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Chapter 1 x Executive Summary <br />1-23 <br />Table 1-5: Funding and Financing Strategies for the Dumbarton Transportation Corridor Study <br />Recommendations <br /> Strategy Anticipated Revenue <br />1 Dedicate funding currently available for Dumbarton-related <br />improvements <br />$150 million <br />2 Seek additional state and regional funding $200–$300 million <br />3 Seek additional local funding Unknown at this time <br />4 Acquire private contributions Unknown at this time <br />5 Pursue federal grant funding Unknown at this time <br />6 Pursue federal and state financing Unknown at this time <br />7 Explore Value Capture $250–$930 million <br />8 Identify elements that would be attractive for a Public Private <br />Partnership (P3) <br />Unknown at this time <br />9 Use fares to cover transit operating costs $62–$76 million/year <br />TARGETED TOTAL $2.58 billion <br /> <br />ƒ Strategy #1 - The Measure A sales tax provides funding for transportation improvements <br />in San Mateo County. Approximately $30 million is currently available under Measure A for <br />Dumbarton-related station facilities and Rail Corridor improvements in the communities of <br />Redwood City, Menlo Park, and East Palo Alto in conjunction with the Dumbarton Corridor. <br />Measure BB funds the 2014 Alameda County Transportation Expenditure Plan, which <br />includes $120 million for “Dumbarton Corridor Area Improvements.” While rail <br />improvements are not included, the funds may be applied to improvements encompassing <br />express bus services in the Dumbarton Corridor connecting southern Alameda County and <br />the Peninsula, transit-oriented development and priority development areas, and improved <br />local streets and bicycle and pedestrian infrastructure within the cities of Fremont, Newark, <br />and Union City. <br />The 2014 Alameda County Transportation Expenditure Plan also includes $300 million for <br />“Community Development Investments,” which target immediate-term opportunities for <br />enhancing access, improving safety, and creating new infrastructure and supporting <br />construction at BART stations, as well as station area development and Transit-Oriented <br />Development (TOD) at sites identified for early implementation throughout Alameda <br />County. Four eligible station areas are identified in the Expenditure Plan, including “South <br />County Station Areas and Priority Development Areas,” which encompass Dumbarton TOD <br />infrastructure improvements. Because the funding amount for Dumbarton TOD <br />infrastructure improvements are not defined in the Expenditure Plan, SamTrans could work <br />with the Alameda CTC to apply these revenues for station-related improvements. <br />ƒ Strategy #2 - State and regional funding options include SB 1 (the Transportation <br />Infrastructure and Economic Investment Act), AB 32 as part of the “cap-and-trade” <br />program, programs through MTC, and Regional Measure 3. <br />6.1.D. - Page 32