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HomeMy WebLinkAbout02 Memo on I-10 Portola interchange funding 4-21-21r y'�i �� � VAG TO: Todd Hileman, City Manager, City of Palm Desert FROM: Tom Kirk, Executive Director, Coachella Valley Association of Governments (CVAG) DATE: April 21, 2021 RE: Future Interchange at Interstate 10 and Portola Avenue Todd, Welcome to the Coachella Valley, and thank you for investing some time in your initial weeks on the job delving into regional transportation projects and how they are funded. I wanted to provide some additional background on the proposed interchange at Interstate 10 and Portola Avenue. I know you have had a chance to review a number of recent CVAG staff reports and presentations related to how regional transportation projects are funded, as well as those related to my staff's concerns with CVAG's projected cash flow. I am providing this memo to address the concerns CVAG staff has related to this project's funding gap. First, some history: CVAG's transportation funding program was set up in 1989, after Riverside County voters passed the first Measure A sales tax measure. In addition to the responsibilities outlined in Measure A, CVAG distributes the Transportation Uniform Mitigation Fees (TUMF), and other funds to be used for transportation related projects in the Coachella Valley. The Transportation Project Prioritization Study (TPPS) is developed and maintained by CVAG to serve as an unbiased, methodological way to provide CVAG direction in determining funding for regional arterials by prioritizing the eligible study segments. The TPPS includes a Regional Arterial Cost Estimation (RACE), and the entire study is updated roughly every five years. CVAG's program was designed to focus on the regional arterial system and state highways, such as Highway 111, with CVAG-distributed regional funds covering about half of the cost and the cities or County picking up the other 50% of the cost. The cost sharing policy was later changed with, when factoring in outside funds, CVAG covering 75 percent of the remaining costs and locals covering the final 25 percent. This system was not designed to pay for freeway improvements, which are improvements that historically are funded by federal and state dollars. Unfortunately, over the years, the amount and share of state and federal dollars available to pay for freeway improvements has decreased. Yet needs persist. This has left CVAG, the cities and Riverside County dollars making up the shortfall. The interchanges along Interstate 10 are a perfect example of this: CITY OF BLYTHE • CITY OF CATHEDRAL CITY � CITY OF COACNELLA • GTY OF DESERT NOT SPRINGS • CITY OF INDIAN WELLS CITY OF INDIO • CITY OF LA QUINTA • CITY OF PALM DESERT • CITY OF PALM SPRINGS • CITY OF RANCNO MIRAGE • COUNTY OF RIVERSIDE AGUA CALIENTE BAND OF CANUILLA INDIANS • CABAZON BAND OF MISSION INDIANS � Q2s�ripUon �Bob Hope/I-10 �Indian Canyonll-10 �Palm DrlGene Autry/I-10 Date Palmll-10 �Jefferson St/I-10 � Monte re yll-10 � Total: Total $52,000,000 $35,000,000 $35,000,000 $31,400,000 $71,300,000 $10,300,000 $235,000,000 Lo c al $1,495,000 $9, 000, 000 $6,400,000 $4, 300, 000 $23, 300, 000 $7, 735, 097 $52, 230, 097 Federa��Staie $50, 505, 000 $26, 000, 000 $28, 600, 000 $27,100, 000 $48, 000, 000 $2, 564, 903 $182,769,903 GtisCripGon Monroell-10 Jackson/I-10 Portolall-10 Avenue 50ISR86 Avenue 50II10 DillonlSR86 Dillon I-10 DaVall/1-10 Toial Locai $114, 000, 000 $105,000,000 $110,000,000 $40,000,000 $50,000,000 $65,000,000 $65,000,000 $145,000,000 Total: $694,000,000 $114,000,000 $105,000,000 $108,725,000 $39,200,000 $48,000,000 $65,000,000 $65,000,000 $145,000,000 $689, 925, 000 Federalr'S�ate $0 $0 $1,275,000 $800,OOQ �z,000,00a $0 $0 $0 $4, 075, OOQ The chart includes the funding breakdown of six, recently completed I-10 interchanges or improvements to interchanges, such as the westbound on-ramp at Monterey Avenue. The Coachella Valley's share of the funding — both CVAG and the member jurisdictions — for the first five of those interchanges amounted to about 20% of the total cost. But the newest one — Jefferson Interchange in Indio — saw the costs for CVAG and local jurisdictions rise substantially to nearly 33% of the project's total, and represented the region's (CVAG and the cities) largest contribution to a single regional project at $23.3 million. This isn't a problem for just one city; all our cities have contributed to the local share of these interchanges based on the traffic modeling that was done for each interchange project. Frankly, CVAG and its members — the cities and the County — cannot sustain this increased emphasis on funding freeway improvements that had previously been covered by outside funding sources. As proposed, the Coachella Valley's next eight interchanges will cost more than $694 million to complete — and less than 1% has been secured from federal and state sources. Additional resources, on a very large scale, are required to make these projects a reality. CVAG does not have the resources to cover the gap. I-10 and Portola Avenue The I-10/ Portola Interchange was added to the TPPS list of eligible projects in 2005. In 2010, the TPPS update ranked the project 89t" out