Strategic Financial Studies
- Innovative Revenue Techniques (2009)
This report examines innovative development and funding tools to help achieve MDT and Miami-Dade County’s transportation capital planning objectives and strengthen itsoperating cash flows. It includes discussion of funding sources and financing mechanisms; specific case studies of other transit agencies’ experiences using innovative finance or public-private partnerships; and application of a selection filters approach to several MDT capital projects.
- Revenue Enhancement Opportunities, Phase 1 (2010)
This report is to identify and analyze operating revenue enhancement opportunities for Miami-Dade Transit (MDT), to contribute to the discussion on how to close projected funding gap identified in the Transit Pro-Forma – a financial document on the long term expenses and revenues projected to be available to MDT and has been presented publicly on a number of occasions. This initial effort is designed to survey the full range of revenue enhancement opportunities utilized locally, nationally and internationally, without filtering.
- Revenue Enhancement Opportunities, Phase 2 (2011)
This report is the third in a multi-year series of studies designed to help improve the financial outlook of Miami-Dade Transit (MDT). Building upon the Revenue Enhancement Opportunities Phase 1 report of 2010, this Phase 2 develops an implementation plan for the selected potential revenue streams that includes the required steps, responsibilities, cost, and challenges, as well as the likely range of revenue for MDT. This report shows the total potential revenue of the shortlisted revenue programs and how they contribute to fill in MDT’s $36 Million deficit in FY 2014.
- MDT Cost & Efficiency Study Vol.1: Peer Review and Trend Analysis
CITT contracted with CUTR to perform two primary tasks: tocomplete an objective assessment of the relative efficiency of MDT and to document actions, activitiesor policies that have been taken or enacted based on prior work done to assist the agency in creating amore efficient operating environment. This Volume is an operating cost analysis to determine how efficiently MDT was running, throughanassessment of MDT’s efficiency in relationship to peer transit agencies. Each modal review (bus, rail, mover) contained anoverview of general service metrics to establish the context for MDT’s transit operation in comparisonto the peer group as well as a summary of the results of the performance metrics applied to MDT andthe peer groups. Peers were identified from industry and demographic data using a methodology from a 2009 Transit Research Project.
- MDT Cost & Efficiency Study Vol.2: Synthesis of Previous CUTR Reports & Analysis
CITT contracted with CUTR to perform two primary tasks: tocomplete an objective assessment of the relative efficiency of MDT and to document actions, activitiesor policies that have been taken or enacted based on prior work done to assist the agency in creating amore efficient operating environment. This Volume is an operating cost analysis to determine how efficiently MDT was running, through a review of the recommendations made during previous studies and analyses performed for the agency that identified potential improvements.CUTR synthesized and organized findings and recommendations, from 22 previous studies done over 10 yearsand classified in three categories. This report identifies status (adopted recommendations, alternative actions taken in lieu of recommendations) and quantifies results.
- NW 215th Street - Land Use & Planning Study for Highest & Best Use
Miami-Dade County in 2010 acquired approximately 14 vacant acres of land at the southwest corner of NW 27th Avenue and NW 215th Street utilizing Surtax funds. This land was purchased to support enhanced bus service in the short term and potentially rail service in the long term (part of the North Corridor of the PTP). In anticipation of enhanced bus service beginning in 2012, a land planning and urban design study is necessary to determine the highest and best short term and long term uses for the property. CITT utilized the County’s Department of Planning & Zoning (now Department of Regulatory and Economic Resources) for this charrette-type effort and report.
- CITT Recommendations on Revenue Enhancement, 2013
This agenda item highlights the FY 2014 financial funding gap facing Miami-Dade Transit and recommends for consideration a series of possible ideas to bridge the gap. It should be highlighted that these potential revenue opportunities are proffered in order to stimulate discussion and public discourse. There are pros and cons associated with each funding source and the dialogue should fully include the agencies and governmental entities involved. The solution to bridging the funding gap may or may not include these sources and new sources may emerge. It is important to begin the dialogue.In total over 30 funding sources were considered, resulting in 13 of them grouped into three sets of recommendations which are presented here: most promising, potential consideration after further collaboration, and not recommended.
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