Abstract:
A range of financing possibilities are available for a proposed people mover in Atlantic City. Unique circumstances exist there that influence the appropriateness of each technique. The financing alternatives include passenger fares, a parking tax, bus management fees, tolls on access roadways, a luxury tax, an employer payroll tax, advertising revenues, value capture, joint development, and turnkey development. Although some of these revenue sources could contribute to any financing package, the analysis shows that fare revenues would cover most capital and operating costs. This ability is due primarily to the high projected ridership that would be virtually guaranteed by a mandatory intercept of all buses and casino employee vehicles at the city periphery and a transfer of passengers to the people mover system. Fare financing would be the most practical and politically feasible financing option and would force casinos and their patrons to pay the costs of alleviating the congestion, pollution, and noise problems they have caused in Atlantic City.
Supplemental Notes:
This paper appears in Transportation Research Record No. 1266, Urban Public Transportation Research 1990. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved
