AgdaPkt 2018-09-10 Joint SA PFA - Laserfiche WebLink

Browse Search

6.3.C. - Page 2 ANALYSIS The Study and Analysis is the first phase in the Redwood City Ferry Project with the overall objective of developing recommendations for the City Council and Port Commission to determine whether ferry construction and service is viable. The Study and Analysis will address the following areas: Financial Feasibility Study • Explore potential near-term and long-term ferry routes • Estimate capital costs and funding sources • Estimate operating costs and funding sources, including non farebox revenues • Evaluate implications of WETA route expansions to funding availability for a Redwood City ferry service • Conduct market analysis to quantify potential ridership, travel times relative to alternative modes, potential fare levels, and estimated farebox revenue • Identify potential private partnership opportunities Cost -Benefit Analysis • Identify and quantify local and regional benefits • Quantify years to return on investment • Assess ferry service and terminal's potential to induce development The City, in coordination with the Port of Redwood City (Port), is in the process of releasing a Request for Proposals to conduct the Study and Analysis. Once the agreement between the City and the TA executed, the City Council will consider awarding a contract to a consultant team to conduct the Study and Analysis. Since the City serves as the Measure A funding project sponsor, the City will act as the leading agency in authorizing and managing the consultant contract for the Study and Analysis. However, City staff will work closely with Port staff when reviewing the consultant proposals, prior to making a recommendation to the City Council. Upon study completion, it will be presented to the City Council and the Port Commission for their direction on next steps. Assuming a favorable review, staff would develop a 10 - year business plan. Should City Council and the Port Commission direct staff to pursue