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8.13. - Page 62 of 70 <br />Redwood City Broadway Streetcar/Urban Circulator Study <br />Summary Report <br />Implementation Considerations <br />Funding Assessment <br />There are a number of options for funding the <br />streetcar/urban circulator project. Most successful <br />streetcar/circulator projects involve a combination of public <br />and private sources. Federal and state sources have large <br />amounts of money available for new transit infrastructure, <br />but competition for existing federal and state funding is <br />intense and being able to show a strong local match of <br />private and local funding is essential. To secure local funding <br />from the SMCTA and/or MTC, the City will need to work hard <br />to gain support for the project at the technical and political <br />levels. <br />Phasing the project, such as starting with a bus based urban <br />circulator to build up transit ridership, and then leveraging <br />the success of the initial system to develop support for a <br />more capital -intensive streetcar project, is a viable approach <br />to gaining the interest of the funding agencies. <br />Funding for ongoing operations and maintenance can be the <br />most challenging, as existing transit operators (Caltrain and <br />SamTrans) currently struggle to fund their programs. A <br />business improvement district, such as the Redwood City <br />Improvement Association (RCIA), can be an effective way of <br />securing private funding for both capital costs and <br />operations. A levy collected by a Transportation Management <br />Association (TMA), which is a partnership of employers and <br />businesses, is also another approach. <br />The most promising funding sources are listed below by <br />source. <br />Public - Federal <br />■ FTA Small Starts <br />■ FHWA Funds <br />■ USDOT - TIGER Grants <br />■ USDOT - Urban Circulator Grants <br />Public - State <br />■ Transit and Intercity Rail Capital Program (TIRCP) <br />■ Road Repair and Accountability Act of 2017 (S13 1) <br />■ Transit Development Act (TDA)* <br />Local <br />■ San Mateo County Measures A and W* <br />■ Regional Measure 3* <br />■ City Sales Tax or Tax Assessments* <br />■ Benefit Assessment District* <br />■ Enhanced Infrastructure Finance Districts (EIFD)* <br />■ Special Transit Impact Fee Zone* <br />Private <br />Redwood City Improvement Association (RCIA)* <br />Transportation Management Association Member <br />Levy* <br />■ Direct Contributions* <br />Smith <br />605 <br />