Key West Transit Development Plan FY2025-2034

Implementation of Key West on the Move

Implementation of Key West on the Move By 2034, full implementation of the Ten-Year Plan with deployment of the alternatives was estimated to generate a 174% increase in additional boardings over a ten-year period. In contrast, the Ten-Year Demand Analysis under a No-Build, status quo scenario estimated only an 11% increase over the ten-year period. The greatest gains in ridership are expected from adding the North Connector, which is estimated to generate 20 new boardings per service hour, followed by extending the Duval Loop service hours and increasing frequencies on the Lower Keys Shuttle. The Ten-Year Financial Plan assumes a gradual rollout of the recommended services. A detailed breakdown of capital and operating costs and revenues can be found in Appendix G . Key issues raised by that Ten Year Financial Plan are as follows: » It must be stressed that 80.1% of the Capital Plan is related to the Key West Intermodal Facility and the capital cost of vehicles which is necessary with or without improvements because a portion of the fleet will reach the expected life cycle in the next ten years. » While revenues are anticipated to exceed costs for FY 2025-2029, the Plan projects that there will be shortfalls from FY 2029-2034, resulting in a cumulative shortfall of $126.5 million over the Ten-Year period. » The greatest shortfalls in funding occur in those years where implementation of Key West On the Move priorities 1, 2 and 3 are operating and local government and grant funding dips below the total costs, indicating a need to identify additional funding sources. » For KWT to maximize grant revenues, the City of Key West local grant match contributions for transit services would need to increase. Potential strategies are included in Chapter 10 and consist of public/private partnerships, local municipal services taxing unit and tourism taxes.

Implementation of the recommended ten-year plan will require close coordination among local and regional agencies in Monroe County, the FDOT District Six and the FTA Region Four Planning Office. Key West Transit is committed to coordinating efforts to implement Key West on the Move by exploring funding opportunities to facilitate implementation of the plan and maintain existing fixed-route and micro transit services. Table ES-8 identifies potential funding sources for Unfunded Needs, summarized on the next page.

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Transit Development Plan FY 2025–2034