VTA s BART Silicon Valley Extension BART Phase II Project Update

VTA s BART Silicon Valley Extension BART Phase II Project Update December 1, 2014

VTA s BART Silicon Valley Alignment 2

VTA s BART Phase I Berryessa Extension 10-mile extension under construction Two Stations: Milpitas, near the Great Mall Berryessa, near the San Jose Flea Market Forecast opening date is Fall 2017 $2.3 billion total project cost Anticipated daily ridership for Phase I: 23,000 opening day (doubles in 15 years) 3

Current Project Activities Milpitas 4 Construction of Milpitas Station invert underway.

Current Project Activities San Jose 5 Completed Hostetter Road deck. Construction underway of BART trench at Hostetter Road in the City of San Jose. Construction underway of wayside facilities (train control S44 and substation SHO) (east of the alignment)

Current Project Activities San Jose Photo of a completed section of the Berryessa Aerial Guideway. 6

VTA s BART Phase II Project Phase II Total Project Cost in Year of Expenditure Dollars : $4.7 billion $163 million incurred to date Anticipated Daily Ridership for Phase II: 55,000 2035 forecast ridership based on 2012 model forecast 7

Measure A Overview Measure A is a ½ cent retail sales tax in Santa Clara County Began collections in 2006 and will sunset in 2036 Devoted to specified public transit capital improvement projects and operations VTA Board of Directors determined BART Silicon Valley a priority project in December 2008 8

Measure A Sales Tax Revenue Cumulative Forecast Projections Millions of Year-of-Receipt Dollars $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 2001: $14.3B 2005: $9.9B 2007: $8.7B 2014: $7.4B 2009: $6.6B $0 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 9

Measure A ½-Cent Sales Tax Uses of Funds FY2006-FY2036 8,000 7,000 Millions of Year-of-Expenditure Dollars 6,000 5,000 4,000 3,000 2,000 1,000 - Other Projects VTA s BART Silicon SVRT Valley Phase Extension 1 Phase I Cost of Debt Operating Incurred Thru 6/14 $1.5B Uses 10

Measure A ½-Cent Sales Tax Uses of Funds FY2006-FY2036 8,000 7,000 Millions of Year-of-Expenditure Dollars 6,000 5,000 4,000 3,000 2,000 1,000 - Other Projects VTA s BART Silicon SVRT Valley Phase Extension 1 Phase I Cost of Debt Operating Other Projects VTA s BART Silicon SVRT Valley Phase Extension 1 Phase I Cost of Debt Operating Project Commitments Incurred Thru 6/14 $3.0B $1.5B Uses 11

Measure A ½-Cent Sales Tax Uses of Funds FY2006-FY2036 8,000 Millions of Year-of-Expenditure Dollars 7,000 6,000 5,000 4,000 3,000 2000 2,000 1,000 - Future Projects Cost Future Projects/ Debt Cost Future Projects Cost of Debt Other Projects VTA s BART Silicon SVRT Valley Phase Extension 1 Phase I Cost of Debt O perating Other Projects VTA s BART Silicon SVRT Valley Phase Extension 1 Phase I Cost of Debt Operating Remaining Measure A Funds Available Project Commitments $3.0B Incurred Thru 6/14 $2.9B $1.5B Uses TOTAL $7.4B 12

Measure A Phase II Funding Measure A funds constrained $2.9 billion remaining for Measure A projects and financing Additional funding needed to build Phase II VTA will pursue federal funding from the Federal Transit Administration s (FTA) New Starts Program New Starts rating for projects is based on two criteria: Project Justification (50%) and Local Financial Commitment (50%) Other funding Cap & Trade, Value Capture, etc. 13

Phase II Capital Costs and Sources of Funds 5.0 4.5 TCRP State Funds 4.0 Shortfall $ ** 3.5 3.0 2.5 2.43 2.6 New Starts Measure A ** 2.0 1.5 1.1 1.1 1.1 1.0 0.5 1.0 1.0 1.0 0.0.163 0.16 4-Station Alternative (Alum Rock, Downtown, Diridon, Santa Clara)* $4.7 billion * The 4-Station Alternative cost includes a full maintenance facility at Newhall. ** Analysis of Measure A revenue forecast is underway. The results from this analysis will determine the extent of Measure A revenue that may be available for projects and estimate the Shortfall $ for SVRT Phase II. 14

Project History Environmental Process 2004 State clearance (CEQA) on Final Environmental Impact Report (EIR): 16-miles 2007 CEQA clearance on Final Supplemental EIR (SEIR): 16-miles 2010 Federal clearance (NEPA) on Final Environmental Impact Statement (EIS): 10-miles 2011 CEQA clearance on 2 nd SEIR: 10-miles 2015 Joint CEQA and NEPA document (SEIS/SEIR3): 6-miles 1

Environmental Process State (CEQA) and federal (NEPA) Environmental Process Timeline 16

Environmental Process Notice of Preparation (NOP) notification to state and other agencies of the project including a description, the location, and potential environmental issues Scoping an opportunity for members of the public and agencies to provide input in the proposed project, purpose and need, the various environmental topical areas related to the project, and the scope and content of the draft environmental document Record of Decision (ROD) federal environmental clearance 17

NEPA/CEQA & New Starts (Federal Funding Program) Milestone Schedule 18

Future Community Engagement Activities Ongoing community outreach and engagement during environmental process Environmental process kick-off (scoping meetings) late January/early February Focused Outreach Sessions Spring 2015, some topics may include: Economic and Community Benefits Funding Station Planning Transportation Connectivity Construction Methods 19

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