R T A T r i a n g l e M o b i l i t y R e p o r t

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1 RTA Tr i a n g l e M o b i l i t y R e p o r t

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3 R T A T r i a n g l e R e g i o n a l M o b i l i t y R e p o r t WELCOME TO A GROWING COMMUNITY THAT WILL GROW ON YOU. The Triangle region remains one of the most desirable regions in the nation for business, careers, and quality of life. This report serves as the regional business community s annual compilation of the state of surface and air transportation in the Triangle. #1 (TIE) BEST PLACE IN AMERICA FOR MILLENNIALS (DURHAM) GROWELLA APRIL 2018 #2 BEST PLACE FOR BUSINESS AND CAREERS (RALEIGH) FORBES OCTOBER 2018 #2 BEST BIG CITY TO LIVE IN AMERICA (RALEIGH) MONEY MAGAZINE SEPTEMBER 2018 #3 TOP MARKET FOR REAL ESTATE INVESTORS IN 2019 (RALEIGH/DURHAM) PWC US DECEMBER 2018 #5 BEST PLACE TO LIVE IN AMERICA (CARY) #1 MONEY MAGAZINE DECEMBER 2018 CITY IN AMERICA TO DRIVE IN (RALEIGH) WALLETHUB JULY

4 WE HAVEN T SAT STILL, BECAUSE WE DON T WANT TO SIT STILL. Our high-growth region has been prioritizing investment in key transportation corridors and far-reaching policies for several years. For example, we have added more than 50 miles of new freeway corridors since MILES OF NEW FREEWAY SINCE

5 R T A T r i a n g l e R e g i o n a l M o b i l i t y R e p o r t SELECTED FREEWAY IMPROVEMENTS SINCE 2000 Opening of I-540 beltway in North Raleigh I-40 widening between Cary and Raleigh Widening and modernizing I-85 in Durham Opening of NC 147/540 Triangle Expressway toll system US 64 east freeway completion and I-87 designation 70+ MILES OF 70 MPH SPEED LIMITS ADDED SINCE Current Regional Road Network ""86 40 Chapel Hill "" 147 Durham ""54 "" RTP RDU "" 540 Cary Raleigh "" Facility Type Freeways 40 Other Highways 95 5

6 GROWING UP, WITHOUT GROWING CONGESTION. The majority of our peer markets with information technology, life sciences, advanced manufacturing or clean tech economic clusters have higher traffic congestion and delay levels. Minutes per Person Daily Time Spent in Conges on During Peak Periods AREA DRIVERS AVERAGE LESS THAN 5 MINUTES IN PEAK 0 CONGESTION EACH DAY. Source data: INRIX, 2017 THE TRIANGLE HAS LOWER CONGESTION AT ALL TIMES OF DAY COMPARED WITH MOST PEER MARKETS. % Percentage of Peak Hours Spent in Conges on Source data: INRIX, 2017 To/From Region Within Region 6

7 R T A T r i a n g l e R e g i o n a l M o b i l i t y R e p o r t SOMETIMES A LITTLE SLOWER IS A LOT FASTER. North Carolina s first on-ramp signals have been improving flow along I-540 in Raleigh for more than a year. Preliminary analysis shows the peak period has been reduced by more than 20 minutes. More on-ramp signals are coming to area freeways in the years ahead. EXISTING ON-RAMP SIGNALS I-540 ON-RAMP SIGNALS HAVE REDUCED PEAK PERIODS BY 20 MINUTES. 7

8 OUR REGION IS SHOWING NO SIGNS OF SLOWING DOWN. Thanks to upcoming freeway investments and dispersed travel patterns, we expect peak travel times to largely remain stable through Potential Travel Area from Downtown Raleigh, 2010 MAPS SHOW HOW FAR YOU CAN TRAVEL WITHIN: 10 MINUTES 20 MINUTES 30 MINUTES Potential Travel Area from Downtown Raleigh, 2030 DESPITE OUR GROWTH RATE, WE EXPECT LARGELY STABLE TRAVEL TIMES THROUGH

9 R T A T r i a n g l e R e g i o n a l M o b i l i t y R e p o r t KEY UPCOMING PROJECTS l Acceleration of 540 turnpike to I-40 l Conversion of US 1 north to freeway l C onversion of US 70 to freeway west of I-540 THE CONTRACT FOR THE NEXT SECTION OF THE 540 TURNPIKE WAS SIGNED IN DECEMBER Regional Road Network RTP 9

10 AMERICA S NEWEST GREAT TRANSIT SYSTEM IS ON THE WAY. Wake, Durham, and Orange counties are investing more than $2 billion in local funding by 2030 in new transit corridors, routes, and service including more than 40 miles of rapid transit and more than 35 miles of regional commuter rail. $2 BILLION IN NEW LOCAL FUNDS DEDICATED TO NEW TRANSIT SERVICE OVER THE NEXT 10 YEARS. Local Revenues for Expanded Transit $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $ Wake County Durham County Orange County NOTE: Durham and Orange counties began collecting local sales tax in 2013; Wake County began in 2017 Sources: Wake County, GoTriangle 10

11 R T A T r i a n g l e R e g i o n a l M o b i l i t y R e p o r t Annual Revenue Hours per Capita Exis ng 2.7 Commi ed Triangle Region Peer Transit Abundance BY 2030, WE WILL HAVE TRANSIT SERVICE HOURS EQUAL TO OR GREATER THAN MANY LARGER PEER REGIONS. Sources: National Transit Database, Recommended Wake County Transit Plan Triangle Area Transit Infrastructure, "" Chapel Hill Durham "" "" 54 "" RTP RDU "" 540 Raleigh Cary 87 Committed Transit Infrastructure Legend Bus Rapid Transit Light Rail Commuter Rail Garner 40 11

