Louisville Loop Master Plan loopmasterplan_draft_041813sm_0 | Page 61

years 2013 and 2014. This was the first reauthorization of the transportation bill since 2005. Since the last bill (SAFETEA-LU), several significant changes have occurred that typically fund alternative mode options such as bicycles and pedestri- ans. Several different mechanisms deemed “non-essential” were removed from the bill to bring its overall costs down. These “non-essential” elements included many of the transportation enhancement provisions of the earlier bills that supported bicycle and pedestrian projects like the Louisville Loop. Many of the critical mecha- nisms such as Congestion Mitigation and Air Quality (CMAQ), Recreational Trails Program (RTP), and Surface Transportation Program (STP) remain but funded at lower or equal levels (but construction costs are increasing) than previous years. sharing mechanisms applied by other trail systems nationally. The new Surface Transportation Program (STP) will receive about $780 million for Transportation Alternatives Program (TAP) projects across the country, which is believed to be about a 26% reduction from the current $1.2 billion spent on Enhancements and similar programs. The new TAP provides for a variety of alter- native transportation projects that were previously eligible activities under sepa- rately funded programs. Programs such as Safe Routes to School, Transportation Enhancements, and Recreation Trails are now encompassed under the new TAP. The following list provides examples of the multitude of Federal, State, and Local Government options in addition to the private sector. These sources would need to be examined further to determine their applicability and feasibility to the Louisville Loop. Many model trail and greenway systems around the country have combined these types of mechanisms to all facets of their implementation. It will be impera- tive in the early years following the adoption of this master plan to pursue a funding strategy that fits the Louisville region’s context. Under the Act, states will sub-allocate 50% of their TAP funds to Metropolitan Planning Organizations (MPOs) and communities for local project grants. States may use the remaining 50% for TAP projects or could spend these dollars on other transportation priorities such as air quality improvement projects. Several of these programs can benefit shared-use path projects, but will create more competition for funding with other eligible transportation projects. In addition to the TAP funds, other categories and programs within MAP-21 where shared-use paths in Louisville would be eligible include Congestion Mitigation and Air Quality (CMAQ), the Rec- reational Trails Program (RTP), National Highway Performance Program (NHPP), Highway Safety Improvement Program (HSIP) and Surface Transportation Program (STP). Potential Funding Sources Federal government • Federal Surface Transportation Funds (MAP-21 programs) • Community Development Block Grants (CDBG) State Government • Recreation, transportation, conservation, water quality programs Local Government • Taxes • Bond referendums • Capital improvement programs Private Sector • Land trusts • Foundations • Local businesses • Individual sponsors • Volunteer work • “Buy-a-Foot” Programs Cost estimates for the various Loop segments have been prepared in previous master plans. These master plans outline per linear mile costs associated with securing the right-of-way, construction of the asphalt path, bridges, rail and road crossings, and the construction of enhancements placed as generally indicated in the Louisville Loop Design Guidelines manual. These costs will vary depending on the complexity of each segment, however, they are based on experience of similar projects in Louisville and beyond. Understanding these estimates in each plan will assist in calculated future funding needs and prioritizing the phasing of implementa- tion of the Loop. It will also assist in leveraging private money and other cost- The programs described above pertain to the funds available for designing and constructing the Loop. It will also be critical to seek funding sources to sustain the operation and management functions of the facility. Successful systems around the country have applied a multitude of mechanisms to assure adequate funds for this focus. Guidance for best practices to operating and maintaining a world-class system is provided in subsequent sections of this chapter. The cost allocations identified in a m anagement plan will assist in determining the level of financial sup- port needed. OUTREACH AND EDUCATION One of the goals of the Louisville Loop is to build community engagement by creat- ing and nurturing a widespread belief in the community that the Loop is an essential Lousville Loop Master Plan 61