Item Coversheet

Agenda Item 6.

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TRANSPORTATION AGENCY FOR MONTEREY COUNTY
Memorandum
To: 

Board of Directors

From:

Debra L. Hale, Executive Director

Meeting Date:

December 2, 2020

Subject:

Presentation on the Caltrans US 101 Business Plan


RECOMMENDED ACTION:

RECEIVE presentation on US 101 Business Plan development process and PROVIDE input to Caltrans.

SUMMARY:

The purpose of the US 101 Business Plan is to provide the data, strategy, and community support needed to secure financial investment in the US 101 corridor. It provides a medium to communicate with policy makers, partners, and the public.  Essentially, the US 101 Business Plan provides a roadmap to achieving the corridor’s goals. It identifies priority corridor needs and examines how well improvements will serve the corridor. The business plan will include a financial element, which will identify the total funding need for the US 101 corridor and explores potential funding sources.

FINANCIAL IMPACT:
While there is no direct fiscal impact to the Transportation Agency, the proposed US 101 Business Plan could become a catalyst that generates funding for improvements throughout the corridor.  A similar State Route 99 Business Plan was the inspiration for a $1 billion allocation of state bond funds to that corridor.
DISCUSSION:

Caltrans District 5 is creating the US 101 Business Plan in collaboration with the US 101 Central Coast Coalition. The US 101 Central Coast Coalition was formed to raise awareness of the US 101 Corridor through three counties within the boundaries of Caltrans District 5. As a major economic asset to the state and nation, the business plan will encourage infrastructure investment in the US 101 corridor. The Central Coast Coalition members are Santa Barbara County Association of Governments, San Luis Obispo Council of Governments, Transportation Agency for Monterey County, Council of San Benito County Governments, Santa Cruz County Regional Transportation Commission, Association of Monterey Bay Area Governments, and Caltrans District 5.

 

The US 101 Business Plan was initiated by an action item proposed by Central Coast Coalition members following the California Transportation Commission Workshop in Salinas. The US 101 Business Plan follows the model of the Central Valley’s State Route 99 Business Plan, which received $1 billion in bonds in 2006. The purpose of the US 101 Business Plan is to provide the data, strategy, and community support needed to secure financial investment in the US 101 corridor. It provides a medium to communicate with policy makers, partners, and the public.

 

Caltrans District 5 project lead, Kelly McClendon, will present the timeline and process for development of the US 101 Business Plan and take Board member input.

WEB ATTACHMENTS:
https://dot.ca.gov/caltrans-near-me/district-5/district-5-current-projects/us-101-business-plan