Reacting to Trends Rising gas prices! Decreasing public funding for transportation. TDM becoming more needed in new development. Modified tax benefit.

Reacting to Trends

• Rising gas prices!

• Decreasing public funding for transportation.

• TDM becoming more needed in new development.

• Modified tax benefit now includes bicycling.

Reaction to Rising Gas Prices

• Rideshare applications up 4 in many communities

• Transit capacity reaching it limits in many communities

• Vanpooling a strong alternative to limited transit supply

Reduced Public Funding

• Decreased revenues nation-wide

• Focus on worst-case maintenance

• Looking at more pay-as-you-go options

• Urban Partnership demonstration programs focused on Tolling, Telecommuting, Transit and Technology (Miami, Seattle, San Francisco and Minneapolis)

TDM and New Development

• Access-Access-Access

• TDM supports TOD

• Unbundling parking including residential

• Increasing car-free households

• Significant savings for the commuter, developer and community

Case Example

• Clayton Lane, Denver CO– Mixed used development

– Subsidized transit passes

– Active promotion through Transportation Solutions (local TMA)

– Bike station

– Strong pedestrian connections

Case Example

• Roslyn-Ballstron Corridor, VA

– 12% don’t own cars

– Corridor produces 33% of real estate tax revenue from less than 8% of county land area – lowest taxes for any major jurisdiction in Northern Virginia.

– Award winning TDM program

– Performance monitoring

– 42% SOV

Parking Reduction Savings(Boulder Transit Village Study)

• One possible scenario:– No TDM

• 100,000 SF commercial development• 320 parking spaces (3.2/1,000 SF)• $6.4 million to construct ($20,000/space)• Monthly costs $42,000 (20 years at 5%)

– With TDM• 150 parking spaces (1.5/1,000 SF)• $3 million to construct • Monthly cost $19,000• $8,350 monthly cost for TDM services and incentives

• Net monthly savings ~ $14,650

Modified Tax Benefit

• The Emergency Economic Stabilization Act of 2008 : H.R. 1424  (bailout) bill signed into law by President Bush includes expanding qualified transportation fringe benefits (Section 132(f) ) to allow up to $20.00 per month for bicycle commuters.  For most employees, those who ride transit or commuter highway vehicles (e.g., vanpool) can receive up to $115.00 per month tax free.  They can also receive $220.00 per month tax free for qualified parking.

• Bicycle benefit takes effect in January 2009. 

TDM in Dubai• Emirate with 2.2 million people (80%

foreign)

• Double in size by 2020

• Significant congestion

• Need both short and long term strategies

Measures• Ridematching – www.sharekni.ae

• Studying staggered work hours and alternative work schedules

• Developing parking pricing around rail station areas to encourage transit use (opening in 2009)

• Congestion pricing

Thank you!www.urbantrans.ca