Key West Transit Development Plan FY2025-2034

9.1 Short-Term Operating and Capital Improvements

Table 9-4: Short-Term Financial Plan

Short Term Total

Cost/Revenue

2025 2026 2027

2028

2029

Operating Costs Maintain Existing Services

$7,195,980 $7,339,900 $7,486,698 $7,636,432 $7,789,160

$37,448,169

Implement Key West - On the Move Priority #1 (Expand Existing Service Duval Loop: Additional Service Hours) Implement Key West - On the Move Priority #2 (New Service: North Connector) Implement Key West - On the Move Priority #3 (Expand Existing Lower Keys Shuttle: Increase Headways)

—

— $1,487,656 $1,517,409 $1,547,757

$1,578,712

—

—

— $879,229

$896,814

$914,750

— $2,465,260 Total Operating Costs $7,195,980 $7,339,900 $8,974,354 $10,033,070 $12,650,653 $42,406,892 — — — $2,416,922

Capital Costs Vehicles

$2,523,028 $2,523,028 $1,350,000 $525,000 $3,500,000 $10,421,056 $2,523,023 $2,523,028 $1,350,000 $525,000 $3,500,000 $1,400,000

New & Replacement Vehicles Other Capital/Infrastructure

$2,385,810 $1,207,222 $75,000

$75,000

$75,000

$3,818,032

Park and Ride Rehab

$1,082,222 $1,082,222

—

—

—

—

Transit Facility Enhancement (Charging Stations and Infrastructure) Bus Stop Infrastructure & Accessibility Program (Signs, Benches, Shelters, Sidewalks)

$300,000

—

—

—

—

—

$338,060 $50,000

$50,000

$50,000

$50,000

$50,000

Bus and Facility Equipment

$565,528

—

—

—

—

—

Development & Implementation of Marketing Program $100,000 $25,000

$25,000

$25,000

$25,000

$25,000

Development of Micro transit Optimization Policy with Monroe County (Key West Rides and Conch Connect)

— $50,000 — Total Capital Costs $4,908,838 $3,730,250 $1,425,000 $600,000 $3,575,000 $14,239,088 — — —

Continued on next page

Transit Development Plan FY 2025–2034

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