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AgdaPkt 2021.01.11 Amended Joint SA PFA
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AgdaPkt 2021.01.11 Amended Joint SA PFA
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Last modified
1/13/2021 8:57:42 AM
Creation date
1/11/2021 11:30:01 AM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
1/11/2021
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1/11/2021 11:31 AM
Modified:
1/11/2021 11:31 AM
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8.B. - Page 4 of 25 <br />Outreach <br />The Project Team conducted two outreach phases: <br />1. Phase I (August — September 2019): Informed the public about the project and the Study process <br />via pop-up booths at various public events and used a questionnaire to ask the public if they would <br />use a ferry, and if so, how often they would use it. <br />2. Phase II (April -May 2020): Virtual stakeholder outreach to employers and current waterway -users <br />to receive their feedback on the potential project and to answer questions. <br />Ferry User Demand <br />Estimating service demand for ferries consisted of developing service scenarios and modeling ridership. <br />The ridership model serves as the basis for the financial feasibility evaluation and benefit -cost analysis. <br />Developing service scenarios required the Project Team to identify a likely schedule and level of service <br />(trip frequency). Developed service scenarios are as follows and Table 1 presents the associated ridership <br />estimates: <br />• San Francisco -Redwood City service with four trips in the morning and four in the afternoon. <br />• Oakland -Redwood City service with three morning trips and three afternoon trips. <br />Table 1. Ridership Estimates for the Service Scenarios <br />Source: CDM Smith <br />Note: Commuter ridership only for Scenario 1, both commuter and non -commuter ridership for Scenario 2. <br />Terminal Facility <br />The Project Team determined that the ideal location for the ferry terminal is at the end of Seaport <br />Boulevard, on the western side along Westpoint Slough and would most likely consist of one float. The <br />total estimated cost of the terminal, including a parking lot, is $16.3M (2022 dollars). <br />Financial Feasibility <br />The Project Team developed costs utilizing the terminal estimates above and data from WETA's existing <br />operating and capital budget. The Project Team estimated revenues using the ridership forecast, with <br />WETA recommending fares. CDM Smith used this information to identify the funding needed from private <br />or public sources (see Table 2). <br />Page 4 of 8 <br />.JL . <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />208 <br />
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