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Executive Summary • DRAFT Ferry Financial Feasibility Study & Cost -Benefit and Economic Impact Ana <br />Next Steps — Ferry service timeline, Figure E-6, outlines steps needed to implement ferry service in <br />Redwood City in 2024. It is noted that waterside improvements can only happen during an annual <br />construction window between June 15t and November 30th, so it is possible that the project could be <br />delayed due to construction timing or other unanticipated challenges. <br />Business Plan Development— Given the project's financial feasibility, the SMCTA requires the <br />City and Port of Redwood City to develop a Business Plan to identify how riders will be attracted <br />to the new service, and how the service will be funded and operated. When the Business Plan is <br />accepted by the SMCTA, the project will likely advance into Environmental and Preliminary <br />Design, and subsequent permitting activities. The costs for these activities are eligible for <br />SMCTA funding. The existing Memorandum of Understanding (MOU) between the City and <br />WETA which covers the Feasibility and Business Plan phase of the ferry project will need to be <br />amended as needed for future phases of work. <br />Figure E-6: Timeline to Launch <br />Fetd Business 111 <br />11 <br />h <br />,Feasibility sk. <br />�etH <br />Ferry Service in Redwood CityAn approved Business Plan is <br />needs to be deemed 2021 needed to receive additional <br />2020 "Feasible" in order to move Measure A funding from <br />forward to the next step. SMCTA <br />2020 <br />Source: CDM Smith, 2020 <br />`o"'0Otal Doco,,7 <br />We <br />2022 <br />haunch <br />�p%to invest <br />Q <br />Construction of the WE <br />and Landside Element <br />the FerryTerminal, Ve; <br />Acquisition. <br />Environmental Impact Report, <br />Preliminary Design and <br />Permitting <br />E-14 Smith <br />