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Heartland Coast-to-Coast Corridor Study ___________________ Presented Sept. 11, 2007

Heartland Coast-to-Coast Corridor Study ___________________ Presented Sept. 11, 2007 Sanibel Harbour Resort Spa. Heartland Coast-to-Coast Study Corridor. 130-mile Corridor. 150-mile Corridor. Typical Roadway Section. (not to scale). Florida’s Future Corridors Action Plan.

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Heartland Coast-to-Coast Corridor Study ___________________ Presented Sept. 11, 2007

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  1. Heartland Coast-to-Coast Corridor Study ___________________ Presented Sept. 11, 2007 Sanibel Harbour Resort Spa

  2. Heartland Coast-to-CoastStudy Corridor 130-mile Corridor 150-mile Corridor

  3. Typical Roadway Section (not to scale)

  4. Florida’s Future CorridorsAction Plan

  5. Conceptual corridor & typical section Project cost estimate Travel demand forecast (traffic volumes) Gross revenue / net revenue estimate Calculation of bonding capacity Determination of toll funding contribution Corridor Study Summary

  6. Project Cost Estimate(2007 Present Day Dollars) I-75 to Florida’s Turnpike (130 miles) Construction $3,765,000,000 Engineering 565,000,000 Right of Way 260,000,000 TOTAL $4,590,000,000 I-75 to I-95 (150 miles) Construction $4,345,000,000 Engineering 652,000,000 Right of Way 303,000,000 TOTAL $5,300,000,000

  7. Used Turnpike State Model Open-to-traffic year = 2015 Modeled years 2015 and 2035 Toll rates = $0.10/mile and $0.12/mile Toll increase 25% every 10 years State road improvements per Work Program through 2015 Local road improvements Travel Demand Forecasts

  8. Year 2035 Traffic (AADT) To Tpk. 5,500 2,300 4,600 7,200 4,900 4,300

  9. Year 2035 Traffic (AADT) To I-95 8,700 6,100 10,200 16,900 17,600 18,700 25,400 5,500 2,300 2,300 4,600 4,600 7,200 4,900 4,300 To Tpk.

  10. Estimates for $0.10/mile and $0.12/mile Toll increase 25% every 10 years Gross revenue stream year 2015 – 2044 Subtract O&M costs to get net revenues Calculate bonding capacity Compare bonding capacity vs. costs Revenue Forecasts

  11. Toll Revenue Estimates East Terminus at Turnpike GrossNet Year 2015 $2.1 M N/A Year 2044 $40.9 M $2.7 M Bonding Capacity = N/A

  12. Toll Revenue Estimates East Terminus at Interstate 95 GrossNet Year 2015 $8.0 M N/A Year 2044 $135.8 M $87.0 M Bonding Capacity = $434 M

  13. Toll Funding Contribution(assumes 2012 construction start) East Terminus at Turnpike Bonding Capacity N/A Project Costs (escalated) $ 5,720 M SHORTFALL $ 5,720 M East Terminus at Interstate 95 Bonding Capacity $ 434 M Project Costs (escalated) 6,603 M SHORTFALL $ 6,169 M

  14. SR 60 Traffic Impacts(projected Year 2035) 21,700 / 16,600 NC -1% -24% -22% -9% -10%

  15. SR 70 Traffic Impacts(projected Year 2035) -17% -10% -8% -17% -13% -46% -16% 13,000 / 10,800

  16. Organization of stakeholders Regional growth vision Environmental stewardship plan Protection of corridors What Next?

  17. Heartland Coast-to-Coast Corridor Study ___________________ Presented Sept. 11, 2007 Sanibel Harbour Resort Spa

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