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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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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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Executive Summary <br />E.1 Introduction <br />This Study assesses the feasibility of <br />establishing public ferry service in Redwood <br />City (RWC). This Study was funded by the <br />San Mateo County Transportation Authority <br />(SMCTA) and led by the City of Redwood City <br />and the Port of Redwood City (collectively <br />the City and the Port shall be referred to as <br />Redwood City) with technical assistance <br />from the San Francisco Bay Water <br />Emergency Transportation Authority <br />(WETA). The multi-year effort was <br />conducted by a consultant team lead by <br />CDM Smith, with outreach lead by <br />PlaceWorks, conceptual terminal <br />Source: City of Redwood City, 2020 <br />engineering performed by COWI, and the financial feasibility/economic impacts analyses prepared by <br />Economic & Planning Systems Inc. (EPS). This Study provides a pivotal step before ferry service can be <br />established in Redwood City. <br />Ferry feasibility was evaluated from five interconnected perspectives, as shown in Figure E-1. Each of <br />these five perspectives or questions (Consistency, Operations, Economics, Financial and Engineering) <br />was a focus of the efforts during the Study. The process that was used first addressed the engineering <br />requirements and options. Then operations planning and ridership forecasting were conducted. This <br />work was a key input into the assessment of the economics and financial performance of the project <br />alternatives. Consistency of the project with Redwood City and WETA plans and policies was another <br />factor that was considered. <br />Figure E-1: The Five Feasibility Questions <br />Consistency <br />Is it consistent <br />with RWC and <br />WETA Plans? <br />Economics <br />Are there user <br />(societal) <br />heneflts? <br />Operations <br />Can it <br />accommodate <br />demand? <br />Ferry <br />Feasibility <br />Financial <br />Engineering <br />Does it work <br />with Farebox Can it be <br />revenues and built? <br />fundmg? <br />Source: CDM Smith, 2020 <br />Smith <br />E-1 <br />
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