Presentation to the Southern Nevada Tourism and Transportation Task Force. Phil Brown, AAE

Transcription

1 Presentation to the Southern Nevada Tourism and Transportation Task Force Phil Brown, AAE Executive Director, Greater Orlando Aviation Authority January 28, 2016

2 In the Beginning

3

4 Orlando Metropolitan Profile: 4 County Area: Orange, Osceola, Seminole, Lake Population: 2.3 Million Area: 4,011 Sq. Miles Annual Visitors: 62 Million (2014)

5 Orlando International By the Numbers 37.8 million passengers FY15 104,000 passengers daily (2015) Number of airlines 39 total including 5 cargo 95% origin and destination traffic 18,000 employees 77 retail 48 food outlets

6 Orlando International By the Numbers 2 nd busiest airport in Florida 76 non-stop U.S. destinations most in FL 50 international destinations 837 aircraft operations/day Largest airport Rental Car market 4 th largest land mass in U.S. $31 Billion in annual direct + indirect revenue Passenger traffic 14 th in the nation 43 rd in the world

7

8 Since the 1980 s rail access to Orlando International Airport (MCO) has been incorporated to the airport plan.

9 Four modes of passenger rail can be accommodated Inter-city Light Rail Commuter Automated People Mover (APM)

10 Capital Funding Of the 4 modes only the APM is eligible for funding from airport revenues provided that air passengers are being served by the APM To the extent that other modes of rail do not serve air passengers then other funding sources must be utilized: Government grants or loans Capitalized fare box revenue (i.e. bonds secured by fare revenue) Private investment Development revenues Assessment on benefitting properties

11 Operation and Maintenance (O&M) Funding Typically funding for O& M has been from user charges Historically the fare box has not been sufficient to fund O&M expenses

12 The Orlando Rail Experience High Speed Rail 2010 Federally funded link between MCO and the City of Tampa MCO developed Intermodal Transportation Facility (ITF) to serve as hub for High Speed Rail Terminated by the State of Florida

13 The Orlando Rail Experience Inter-city link between MCO and Miami Funded by private equity funds Combination of equity investment and debt using Private Activity Bonds (PABs) secured by corporate revenues PAB s are unrated and have not been issued Require state allocation of bond authorization Revenues from real estate development adjacent to rail stations is expected to be a significant source of funds

14 The Orlando Rail Experience Commuter Rail State Legislature authorized the Central Florida Commuter Rail (Sun Rail) in 2010 Capital Funding: Federal & State funds O&M: State Department of Transportation for first 7 years; local governments thereafter Airport connection approved in 2015 Funding plan has not been finalized

15 The Orlando Rail Experience Light Rail Florida EMMI, Inc Originally proposed as a magnetic levitation (MagLev) system Current Proposal is for Light Rail Transit (fixed guideway) Capital Funding: private funding from investor/operator Globalvia, S.A. O&M funding: system fare box 14-mile alignment from MCO to Orange county Convention Center Negotiations pending

16 The Orlando Rail Experience Automated People Mover (APM) Capital Funding: Passenger Facility Charges (PFC s) Capital Costs: $181 Million O&M: Airport Revenues Alignment: 1.5 miles connecting MCO s North Terminal Complex (NTC) to the South APM Complex

17 The Orlando Rail Experience Intermodal Terminal Facility Complex Funding Structure Passenger Facility Charges (PFCs) State Grants Airport Revenues Private Investment

18 MCO has been the focus of various rail initiatives because of a number of factors Planes, TRAINS & Automobiles Planning and growing to accommodate rail alignments Growing Economy Increasing Air Traffic: 38.3 million annual passengers (November 2015) Growing Visitor Population

19 Questions?