Denver RTD Generating Innovative Ideas to Fuel Expansion

Posted on April 24, 2013 by Janna Starcic, Executive Editor

Page 2 of 4

The first portion of RTD’s FasTracks program, the West Line light rail line, will debut late April.
The first portion of RTD’s FasTracks program, the West Line light rail line, will debut late April.
Creative funding
One of the first of several initiatives the agency pursued was a public-private partnership to help fund its East and Gold Line commuter rail projects (Eagle P3). Other FasTrack projects, such as the North Metro Commuter Rail Line and RTD’s bus rapid transit project, will benefit from creative funding in the form of the FasTracks Internal Savings Account. This account would pool together funds from several internal actions such as pursuing additional sales tax revenue.

To that end, the RTD is awaiting the outcome of a new bill that would allow the agency to have parity with the state to tax items such as candy, soft drinks and cigarettes — items already taxed by the state. If passed, the bill would raise an additional $2.7 million annually, which would help fund the FasTracks commuter rail project.

Additionally, a consulting firm was brought in to look at the agency’s assets for revenue generating opportunities.

“We want them to determine where it makes sense to sell naming rights to stations, those kinds of things,” Washington says.

Maximizing the value of its assets was also the goal behind the development of the T3 (Transformation through Transportation) industry forum held in fall of 2011. Top executives from engineering, construction, financial and tech firms from around the world took part in the event.

“We brought in big businesses and players from all over the world,” Washington says. “We laid out our program plans and asked them to come in with their ideas and help us. Not just to build new infrastructure, but to look at our existing assets and tell us how we can maximize the value of what we have.”

To enhance the idea submission process, the RTD revised their unsolicited proposal policy. Since the forum, RTD received several unsolicited proposals, which resulted in being able to complete the I-225 Rail Line corridor by 2016.

“We are in the process of being able to push another project forward [the North Metro Rail Line] through this process,” Washington says.

View comments or post a comment on this story. (0 Comments)

More News

UK’s first full-sized autonomous bus begins depot trials

The 38-foot Alexander Dennis Ltd. Enviro200 bus is being piloted by Stagecoach.

METRO launches submissions process for Innovative Solutions Awards

This is a great opportunity to highlight the successes of your bus operation or company.

STV|DPM relocates Connecticut bus facility

Through a management contract with Connecticut Department of Transportation, NET provides public bus transit services in the greater Waterbury, Meriden, and Wallingford areas.

California's NCTD implements bus stop optimization program

Approximately 90 bus stops were identified for removal or consolidation based on the review.

MCI names service center manager for Bay Area

Brian Jablonski will be responsible for keeping the year-old Hayward center at full capacity.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment



Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation