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The performance measures in Policy 2 provide the flexibility to compare first -stage segments of a <br />proposed light rail transit system with extensions of other corridors. Possible stages should be developed <br />within each corridor so that the regional light rail transit system can be developed to make the most <br />efficient use of resources. <br />The $4.00 per passenger performance evaluation measure represents a maximum threshold under which a <br />corridor should be considered for additional light rail transit study. Its basis is a $2.45 operating subsidy <br />adopted by the Regional Transit Board and Metropolitan Transit Commission in 1986. Regional transit <br />routes that can not meet this subsidy are not considered viable. Because the $2.45 represents a 1986 <br />operating subsidy threshold and not total costs, incremental amounts were added to account for average <br />fare ($0.60), bus capital costs ($0.25 per trip), inflation ($0.34 per trip) and a margin for the uncertainty <br />of forecast estimates (an additional 10 percent, or $0.36 cents per trip). <br />The 10 percent allowance for uncertainty of estimates is included to acknowledge that the sketch <br />planning level of analysis used for county regional railroad plans to date, as well as the Council's Long - <br />Range Transit Analysis, is inherently imprecise. A corridor that is within the $4.00 threshold is afforded <br />an opportunity for more detailed study to see if capital and operating cost and ridership characteristics <br />can be refined to achieve a more cost effective LRT corridor. The $4.00 per passenger threshold should <br />not be interpreted as the point between "good" and "bad" LRT corridors, but as the point where <br />marginal corridors clearly no longer warrant study for implementation by the year 2010. LRT should be <br />implemented first where it will be most cost-effective, which is corridors where it achieves substanttially <br />less than $4.00 per passenger performance. <br />Ridership Implications <br />If effective light rail alignments on the six corridors currently in the plan are selected, overall ridership <br />on the regular -route transit system could be increased by as much as 10 percent, with nearly half of the <br />system ridership using light rail for at least a portion of the passenger's trip. However, if ineffective <br />alignments are selected, then there could be little or no additional transit ridership. It is estimated that, <br />with light rail in the six corridors listed above, the regular -route transit system in the region would carry <br />up to 94 million passengers per year by the year 2010. As many as six million additional riders could be <br />added if all other corridors proposed by county regional railroad authorities as of September 1989 are <br />implemented. <br />Effectiveness in ridership means serving existing riders better as well as attracting new riders from their <br />automobiles. Current transit patrons will account for about 70 to 80 percent of the ridership on a light <br />rail transit line. Without this base of existing riders, it would be difficult to attract enough persons from <br />automobiles in a given corridor to support a light rail line. Markets that will be good light rail markets <br />will already be good bus markets. However, a light rail line that draws its ridership only from existing <br />transit ridership on re-routed bus routes will have little impact on highway congestion, regardless of how <br />many riders it carries. <br />Cost Implications <br />One of the important contributions an effective light rail system can make to the region is the ability to <br />increase transit ridership without increasing the subsidy required to provide transit service. <br />Selection of specific alignments, a primary determinant of capital and operating costs, is currently the <br />responsibility of county regional railroad authorities. Since planning is still being conducted for the six <br />corridors, only general estimates of capital and operating costs can be made. Preliminary estimates <br />indicate that a six corridor system that achieves regional objectives and meets the regional performance <br />criteria can be built at a capital cost of approximately $725 million (1988 dollars) between $750 and <br />$850 million (1989 dollars). The capital cost of all corridors proposed by regional railroad authorities as <br />of September 1989 would be approximately $2 billion. <br />The impact of light rail on operating costs of the remainder of the regular -route system will depend on <br />the operating strategy for light rail transit and, more important, the ability of light rail transit to <br />optimize transit service in a corridor. An effective light rail alignment will permit restructuring of bus <br />