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Njf redevelopment forum 2018 rogers

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Presentation for AVs and EVs session

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Njf redevelopment forum 2018 rogers

  1. 1. MARCH 9, 2018 Technology Drives Innovation RIDE SOURCING NJ Redevelopment Forum
  2. 2. MARCH 9, 2018 Suburban Residential� Regional�transit hub� 22 miles - Direct line to NYC Over 4,000 daily commuters SUMMIT, NJ Population of 22,000 NJ Redevelopment Forum
  3. 3. MARCH 9, 2018 Two Parking Structures 13 Public Lots 2100 garage spaces 700 on-street spaces 2800 SPACES Parking Infrastructure NJ Redevelopment Forum
  4. 4. MARCH 9, 2018 200-400 DAILY PARKING SPACE DEFICIT Parking�Assessment Resident commuters Thousands of employees working in central business district near train station Thousands of daily visitors� NJ Redevelopment Forum
  5. 5. MARCH 9, 2018 NEW PARKING LOT� Parking�Option Analysis One acre needed in downtown area $7 million land acquistion cost $8.48 million net total cost over 20 years� � � � � � � � � (set up costs, debt service, annual O&M costs) $1.57 million in parking revenue (80% annual utilization) NJ Redevelopment Forum
  6. 6. MARCH 9, 2018 100 parking spaces NEW STRUCTURE Parking Option Analysis $3 million in construction costs $3.67 million net total cost over 20 years � � � � � � � � �(set up costs, debt service, annual O&M costs) $1.57 million in parking revenue (80% annual utilization) NJ Redevelopment Forum
  7. 7. MARCH 9, 2018 Technology Offers a Solution WHEN DEMAND CONSISTENTLY EXCEEDS CAPACITY Infrastructure Limitations � � � � � Public-Private Partnership Opportunity NJ Redevelopment Forum
  8. 8. MARCH 9, 2018 GOALS Ridesourcing Pilot Program Provide an alternate, reliable transit option Experiment with technology to provide�parking solution Stimulate a modal shift to ridesharing Affordable cost alternative NJ Redevelopment Forum
  9. 9. MARCH 9, 2018 Residents-only, long-term commuter 100 participants $4.00 Cost - Same price as daily parking rate USER & COST Ridesourcing Pilot Program NJ Redevelopment Forum
  10. 10. MARCH 9, 2018 Two trips per day $2.00 per trip paid by rider $5.60 average gross subsidy per trip $268,800 annual subsidy cost $76,800 per year additional�revenue�(80 cars @ $4/day - open spaces) 100 PARTICIPANTS Ridesourcing�Program Design NJ Redevelopment Forum
  11. 11. MARCH 9, 2018 $192,000 average net total cost of program� 52,800 trips per year $3.64 subsidy cost per ride $3.84 million total net program cost over 20 years 100 PARTICIPANTS Ridesourcing�Program Design NJ Redevelopment Forum
  12. 12. MARCH 9, 2018 Survey�Feedback Analysis of Usage Patterns RESIDENTIAL COMMUTERS Program Evaluation NJ Redevelopment Forum
  13. 13. MARCH 9, 2018 PROGRAM NUMBERS Up to 100 participants� (October 2016 to March 2017 with Uber) Up to 150 participants� (April 2017 to November 2017 with Uber) Up to 200 participants (December 2017 to November 2018 with Lyft) NJ Redevelopment Forum
  14. 14. MARCH 9, 2018 ACTUAL� Program Costs $125,988 total gross cost $92,810 total cost to City of Summit Average cost per ride: $7.60 Average subsidy cost per ride: $5.60 NJ Redevelopment Forum
  15. 15. MARCH 9, 2018 EVALUATION Usage Patterns Current number of participants: � 175 (up from 135 in November 2017) 16,588 trip taken over 17 months 975 average monthly trips over initial 17 months 83% of participants pay daily instead of pre-pay NJ Redevelopment Forum
  16. 16. MARCH 9, 2018 Average trips per week:��Four per rider Average trip cost: $7.60 Average trip ETA:��under five minutes 40% take five trips per week 70% take three trips per week Average trip distance: 1.4 miles ACTIVE RIDER�DATA Usage Patterns NJ Redevelopment Forum
  17. 17. MARCH 9, 2018 TRENDS Usage Patterns 1300�average�monthly trips since November 2017 40�average�trips per day since November 2017 Up from 30 trip per day NJ Redevelopment Forum
  18. 18. MARCH 9, 2018 95% of users report very or � � � � � � � � � � � � � �somewhat satisifed 70% of users ride in both morning � � � � � � � �and evening �Over 70% of users will drive when not � � � � �sourcing a ride 62% of users will not wait more than ten minutes�for a ride 60% of users will only continue to be in the program if subsidized by the city � USER SATISFACTION Usage Patterns NJ Redevelopment Forum
  19. 19. MARCH 9, 2018 INCENTIVIZE USAGE Big Finding for Consideration Generate�financial�value for program participants by increasing daily rate for users who are not in the�program� NJ Redevelopment Forum

Presentation for AVs and EVs session

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