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Executive Summary • DRAFT Ferry Financial Feasibility Study & Cost -Benefit and Economic Impact Anal <br />destination, and they responded positively to using the potential ferry for both commuting and <br />"Recreation and Leisure" purposes. <br />The second phase of outreach involved workshops with major Redwood City area employers and the <br />Redwood City Chamber of Commerce. Employer responses revealed a heavier preference towards <br />OAK as the origin location rather than SF, due to the potential to reach employees (existing and new) <br />that currently reside outside of range of easily accessible transit service to the mid -Peninsula. While <br />recreational users of the Port facilities indicated some ferry frequency/water wake concerns, most <br />water users supported the concept. Some concerns were raised about potential traffic impacts on <br />Seaport Boulevard. <br />E.2.3 Ferry User Demand <br />Section 4 prioritizes routes for the Redwood City ferry service market, develops draft service <br />schedules, and presents the results of a Travel Demand Model (TDM) analysis which estimated <br />ridership for a base year of 2019 and for the year 2040. <br />Primary Markets — Comparative travel times, labor markets, and existing ferry facilities were <br />evaluated. The primary markets for Redwood City ferry service are links to mid -Peninsula employment <br />centers from OAK (Jack London Square) and SF (Ferry Building). The mid -Peninsula is currently served <br />by an array of public and private transportation services, mainly connecting to SF and the South Bay. <br />■ Public Transportation — links include Caltrain <br />Figure E-3: Service Scenarios —SF/RWC and <br />and SamTrans, while "Tech Buses" serve as <br />OAKIR WC <br />private transportation for major employers in <br />the area. Direct public transit links from the East <br />Bay are limited, leaving these workers few <br />options. <br />0. <br />San Francisco <br />Oakland <br />�'� <br />■ Private Transportation —Tech buses serve the <br />,......p <br />East Bay market, but experience, and contribute <br />to, the same congestion as private automobiles, <br />�. <br />even while utilizing the available HOV and <br />'.'. <br />express lanes. It is likely that many more <br />workers could live in the East Bay and commute°;•• <br />to mid -Peninsula employment centers, including <br />`,•• <br />those in Redwood City, if high-quality public <br />transportation options were provided. <br />`.'. <br />Ridership Forecasts — Based on the identified ridership <br />market areas, the proposed ferry service schedule, and <br />the service characteristics of ferry operations, the <br />��•• <br />following forecasts were developed: <br />'aq•• <br />■ OAK to/from RWC— forecast to attract around <br />d <br />850 daily boardings today with 89 percent in the <br />o. <br />Redwood[Ity CY <br />peak commute direction from OAK to RWC. <br />Boardings would increase to 1,870 in 2040. If <br />ridership were to be split evenly between the Source: CDM Smith, 2020 <br />three boat trips, there should be enough <br />capacity on the 320 -passenger vessels through 2040. However, based on their experience, <br />E-4 Smith <br />