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Canada Line City Centre platformA long time ago in a boardroom far far away, the TransLink Mayor’s Council set out a 10-year transit plan. In it was a series of relatively small improvements (Phase 1: the “first round”), in addition to tech planning on the glitzy big-dollar items like Broadway Millennium Line expansion, Patullo Bridge replacement and Surrey-Newton-Guilford light rail.  The Feds promised funding; so did the Provs.  But local Gov’ts were working on new funding sources.

Feds             $ 370M (capital expenditures)
Provs           $ 246M  (capital expenditures
“Regional”  $ 600M (capital expenditures)
.                    $ 800 M (10-year operating costs)

Today, we have a part of the picture, possibly bringing in $20M per year (subject to Provincial enabling legislation and TransLink board approval).
With thanks to Rattan Mall in VoiceOnline.com.

. . .  a new development cost charge (DCC) for transit investment. The charge will be set in a way that it can fund transit expansion without influencing housing prices.
DCCs are a one-time fee that would apply to new development to help fund growth-related infrastructure costs. . . .
TransLink will target the new DCC to raise about $20 million per year. TransLink is proposing setting residential rates between $1,200 and $2,100 per unit of new development. Non-residential rates could be set between $0.50 and $1 per square foot. Final adjustments to the rates will be made in 2018 in consultation with stakeholders.

Phase One Plan   (updated July 27, 2017)
Regional Funding Overview
(*) today’s announcement

  • (*) Introduction of a new region-wide development fee for transit and transportation.
  • Gradual annual increases to transit fares of about 5 to 10 cents on a single fare and $1 to $3 on a monthly pass.
  •  Adjusting property taxes to better reflect the impact of growth and development in the region.
  • Use of TransLink’s existing resources, including through the sale of surplus property  (note the windfall here from the Oakridge Transit Centre sale)

Deliverables Overview

  • Increase conventional bus, HandyDART, SeaBus, SkyTrain, and West Coast Express service – the largest transit service increase since 2009.
  • Upgrade transit stations and exchanges across the region.
  • Expand the length of the Major Road Network for the first time since 1999.
  • Provide municipalities with expanded funding for walking infrastructure, cycling infrastructure, and upgrades and seismic rehabilitation of the Major Road Network.
  • Prepare for future transportation investments, such as the Millennium Line Broadway Extension, South of Fraser Rapid Transit, Pattullo Bridge Replacement, and Upgrades to Existing Rail Infrastructure.