TITLE: Title
Presentation on Transit Strategic and Financial Sustainability Plan
PURPOSE: The purpose of this item is to have consultants, Nelson/Nygard provide an overview of the research and findings in the Transit Strategic and Financial Stability Plan.
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DEPARTMENT: Manager's Office/ Planning
CONTACT INFORMATION: Julie Eckenrode- 918-7308, Tina Moon- 918-7325
INFORMATION: Please see attached memorandum from Brian Litchfield, Chapel Hill Transit Director for background information regarding the presentation from Nelson/Nygard.
FISCAL & STAFF IMPACT: Fiscal and staff impact are unknown at this time. However, the presentation will explain that significant increases in expenditures (up to $80 million) will be needed from Chapel Hill Transit partners in the next ten years.
RECOMMENDATION:r It is recommended that the Board of Alderman accept the presentation and provide feedback to staff and Nelson/Nygard.