sponsored by cedar rapids area chamber of commerce and the the greater cedar rapids community...
TRANSCRIPT
Sponsored by
Cedar Rapids Area Chamber of Commerce
and the
The Greater Cedar Rapids Community Foundation
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
What is the feasibility of regularly scheduled
passenger rail service and/or special event
excursion rail service?
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
Feasibility Study Investors…
• Cedar Rapids• Hiawatha• Marion• Coralville• Iowa City• North Liberty• Tiffin• University Heights
• Linn County• Johnson County• University of Iowa
• CRANDIC Railroad• Iowa Interstate Railroad
• Consultant: RL Banks
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
OPPORTUNITIES:
• Cooperating Railroads• Very Well Located Trackage• Community Interest
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
Task 1
INFRASTRUCTURE
& CAPITAL EXPENSE
• Track• Stations• Parking Lots• Layover Tracks• Rolling Stock
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
Task 2
SERVICE PLAN
& POTENTIAL CONFLICTS
• Work around existing freight operations• From ADM to north is congested• Maximum existing speed is 30 mph
• Special event excursion service• Eastern Iowa Airport to Iowa City• North Liberty to Iowa City
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
Task 3
DEMAND ESTIMATION
• Special event excursions• Daily commute• Year 2000 and Year 2030• Transit Oriented Development (TOD)
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
HAWKEYE EXPRESS
Cedar-Iowa River Rail Transit Project Feasibility Study
Corridor Events…
Cedar-Iowa River Rail Transit Project Feasibility Study
Special Event & Attraction Locations…
Cedar-Iowa River Rail Transit Project Feasibility Study
Peak Event Calendar…
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
Cedar-Iowa River Rail Transit Project Feasibility Study
Chicago Transit-Oriented Development…
Cedar-Iowa River Rail Transit Project Feasibility Study
Proposed Iowa City/CoralvilleTOD’s….
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
Cedar-Iowa River Rail Transit Project Feasibility Study
Proposed Cedar Rapids TOD…
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
Task 4
INVESTMENT REQUIREMENTS
• Capital• Operating & Maintenance• Funding Options
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
CONCLUSIONS
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
WHAT IS FEASIBLE TODAY?
• Special Event Excursions• Vintage Excursions
– Equipment is Available
– Equipment is Affordable
COSTS: $3,000 -40,000 to rent
$440,000 to own
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
WHAT IS FEASIBLE IN 3-5 YEARS?
• North Liberty to Downtown Iowa City– Would require special earmark funding
– Could replace some bus routes
– “Park & Ride” possibilities in North Liberty and UI Oakdale Campus
CAPITAL COSTS (Cadillac Version): $18.6 million
ANNUAL OPERATIONAL COSTS: $4 million
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
WHAT IS FEASIBLE IN 6-20 YEARS?
• Eastern Iowa Airport to Downtown IC*– Express Bus Links to Downtown CR &
Kirkwood Community College
• Transit Oriented Developments (TODs)– Coralville, Iowa City, North Liberty,
Cedar Rapids
– Consistent Community Plans
*CAPITAL COSTS: $35.2 million
*ANNUAL OPERATIONAL COSTS: $11.9 million
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
Total Cost of High Speed Commuter Rail to/from Cedar Rapids & Iowa City: $70 Million $70 MILLION DOLLARS? (includes new CR ADM Right of Way)
Things to Remember…Estimated Cost of adding 1 additional lane To I-380 (between CR & Coralville): $400 Million
Tiffin to Dodge Street I-80 Improvements: $75 Million
Future Gas Prices
Cedar-Iowa River Rail Transit Project Feasibility Study
07 December 2006
QUESTIONS