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This overview presents an analysis of the innovative Bus Toll Lane (BTL) concept in Hillsborough County, highlighting its effectiveness compared to traditional lane types and funding challenges. The BTL approach incorporates price-managed lanes to ensure highway speed, prioritizing buses and enabling drivers to opt for tolls. By leveraging transit funding, this strategy not only enhances service reliability but also generates revenue for future mobility projects. With an anticipated capital value of $3.463 billion over 30 years, this concept aims to make transit a competitive choice while improving overall traffic efficiency.
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Price-Managed Lanes Comparison to Other Lane Types
Traditional Funding Challenges Price Managed Lane The Tolling Challenge
Traditional Funding Challenges Price Managed Lane Premium Bus Service The Transit Challenge The Tolling Challenge
A Transit Concept Combining Transit and Toll Finance Elements Bus Toll Lane Concept • Transit Pays to Help Build The New Express Lanes • Price Managed for Service – Keep Highway Speed • Buses Have First Call On Express Lane • Drivers Willing To Pay Toll Use the Express Lane • Helps “Free” Lanes too • Assure Trip Time and Schedule Reliability • Makes Transit a Competitive Choice • Provides Revenue to Grow Future Mobility
Bus Toll Lane Concept - Funding BTL 1 CONCEPT
BTL 1 Concept - Funding BTL 1 CONCEPT
BTL 1 Concept - Funding BTL 1 CONCEPT
Bus Toll Lane 1Use of RevenueValue = $3,463 Million 30 Year Forecast ($268 Million Bonds)