3B in 2016 dollars (SEIS) $3.8B YOE Includes Construction, CEI, Large Contingency HRTAC SYIP adopted in June 2018 adjusts to $3.6B YOE. HRTAC, funding agent, is developing strategies to fund construction VDOT, delivery agent, is evaluating delivery options and initiating preliminary engineering 22

23 HRBT Next Steps 23

24 HRBT Next Steps 24

25 The Road Ahead 25 25

26 Next Steps HRTAC will continue work to develop solutions and continue construction of HRTAC s $1.1B HRTF approved/funded projects For HRBT HRTAC/VDOT will develop MOU to outline roles, responsibilities and Stakeholder involvement to keep the Region informed HRTAC will work with HRTPO and impacted jurisdictions to study the remaining projects not selected in the SEIS Alternative A Public discussion on how to fund the projects HRTAC will advance the FY2019 FY2024 Funding Plan and 2045 Long Range Plan, calibrate funding options, seek public input, advance project readiness and continue bonding/financing of projects 26

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