Issue link: http://townofcary.uberflip.com/i/791958
The recommenda ons in this plan are an update of the 2008 Comprehensive Transporta on Plan and based on input from Cary residents, Cary Town Council, and Cary staff. The Planned Roadway Widths Map shows the loca ons different corridor profiles will be implemented. The colors on the map correspond to the color bands on the le side of each corridor profile typical sec on image. Travel Behavior Assumptions Planned Roadway Widths Map Underpinning the TRM are a number of assump ons on travel behavior, demographics, growth, and personal preferences. These assump ons are based on detailed survey data and travel diaries of individuals in the Triangle. The surveys include informa on on mode of travel, trips, me of trips, origins and des na ons, preferences, and other travel behavior characteris cs. The TRM uses this informa on, demographic data, and na onal experience with travel behavior to simulate transporta on condi ons, through a four- step process. First, the number of trips is es mated according to land uses to generate the level of trip origins and des na ons at each loca on. Second, trips are distributed by pairing up origins and distribu ons throughout the model region. Third, modes are assigned based on demographic, income, and travel behavior and preference assump ons. Finally, routes are assigned to link each trip between its origin and des na on. This process is performed for all es mated trips in a region to generate a simula on of transporta on condi ons in the region. For the modeling work for this process, no changes were made to the regional travel behavior assump ons contained in the TRM. The model is rigorously built on robust data to create a complex, but methodologically sound, set of trip assump ons and pa erns throughout the region. The TRM assumes that trip and travel behavior in the model's base year (2010) is the same as trip and travel behavior in the model's future year (2040). Therefore, the number of trips, mode preferences, and the algorithms that determine route selec on are assumed to be the same in 2040 as 2010. The 2040 Metropolitan Transporta on Plan includes a set of fiscally-constrained projects planned to be implemented by the year 2040. Fiscally-constrained means that the projects fit within a budget of revenues that are reasonably expected to be available throughout the me line of the plan. This includes revenues from mul ple sources - federal formula funds, state matching funds, user fees, transporta on taxes, local matching funds, and private transporta on revenues. Some projects included in the MTP are already a ached to specific funding that has been allocated by federal, state, and local agencies and municipali es. These projects are included in a short-range Metropolitan Transporta on Improvement Program, which covers projects out to 2020. For the modeling work on this project, the financial assump ons that underpin the regional projects were assumed to be valid. The model for Cary does include some transporta on projects within Cary that are not part of the region's 2040 MTP. This planning effort is an update to the Town's Comprehensive Transporta on Plan, which is not required to be fiscally-constrained, meaning projects are not expected to fit within a projected budget of costs and revenues. The projects envisioned in this plan which are not part of the regional MTP might be funded through bonds or other sources. Projects that are in the MTP can compete for funds through North Carolina's compe ve program, Priori za on, outlined in the Strategic Transporta on Investments (STI) law and may be eligible to compete for funds through the Capital Area MPO's Locally Administered Projects Program (LAPP). STI aims to efficiently fund infrastructure improvements while suppor ng economic growth, job crea on, and higher quality of life. STI also established the Strategic Mobility Formula which is a quan ta ve ranking of projects to determine funding. The Strategic Mobility Formula uses project costs, benefits, economic impacts, and job impacts, along with local input, to determine which projects receive funding. In general, street projects are eligible to receive 80 percent federal funding with a 20 percent local match; however there are funding programs that have different funding alloca ons. Some local streets and intersec on improvements may be built by developers as part of a development agreement. Funding decisions are coordinated with neighboring municipali es, regional decision makers, statewide agencies, and federal agencies. Financial Assumptions STREETS ELEMENT 229