Posts tagged Public/Private Partnership
HRBT, US460 Both Get Private Proposals
Oct 30th
HRBT
The HRBT plan calls for a new, four-lane bridge/tunnel from the Peninsula to Norfolk. The existing lanes would be used for westbound traffic. Additionally, the Monitor-Merrimac Bridge Tunnel and the James River Bridge will also receive upgrades. It would cost $4.5 billion and use tolls as high as $6 each way. These tolls would apparently be applied to the HRBT, the MMBT, and the JRB.
While nobody can argue that an expanded HRBT would ease traffic flow, I also do not think that anybody would argue that tolling all three crossings would not hurt our economy. As described, this project would give the Southside a serious disadvantage over the Peninsula. It would also negatively impact what weak regional drive for mass transit that we have. Alternatively, the “Third Crossing” would most certainly benefit our regional economy, even with tolls. Its multi-modal design would take cars and trucks off the road by allowing freight traffic and transit. The HRBT plan is designed simply to make money for those involved. The “Third Crossing” was designed to improve our regional competitiveness in the global economy. Money would still be made in a public-private partnership, but the impacts would be positive for the region.
US 460
Turning US 460 into an interstate-grade highway is a noble goal… if it were 1960. While it would certainly improved travel time to Richmond and aid in evacuations, it would not serve to increase the region’s competitiveness. The 460 project would make the Western Tidewater communities more appealing to industry and business, but at the expense of Norfolk, Virginia Beach, and Chesapeake. The new highway would only serve to expand the sprawl of Richmond towards Hampton Roads. I think it would be fair to define our region as anything within a 45 minutes drive. The US 460 project would make Isle of Wight County a mere 30 minutes away from Petersburg.
The money would be better invested in High Speed Rail. It has already been estimated that if we had true HSR from both Norfolk and Newport News, that we could operate with profits exceeding $30 million a year. That money could pay for a lot of transportation projects. The economic development that HSR would bring would also benefit the entire region, not just the outlying counties.
I am not against public-private partnerships. On the contrary, I think that they can bring much-needed capital to a tight state budget. We do, however, need to spend it wisely, in a way that will allow us to grow our tax base. This way, in the future, we will not have such a tight budget.
Don’t Tear Down Waterside
Sep 25th
To City of Norfolk: don’t tear down Waterside. Waterside has problems, yes, but it is not irreparable. Waterside started as a public/private partnership. It was successful. I think that with the right leadership and a new public/private partnership, Waterside can be made anew. It should be a place that people, particularly families, can go in the evenings and weekends and have good, clean fun. It should have a couple of good, independent restaurants that are open to the waterfront. It should have a coffee shop/café where downtown workers can take a relaxing lunch break on the water. Above all else, remember that this is WATERside. You should be able to have an open view of the water from almost anywhere in the building.
Previous Waterside:
More Money for a New HRTA
Oct 14th
- $10 automobile inspection fee
- 5 percent tax on automobile repairs
- Grantor’s tax of 40 cents for every $100 of assessed value when selling a home
- Motor vehicle rental tax of 2 percent
- One-time vehicle registration fee of 1 percent
- Annual vehicle registration fee of $10
- 2 percent gas tax
The hardest thing to think about is what you can charge for without making people feel put out or overwhelmed. I think that any fee/tax needs to benefit those who drive cars that wear lightly on the roads and cost those with heavier vehicles more. Virginia should raise overall registration fees for vehicles. Right now, there is only an $11 dollar difference in fee cost for registering a small car ($38.75) versus a a heavy truck (7,500 GVW – $49.75). Compare this to someplace like D.C., where the same comparison shows that a small car costs $72 and a similarly sized truck costs $300. Don’t get me wrong, if VA raised our rates that high I think a revolution would be necessary, but we should go higher. These rates would be applied statewide. Hampton Roads and Northern Virginia’s collected fees would go to our respective Authorities. The rest of the state’s collections would go right into the capital budget of VDOT. While we are re-evaluating fees, we should consider a discount for fuel economy. I was thinking 30 mpg would be a good start. This would encourage people to buy more fuel efficient cars which are usually lighter and wear less on the roads.
The next source of revenue is one which makes most people cringe. I am talking about the gas tax. Nobody wants to pay more for gas. Interestingly, those that oppose it the most are usually the same people that either drive gas-guzzlers or drive hours each way for their daily commute. I know that it will be tough. For me, for you, for everyone. We need to raise the money. I think an additional 5 cents would be a good start. It would put VA right around the national average (we are below it now) and well below the national maximum. If we had raised the rate when the prices started going down, the effect would have been near unnoticed.
The next touchy subject that nobody wants to talk about but most kind of know in the back of their minds that they would be beneficial in the long run: tolls. Hampton Roads has a number of proposed Public/Private Partnerships brewing right now. Each of them has something in common. Tolls. If our area could fund more road projects like the Chesapeake Expressway, we might get further. For those of you that may not know, the CE was funded by a loan from VDOT and by bonds, both of which are repayed through tolls. These tolls don’t need to be high. They can be simple 5 or 10 cent tolls on heavily traveled thoroughfares. A toll as low as 5 cents would only cost the average commuter $1 per month. As low as this seems, a 5-cent toll on, hypothetically, the I-64/264 interchange, could generate $6 million per year. Or a 20-cent toll on the Midtown Tunnel, which would generate $5 million/year. A 5-cent toll on the HRBT, the Midtown, the Downtown, the High-Rise, and the MMBT could generate a combined $7 million per year. All of these are hypothetical of course, but if we looked at small tolls that wouldn’t hurt anybody but would collectively raise enough money to matter, we might be able to get somewhere. After our projects are built and paid for, we could keep the tolls low (around $.05) and perhaps only toll in one direction, so that we can continue to pay for maintenance. All of these tolls would be collected completely electronically and could be billed monthly or paid online.
All of these proposals are hypothetical. They are just a sample of what we should do. We can no longer rely on state or federal money to pay for our roads. While I find that deplorable on multiple other levels, we have to keep thinking about our future. Remember: No Transportation = No Economy = No Jobs. Our roads are as important as water and electricity.
