RTA Board Approves 5-Year Transit Strategic Plan
January 18, 2018
January 18, 2018
CHICAGO – The Regional Transportation Authority (RTA) Board of Directors today approved Invest in Transit, the 2018-2023 Regional Transit Strategic Plan. The RTA has a key role in developing a strategic plan every five years and leading the region’s work in meeting the needs of transit riders in an increasingly challenging environment.
This new regional plan sets a bold, yet practical, vision for “public transit as the core of the region’s robust transportation mobility network.” It describes the funding uncertainty that the RTA, CTA, Metra, and Pace (the Transit Agencies) currently face and the actions that stable and dedicated funding streams would allow us to take to provide vital public transit into the future. A companion document, Invest in Transit Priority Projects, describes specific, tangible capital priorities for CTA, Metra, and Pace. A portion of the funding required to advance some of these projects is programmed in the current Transit Agency capital programs, yet all are still underfunded or un-funded, with a regional need totaling $30 billion over the next ten years.
“Trains and buses are our region’s most important mobility assets. We should be investing $2 to $3 billion in capital each year to keep our system in good shape and move forward with new innovations. However, we’re currently not even investing half of that each year,” said Leanne Redden, Executive Director of the RTA. “The Agencies are already doing what we can with fare increases, TIF funding, and other local solutions to the problem. Ultimately, we must find a sustainable funding source that will enable us to continue to provide excellent service to our riders and fund the capital projects that will keep us competitive. As the plan says, now is the time to act.”
The plan adopted today is the culmination of two years of research, close collaboration with the Transit Agencies, and outreach to a network of stakeholders. Public input was encouraged through hearings and online comments late last year.
Invest in Transit’s three goals describe the key areas of focus for the Transit Agencies over the next five years. For each goal, Invest in Transit lays out a series of strategies for taking action over the next five years.
Deliver value on our investment: This goal focuses on the positive impacts of transit investment and the importance of increasing funding. Strategies include seeking additional funding, being clearer about how the Transit Agencies will spend the funds, and demonstrating positive outcomes of transit investment.
Build on the strengths of our network: This goal focuses on the service improvements and infrastructure investments that the Transit Agencies would like to make in key transit markets throughout the region. Strategies include making targeted operational improvements in six areas and addressing regional policy issues related to land-use around transit stations.
Stay competitive: This goal focuses on the vital role that transit plays as part of the region’s mobility network and strategies for adapting to the evolving needs of riders. Strategies include improving bus reliability, investing in technology, and pursuing regulation of private mobility services where high volume transit is successful.
This year, the Transit Agencies will begin work on implementation of the plan’s strategies as well as focus on developing a campaign to increase the level of capital investment to $2-3 billion annually. This will be an opportunity for regional stakeholders to come together to provide visible improvements to riders of the system and also set a course for down-the-road investments as the transportation environment continues to evolve.