Start-up Toll Authorities Lessons Learned

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Start-up Toll AuthoritiesLessons Learned
Presented by Richard L. Ridings, P.E.,
R.P.L.S.
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Perspective
Experiences in 28 states
90 years of service to the toll industry
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Focus on Different Agencies and States

• Maine Turnpike Start-up in 1946
• North Carolina Turnpike Authority
• North Texas Turnpike Authority
• Central Texas RMA
• Alamo RMA
• Cameron County RMA
• HCTRA
• Trans Texas Corridor/TTA

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Start Up Agency Challenges

• State or local authorizing legislation
• Governing boards
• Types of facilities
• Size of systems
• Number of facilities
• Management philosophies
• Bond histories/new agency
• System growth rates
• Project delivery approaches
• Political settings

But
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It is ALL About the MONEY
Highway Funding for Texas
Unfunded needs Roadway funding met through
traditional methods
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For Start Up Agencies Tolls Dont Pay for
Everything
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TIFIA
Tolls
State DOT
Local
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TIFIA
Tolls
State DOT
Local
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Tolls
TIFIA
Local
State DOT
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TIFIA
Tolls
State DOT
Local
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Building the Road is the EASY Part
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The Real Trick is theFinancing
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New Way of Government Thinking
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Develop Strategic Plan

• Agree on the VISION
• Agree on the MISSION
• Agree on the PURPOSE

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Constant Public Information
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Let the Public Know TollsInitially Wont Pay for
it All
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Foster Informed Consent

• Public understands the Vision,
• Mission and Purpose
• and will accept what you are doing

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Public Acceptance is DifferentFor Every Agency
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Assets Liabilities
Highway Funding for Texas
Unfunded needs Roadway funding met through
traditional methods
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Balance the Checkbook