R7 D$36 Million Capital
Budget Appropriation
Funding Sources:
•$5 Million Concurrency Mitigation Fund: Capital Projects geared to traffic mitigation, including transit
projects
•$10 Million Resort Tax Fund Balance: One time funds for Tourism-eligible Projects
•$21 Million Redevelopment Agency
non-Tax Increment Fund Balance
(garages, shops, other non-Tax Increment Funds): One time funds for projects within the RDA
Potential Transportation Projects
Premium High-Capacity Transit
Estimated Capital
Project Costs:
•Express Bus on I-195: $19.3M
•Express Bus on I-395: $16.4M
•Potential to allocate a portion of costs to RDA funds.
Mid Town/ Tri-Rail
Coastal Link Potential Intermodal
Facility
Miami Beach
Convention Center
Potential
Intermodal
Facility
Government Center
Station
Complete Citywide Bicycle Network
Miami Beach Bike/Ped Statistics:
•Among top 10 cities nationwide in commuter bicyclist activity
•Most active pedestrian and bicycle travel in Florida
•Highest pedestrian/bicyclist crash rates in Miami-Dade County
Estimated Project Costs:
•Within RDA: $3.2M
•Outside RDA: $22M
•Total Citywide: $25.1M
Citywide Intelligent Transportation System (ITS)
Estimated Project Costs:
•Current Funding Allocation: $4.5M
•Remaining to Fund: $8.2.M
•Remaining within RDA $1.4M (estimated)
SMART
CITY
RDA
Water Taxi/Ferry Project
SMAR
CITY
•Pilot Water Taxi Service
o Expires December 2017
•New dock anticipated to be constructed by end of 2017.
•Potential service plan: 6am-10pm daily, 30-minute headways.
•Estimated capital cost can range from $2M to $10M depending on type & size of vessel and level of service
•Miami-Dade County is updating feasibility study on waterborne transportation solutions, including a plan for creation of on-demand and fixed-route waterborne transportation.
•Service could be provided via a new solicitation or in partnership with Miami-Dade County . WATER TAXI ROUTE
WATER TAXI STOPS
Convention Center Transportation Experience
•Maximize existing hotels in lieu of Convention Center Hotel, by creating a “lobby-type experience” with bus transportation between Convention Center and local hotels
•Miami Beach branded double-decker bus
•Potential allocation eligible for RDA funding
•Estimated purchase cost for 15 double-decker buses: $10.5M
Summary of Costs
Potential Transportation Project Potential
Citywide Cost
Potential RDA Cost
Express Bus on I-395 to MBCC $16.4M Cost Allocation Express Bus on I-195 MIA to MBCC $19.3M Cost Allocation Complete Bicycle Network $25.1M $3.2M Intelligent Transportation System (ITS) and Smart Parking System (SPS)
$12M $1.4M (estimated)
Water Taxi/Ferry $2M - $10M1 $0 Convention Center Transportation Experience $10.5M Cost Allocation
TOTAL $85.3M - $93.3M TBD
1 Pending confirmation of type & size of vessel and level of service