12 MORE SERVICE FOR MORE JOBS AND MORE PEOPLE. Our region is adding 70 miles of frequent transit service every 15 minutes of better, for 13 hours every weekday by Raleigh already has more than 25 miles of frequent service today, which is a more than 50% increase just since the 2016 referendum. GORALEIGH WILL CONVERT 75% OF ITS FLEET TO COMPRESSED NATURAL GAS BY MULTIPLE AGENCIES ARE ADDING ELECTRIC BUSES OVER THE NEXT FEW YEARS. Wake County Popula on and Jobs Within 3/4 Mile of Frequent Service Jobs 20% 43% Proposed Frequent Network Exis ng Frequent Network Popula on 9% 21% 0% 10% 20% 30% 40% 50% 60% 70% 80% 12

13 R T A T r i a n g l e R e g i o n a l M o b i l i t y R e p o r t GREEN IS THE COLOR OF MOBILITY. Our region now has a number of bicycle and scooter share companies and more will come on line in In addition, we have hundreds of miles of greenway for commuting and recreation. BICYCLE AND SCOOTER SHARE ARE DISRUPTING OUR THINKING ABOUT MOBILITY OPTIONS. 13

14 R E G I O N A L T R A I N S A R E C O M I N G A N D S O M E A R E A L R E A DY H E R E. Intercity passenger rail uses the privately owned NC R a i l r o a d C o m p a n y c o r r i d o r t o d a y, s e r v i n g R a l e i g h, C a r y, a n d D u r h a m a n d p o i n t s w e s t t o C h a r l o t t e. S e v e r a l t r a i n s a l r e a d y c o n n e c t t h e r e g i o n e a c h d a y. CURRENT WESTBOUND INTERCITY RAIL SCHEDULE 14 Train Raleigh 6:30a 10:00a 3:00p 5:16p 9:01p Cary 6:42a 10:12a 3:12p 5:29p 9:23p Durham 7:02a 10:32a 3:32p 5:55p --- T H E P R I V AT E LYOWNED NORTH CAROLINA RAILROAD CORRIDOR IS A 300+ MILE COMPETITIVE A D VA N T A G E FOR OUR REGION A N D S TAT E.

15 R T A T r i a n g l e R e g i o n a l M o b i l i t y R e p o r t YOU CAN GET THERE FROM HERE. We became the first non-hub region with two daily nonstop transatlantic flights in 2016, with Delta service to Paris complementing American service to London. In 2017 Raleigh-Durham International (RDU) was named the most connected mid-sized airport in the U.S. RDU has a healthy mix of carriers that helps keep airfares competitive today, with 11 air carriers serving more than 65 nonstop destinations. RDU INTERNATIONAL IS THE MOST CONNECTED MID-SIZED AIRPORT IN THE U.S. Non-Stop Destinations from RDU Expanded Northeast Airports Seattle Portland San Francisco San Jose Las Vegas Salt Lake City Denver Kansas City Minneapolis St. Paul Milwaukee Chicago (O Hare) Chicago Midway St. Louis Indianapolis Detroit Cleveland Columbus Cincinnati Buffalo Pittsburgh Buffalo Cleveland Pittsburgh Syracuse Albany Newark Hartford Trenton Islip Philadelphia New York (LGA) New York (JFK) Baltimore-Washington Trenton Washington (Reagan) Philadelphia Washington (Dulles) Boston Providence Legend Los Angeles Non-stop Destinations San Diego Phoenix New Non-stop Destinations Added in Last 6 Years Additional Service Added in Last 6 Years Dallas (Ft. Worth) Austin San Antonio Dallas (Love) Houston (Bush) Houston (Hobby) Nashville Birmingham Atlanta New Orleans Destin St. Pete Tampa Punta Gorda Fort Meyers Charlotte RDU Jacksonville Orlando (Sanford) Orlando (International) West Palm Beach Ft. Lauderdale Miami Paris London Toronto Cancun Montreal Montego Bay San Juan 15

16 TAKING OUR REGION TO NEW HEIGHTS WITHOUT THE HIGH COSTS. Raleigh-Durham International (RDU) has a healthy mix of carriers that keeps airfares competitive today. In addition, RDU has a strong Vision 2040 business plan to replace and lengthen our primary runway to 11,500 feet to provide increased safety and operational flexibility. RDU will also expand the number of terminal gates, enhance parking offerings, and create a new, more convenient car rental facility. FOUR AIR CARRIERS HAVE AT LEAST 10% MARKET SHARE AT RDU, BUT NO CARRIER HAS 33% OR MORE. Diversified Mix of Air Carriers at RDU Airport AIR CANADA ALLEGIANT ALASKA JETBLUE DELTA 30% FRONTIER 4% 7% UNITED 13% AMERICAN 23% SOUTHWEST 19% 16

17 R T A T r i a n g l e R e g i o n a l M o b i l i t y R e p o r t Sustained Steady Growth at RDU 7,000,000 6,500,000 6,000,000 5,500,000 5,000,000 4,500,000 4,000, Annual Enplanements NEARLY 13 MILLION ANNUAL PASSENGERS AT RDU. 17

18 BRINGING IT ALL TOGETHER. The Triangle area has benefited tremendously from the sustained, cooperative approach of our market s elected leaders, transportation officials, and private sector. The Regional Transportation Alliance (RTA) the voice of the regional business community on transportation has been a powerful, collaborative partner for more than 15 years. Companies invest between $500 and $20,000 annually in the RTA to ensure the continued strengthening of our region s mobility assets as we grow. Revised: January 24,

19 R T A T r i a n g l e R e g i o n a l M o b i l i t y R e p o r t 19 19

20 20 Regional Transportation Alliance The voice of the regional business community on transportation