of 247 projects. And in the 2015 TPPS update, the project was ranked 51 S' out of 227 projects. In an ideal world, CVAG would work with its members to build all the projects in the TPPS. And while there are many projects "ahead" of the I-10/ Portola interchange in the current TPPS, CVAG has historically advanced "lower priority" projects when outside — state or federal — funding is available. This has been the case of major bridges in the Coachella Valley, when funding from the federal Highway Bridge Program has been secured to fund more than 88% of the funding, which leaves 12 percent to be funded as a regional/ local match. In 2008, the City of Palm Desert entered into a future reimbursement agreement with CVAG for the I-10/ Portola interchange. The total project cost was $72 million, and CVAG's 75% share was capped at $54 million. In 2014, Palm Desert deposited $15 million to CVAG in RDA bond proceeds to cover a portion of the City's 25% share, and in April 2016, the agreement was amended to designate Riverside County as the lead agency. Amendment One also set a"time trigger" which required construction in five years and established that CVAG may decline, or delay, to pr�� �.l ��l�l. �.''' •, � / �Y' � CVAG regional funds for the project if such action was necessary to maintain a minimal ba/ance of regional funds. In June 2020, the CVAG Executive Committee approved Amendment Two, which provided a one- year extension for pre-construction phases of work. However Riverside County's new estimated project cost had increased the project's cost to $110 million, which meant the new CVAG share was estimated to be more than $82 million. Given the cash flow projections and other regional funding realities, CVAG could not commit to the additional $28 million of regional funding required for construction, and therefore suspended construction funding until other funding sources could be identified. It is important to put this cost into perspective: The TUMF program started in 1988, and the program has collected a total of approximately $130 million from Coachella Valley development over the last 32 years. The $82 million for the Portola Interchange project represents over 63 percent of TUMF funding ever collected in those three decades, leaving little funding remaining for the other 226 projects in the TPPS. Next Steps Moving forward, I have asked CVAG staff to lead an honest conversation of the funding realities that the I-10/ Portola interchange, and other projects, face. CVAG staff has already started the conversation with initial cash flow analysis in 2020, and will be asking elected officials to gauge the region's appetite for infrastructure moving forward. It may be prudent for the City to reexamine Portola, which has been accepted into the regional program but remains a City project. Such a re-examination is timely, especially given the proposed arena being discussed for the north side of Interstate 10. It is my understanding that even with the high, albeit sporadic, traffic generated by the arena, Riverside County has initially determined that no additional improvements to Varner Road, Cook Street or the I-10/ Cook Street interchange are needed. CVAG also understand that the stadium traffic analysis indicates no need, nor any reliance on, a new interchange at I-10/ Portola — which raises additional questions. Portola Avenue and other future projects have secured little-to-no outside funding, so the next stages of these projects will have a significant impact on regional and local resources. CVAG staff has evaluated both five-year and 10-year cash flow projections for projects currently obligated in CVAG's approved FY 2020/21 budget, as well anticipated projects included in the existing TPPS. Based on estimated revenue versus expenditures, the five-year fund balance projection is negative $29 million, and the 10-year fund balance projection is negative $370 million. This is why CVAG is also open to creative solutions to many projects. In the western Coachella Valley, where flooding and blowsand often result in roadway closures, we have been working with cities on an approach of determining priorities and evaluating alternative approaches to far-too- expensive projects. CVAG is now in the process of evaluating project expenditures from a regional perspective and is working on a value-engineering study that will update project expenditure estimates for projects within the TPPS. Value-engineering is a systematic, organized approach to providing necessary functions in a project at the lowest cost. Value engineering promotes the substitution of materials and methods with less expensive alternatives, without sacrificing functionality. .fi ��.;,�_ _ rlf� .:i.'' '; "" �. �}i� CVAG The proposed I-10/ Portola interchange is a City project, but CVAG staff is more than willing to continue discussions about finding a realistic approach to the project. At the same time, CVAG has been supportive of efforts to secure any outside funding for the project, including the City's recent request to Rep. Raul Ruiz to secure an earmark that would cover the funding gap. I look forward to working with you on this project and others in the City of Palm Desert. �It :I�ir-� �� �� CVAG