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Department of Transportation & Engineering. Presentation Title Here Additional Line if Needed. Transportation Funding Ohio Transportation Planning Conference. July 16, 2014. Date Here.

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Presentation Title Here Additional Line if Needed

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  1. Department of Transportation & Engineering Presentation Title Here Additional Line if Needed Transportation Funding Ohio Transportation Planning Conference July 16, 2014 Date Here

  2. Cincinnati’s Department of Transportation and Engineering’s mission is to provide a safe and balanced transportation system that supports neighborhood livability and economic vitality.

  3. Cincinnati’s Transportation System • Over $4 Billion in Total Replacement Value Clifton Madison

  4. Cincinnati’s Transportation System • 940 miles of streets and roads ($3B) • 65 City bridges (1.4M SF of deck area) ($350M) • 26 County bridges (700K SF of deck area) ($180M) • 1547 retaining walls (over 50 miles in total length) ($225M) • 1730 miles of public sidewalks ($250M) • 756 Traffic Signals ($45M) Clifton Madison

  5. Traditional Transportation Funding Sources

  6. Federal & State Transportation Grants • Shrinking Resources • • Surface Transportation Program (STP) • Congestion Mitigation/Air Quality (CMAQ) • Community Development Block Grants (CDBG) • Transportation Review Advisory Committee (TRAC) • Ohio Public Works Commission (OPWC) • Municipal Road Fund (MRF) • County Transportation Improvement Districts (TID) • County Engineers’ Association of Ohio (CEAO) • Economic Development Administration (EDA) Grants • JobsOhio 629 Grants

  7. Federal & State Transportation Loans • Shrinking Resources • Transportation Infrastructure Finance & Innovation Act (TIFIA) • State Infrastructure Bank (SIB) • Ohio Public Works Commission (OPWC) Loans

  8. Non-traditional Transportation Funding Sources

  9. Local Funding • Shrinking Resources • • Tax Increment Financing (TIF) • Availability Payments • Special Assessment Districts • New Community Authority – Development Charges and Development Bonds • Public/Private Partnerships (3P)

  10. Federal & State Transportation Grants & Loans • Very Competitive Funding Opportunities • • Transportation Investment Generating Economic Recovery (TIGER – Multiple Rounds) • Transportation Infrastructure Finance & Innovation Act (TIFIA – Ongoing) • Grant Anticipation Revenue Vehicles (GARVEE Bonds) • Build America Bonds (Financing cost savings – Program expired)

  11. So how does that help?

  12. Leverage • Make a little money go further. • • Lay the groundwork to be competitive for grants when they come available. • Aggressively pursue opportunities, but make certain your project qualifies well. • Find other money to match federal money.

  13. Partnerships • It’s good to have friends. • • Seek out cost sharing opportunities both within and outside your organization. Look across the lines in your department, your municipality, and your neighbors. • Ask other interested and associated parties to apply for you (within the bounds of the law). • Make your partners look good.

  14. Western Hills Viaduct Replacement

  15. Western Hills Viaduct Replacement • Cost = $240 Million

  16. Multiple Sources • Several small sums can add up. • • You may never receive enough to fully fund a big project. Find as many complimentary grants and loans as possible and apply; just make sure your project is competitive and your time frames align. • Be as patient as your project and the grant agencies can be. • Don’t chase funds that are more trouble than they’re worth.

  17. Kennedy Connector

  18. Kennedy Connector • Multiple funding sources. Multiple Sources $ 12.0M STP (OKI) $ 16.6M Local $ 4.0M TIF $ 0.1M Ohio DOD $ 32.7M Total

  19. Multiple Approaches • Different approaches can add up too. • • Sometimes it takes more than one approach and a combination of grants, loans, and local money. • Sometimes it takes a different delivery approach. Faster can save money by delivering the project sooner, or financing the project less expensively.

  20. Martin Luther King, Jr. Interchange Economic Development in Uptown • Uptown is home to: • Over 60,000 jobs (2nd to the CBD) • Over 70,000 residents, • Over 60,000 students at UC and Cincinnati State • 7 major hospitals with 5 emergency room facilities and the region’s only Level 1 Trauma Center, and • Cincinnati Zoo and Botanical Gardens (1.2 million visitors annually)

  21. Martin Luther King, Jr. Interchange Construct a new full interchange • Design/Build Delivery • Multiple Sources • $ 63.8M TRAC • $ 21.0M Local • $ 6.4M Other – State • $ 1.7M Other – MPO • $ 25.0M SIB Loan* • $117.9M Total

  22. Questions?

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