HomeMy WebLinkAboutC.054.93011_0726 (2)Final EIS/Phase II Engineering
Full Design of track, stations, crossings, facilities and equipment
Assumes 25% state funding share but no federal funding
Iredell County/Mooresville share depends on rail line terminus
Iredell County Service options
• Williams Street Terminus
Serves downtown Mooresville and
NC-115/NC-150 connection to I-77
TOD development at Williams Street
• Mt. Mourne Terminus
$30 million less expensive
• 4.8 fewer miles
• 2 fewer stations
• 14 fewer crossings
• 1 less passing siding
Serves Lowe's area employment center but misses downtown Mooresville
Project Costs
Mt. Mourne
Williams Street
Mooresville
Trackage
2.7 of 25.2 miles
7.5 of 30.0 miles
Stations
i of 8
3 of 10
Crossings
15%
25%
Weighted Average
12% of costs
27% of costs
Total Project Cost
$200 million
Iredell County/Mooresville Share
Phase 2 Engineering
$765,000
$1.8 million
Construction
$5.8 million
$14.7 million
Total Cost with 50%
Federal Funding
$6.6 million
$16.5 million
Timing for Decisions
• Final Environmental Impact Statement
CATS will include service to Wililams Street to preserve option for service to
Mt. Mourne and/or Wiliams Street
• Phase 2 Engineering - October 2005
FEIS documentation; engineering/design of stations, trains, facilities, roadbed
and at -grade crossings
• Construction -Spring 2007
• Initiate Service: Summer 2009
Summary
Iredell County & Mooresville Funding
• Phase 2 Engineering - October 2005:
Williams Street $1.8 million
- Mt. Mourne $760,000
• Construction (Spring 2007) & Implementations of Service (Summer 2009) -
Additional Required Funding:
Mt. Mourne $5.8 million
- Williams Street $14.7 million
Commissioner Norman asked the annual operating costs.
Carol said they had not been calculated. He said a figure might be calculated
this summer, and that Mecklenburg would absorb the base costs. Carol said three to
five percent would be his estimate.
Commissioner Robertson said he heard it would be $1 million.
Carol said it wouldn't be that much.