Regional Measure 3. May 16, 2017 SFMTA Board of Directors

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1 Reginal Measure 3 May 16, 2017 SFMTA Bard f Directrs

2 Reginal Measure 3 Prir Reginal Measures Reginal Measure 1, 1988 Reginal Measure 2, 2004 Reginal Measure 3 Cnsidering a $1, $2 and $3 bridge tll increase fr the Bay Area s 7 tll bridges. When? TBD, likely 2018 Primary r General Electin What Types f Prjects? Prjects that prvide benefits t the tll bridge crridrs Current Bridge Tlls FACILITY STANDARD TOLL CARPOOL TOLL BATA Bridges $5.00 $2.50 Glden Gate Bridge $6.50 / $7.50 FasTrak / Plate Prt Authrity f Yrk/New Jersey (Bridges & Tunnels) $10.50 / $12.50 / $15.00 Off-Peak / Peak / Cash $4.50 $6.50 2

3 Reginal Measure 3 Estimated Tll Increase Revenue Cmparisn (MTC, April 2017) Hw will RM3 take shape? SB 595 intrduced in April (tll amunt, vte timing, and expenditure plan TBD) State level with Bay Area delegatin Legislatrs seeking input frm stakehlders n pririty prjects and amunts MTC-led technical prcess wrking with CMAs, transit peratrs, and ther stakehlders TOLL SURCHARGE AMOUNT SHARE OF FUNDS FOR OPERATIONS ($3 TOLL) ANNUAL REVENUE ANNUAL OPERATING BUDGET CAPITAL FUNDING (25-YEAR) $1 $127M $1.7B $2 $254M $3.3B $3 $381M $5.0B Estimated Tll Increase Trade-ffs (MTC, April 2017) TOTAL CAPITAL BUDGET 0% - $5.0B 5% $19M $4.7B 10% $37M $4.5B 15% $56M $4.2B 20% $75M $4.0B 3

4 RM3 Principles M TC s DRAFT RM3 PRINCIPLES Bridge Nexus Reginal Prsperity Sustainability State f Gd Repair Demand Management Freight Resiliency SF PROPOSED ADDITIONAL RM 3 PRINCIPLES Ensure all prjects benefit tll payers in the vicinity f the San Bay Area s seven state-wned tll bridges Invest in prjects that will sustain the regin s strng ecnmy by enhancing travel ptins and imprving mbility in bridge crridrs Ensure all prjects are cnsistent with Plan Bay Area 2040 s fcused grwth and greenhuse gas reductin strategy Invest in prjects that help restre bridges and transprtatin infrastructure in the bridge crridrs Utilize technlgy and pricing t ptimize radway capacity Imprve the mbility, safety and envirnmental impact f freight Invest in resilient bridges and appraches, including addressing sea level rise Equity Multimdal Ensure investment in prjects that imprve the affrdability f and t, alternative travel ptins t single-ccupancy vehicles in the crridrs, particularly fr lw-incme residents f the Bay Area. Invest in multiple mdes t prvide alternative travel ptins in the crridrs, including bus, rail, ferry, bicycle and pedestrian prjects. 4

5 DRAFT SF RM3 Candidate Prjects prjects listed in alphabetical rder by categry; list is nt priritized Prject Descriptin Ttal Prject Funding Cst Gap SF RM3 Ask amunts in Transit Cre Capacity millins f $ s a BART Cre Includes Bay Area Cre Capacity Transit Study (CCTS) and peratinal Capacity/Metr Prjects prjects. TBD per CCTS TBD per CCTS TBD per CCTS New vehicles will supprt increased service in the cre f the BART b BART Expansin Vehicles system. [NOTE: funding gap includes $300 M each frm San Francisc, Cntra Csta, and San Francisc cunties and $100M frm MTC.] $1,300 $1,000 $200 c Cre Capacity & Transit Reliability (SFMTA) Includes prjects recmmended frm the CCTS. $1,300 $1,000 $600 d Missin Bay Ferry Landing Establishes new ferry terminal t directly cnnect Missin Bay and Central (Prt f SF) Waterfrnt SF neighbrhds t the East Bay via transbay crridr. $43 $25 $25 e A recmmendatin frm the CCTS, includes light rail vehicles and buses Muni Fleet Expansin and t better meet current and future ridership, and facilities imprvements t Facilities (SFMTA) supprt the current and future fleet. $944 $799 $350 f Transbay Transit Center Cvers the funding gap needed t supprt peratins and maintenance f Operatins the new Transbay Transit Center. TBD per TJPA TBD per TJPA $125 g h Transbay Transit Center Phase 2: Caltrain Dwntwn Extensin 2nd Transbay Tube Caltrain/HSR subway cnnectin frm suth f 4th/King t the Transbay Transit Center [$300 M RM3 cmmitment in Plan Bay Area] Study and cnceptual engineering funds fr a 2nd transbay tube as discussed in the CCTS. $3,935 $2,653 - $2,823 $500 TBD per CCTS TBD per CCTS TBD per CCTS 5

6 DRAFT SF RM3 Candidate Prjects prjects listed in alphabetical rder by categry; list is nt priritized Prject Active Cngestin Management i j k San Francisc Managed Lanes (SFCTA) Treasure Island Mbility Management Prgram (SFCTA) Transprtatin Demand Management Prgram (MTC) Equity l m n BART Mdernizatin (Embarcader t Civic Center) Bicycle/Pedestrian Facilities Prgram (MTC) Lifeline Transprtatin Prgram (MTC) Muni Metr Mdernizatin (SFMTA) Descriptin Cnverts lanes n US-101 and I-280 in San Francisc t express lanes t supprt faster and mre reliable transit and rideshare ptins frm I-280 (King St.) t San Mate cunty. Funds wuld cver start-up csts fr the Treasure Island Mbility Management Prgram, including prcuring a new alternative-fuel ferry and advancing ferry service frm dwntwn SF t Treasure Island by 3 years. [NOTE: prject cst represents partial start-up csts nly] A reginal Transprtatin Demand Management Prgram culd prvide funding t innvative incentive prgrams such as BART Perks, and t smart/innvative technlgy prjects such as technlgy-enabled crridr management strategies, t help reduce cngestin in the cre. Includes additinal elevatrs and assciated wayfinding, imprving accessibility t BART at the Embarcader t Civic Center statins in San Francisc. A reginal bicycle/pedestrian prgram culd prvide funding fr prjects that imprve access t the bridge crridrs and t transit serving thse crridrs. A reginal prgram that culd prvide funding fr late night transprtatin services, fare studies, and accessibility and mbility prgrams in the bridge crridrs. Imprves existing statins t address much-needed state f gd repair investments, including safety and accessibility imprvements, including but nt limited t escalatrs, elevatrs, and wayfinding. Ttal Prject Cst Funding Gap amunts in millins f $ s SF RM3 Ask $62 $61 $30 $32 $32 $32 TBD TBD TBD TBD per BART TBD per BART $32 TBD TBD TBD TBD TBD TBD $175 $175 $75 Ttals: $5,745 - $5,915 - $1,102 % f RM3 Capital Prgram fr $3 tll level: 22% 6

7 Next Steps SFCTA Cmmissin and SFMTA Bard adpt principles, SF prject list and amunts fr advcacy Wrk with Mayr s Office, SFCTA, MTC and ther partners n State delegatin engagement MTC adpts Bay Area prject list (advisry) State legislature authrizes measure t g n ballt, including tll increase amunt, vte timing, and reginal expenditure plan Vter apprval (2018 Primary r General electin) 7

8 Thank Yu Mnique Webster Senir Manager, Capital Finance