August 20, 2015 12:00PM (ET)
A New Set of Equations to Address Urban Transportation: $ In = $ Out = Tolling for Transit
Imagine a transit solution that provides relief for traffic congestion and pays for itself!
By combining the individual strengths of transit and tolling, Bus Toll Lanes gives travelers a real choice by providing sustainable, competitive options. Bus Toll Lanes are an innovative financial approach to managed lanes that combines up front transit capital funding with toll revenue that pays for toll and transit operations and maintenance. View Handout
Presenter: Joe Waggoner, Chief Executive Officer, Tampa Hillsborough Expressway Authority (THEA)
Joe came to THEA in August of 2007 and immediately made improvements in the maintenance, operations and financial position of the agency. The agency is now positioned to help address the future transportation needs in the Tampa area.
Joe has a knack for thinking up out‐of‐the box ideas, such as his work in positioning the Expressway Authority as a test bed for the new technology of automated vehicles. He hired the Center for Urban Transportation Research at the University of South Florida to research the potential policy, legislative and insurance issues surrounding automated vehicles. The test bed, combined with the CUTR research will help bring high tech companies to the Tampa Bay region. In addition, his Bus Toll Lane idea, basically paying for public transit with tolls. BTL keeps the toll money in the community where it’s collected, serves the public transit needs of the community and improves overall mobility in the community.
His education and 33‐plus years of experience in the development of a variety of transportation modes have given him a broad perspective on key issues in transportation.
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