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Start-up Toll Authorities Lessons Learned

Start-up Toll Authorities Lessons Learned. Presented by Richard L. Ridings, P.E., R.P.L.S. Perspective. Experiences in 28 states. 90 years of service to the toll industry. Focus on Different Agencies and States. Maine Turnpike; Start-up in 1946 North Carolina Turnpike Authority

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Start-up Toll Authorities Lessons Learned

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  1. Start-up Toll AuthoritiesLessons Learned Presented by Richard L. Ridings, P.E., R.P.L.S.

  2. Perspective Experiences in 28 states 90 years of service to the toll industry

  3. Focus on Different Agencies and States • Maine Turnpike; Start-up in 1946 • North Carolina Turnpike Authority • North Texas Turnpike Authority • Central Texas RMA • Alamo RMA • Cameron County RMA • HCTRA • Trans Texas Corridor/TTA

  4. Start Up Agency Challenges • State or local authorizing legislation • Governing boards • Types of facilities • Size of systems • Number of facilities • Management philosophies • Bond histories/new agency • System growth rates • Project delivery approaches • Political settings But…

  5. 64% 36% Available It is ALL About the MONEY Highway Funding for Texas Unfunded needs Roadway funding met through traditional methods

  6. For Start Up Agencies Tolls Don’t Pay for Everything

  7. TIFIA Tolls State DOT Local

  8. TIFIA State DOT Tolls Local

  9. TIFIA Tolls Local State DOT

  10. TIFIA Tolls State DOT Local

  11. Building the Road is the EASY Part

  12. The Real Trick is theFinancing

  13. New Way of Government Thinking

  14. Develop Strategic Plan Agree on the VISION Agree on the MISSION Agree on the PURPOSE

  15. Constant Public Information

  16. Let the Public Know TollsInitially Won’t Pay for it All

  17. Foster Informed Consent Public understands the Vision, Mission and Purpose… … and will accept what you are doing

  18. Public Acceptance is DifferentFor Every Agency

  19. 64% 36% Available Assets = Liabilities Highway Funding for Texas Unfunded needs Roadway funding met through traditional methods

  20. Balance the Checkbook

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