MOVING THE BIG MOVE: LAND & DEVELOPMENT FORUM MAY 1, 2012 Paul - PowerPoint PPT Presentation

Mar 06, 2023 •289 likes •630 views

MOVING THE BIG MOVE: LAND & DEVELOPMENT FORUM MAY 1, 2012 Paul J. Bedford Geographical Context 6 million people today 8.62 million people by 2031 30 municipalities 30 municipalities 4 levels of

MOVING THE BIG MOVE: LAND & DEVELOPMENT FORUM MAY 1, 2012 Paul J. Bedford
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Geographical Context • 6 million people today • 8.62 million people by 2031 • 30 municipalities • 30 municipalities • 4 levels of gov’t • 10 transit agencies • 8,242 km 2
Congestion: Billions annually
Transit
www.metrolinx.com Metrolinx is an agency of the Government of Ontario
Top 10 Lessons Learned Norway Edinburgh Stockholm Manchester Seattle Netherlands Quebec London Salt Lake City Germany New York Denver Atlanta Los Angeles Case studies from our global competitors
1. Earmark revenues to projects Top 10 Re-Cap 2. Simple easy-to-understand revenue tool(s) 3. Engage and educate the public 4. Public champions 5. Benefit and value for everyone 6. Equity and fairness in cost allocation and 6. Equity and fairness in cost allocation and pricing 7. Performance reporting and accountability 8. Trial first, followed by implementation decision 9. Careful and strategic timing 10.Matching funds and other incentives
“I don’t mind paying taxes, they buy me civilization” they buy me civilization” Oliver Wendel Holmes
GTHA Big Potential Tools Estimated $1B+ per year in Revenues or Financing Road Pricing 10+ cents per km charge on provincial and municipal expressway network Parking Pricing $1 per weekday per non-residential parking space Gas Tax 20+ cents per L Transit Fares 50%+ operating cost recovery from farebox Transit Operating Grant 50%+ operating subsidy from government Transit Capital Grant 50%+ capital subsidy from government Sales Tax 1%+ regional sales tax Debt Financing Supported by dedicated revenue stream
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A True Price Comparison 1L 1L 1L 1L Large Gas Milk Evian Second Wine Water Cup Latte $1.37 $3.00 $2.49 $4.10 $10.00
Getting Personal Cost Per Month TTC Road Pricing Cable TV Cell phone GO Train Metropass Toronto-Oakville Oakville to Union 10¢/Km 60Km day 60Km day $120 Month $233 Month $126 Month $40-50 Month $50-100 Month
Moving Forward
Bottom Line

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