Key West Transit Development Plan FY2025-2034

9.2 Long-Term Operating and Capital Improvements

Key West Intermodal Center (KWIC) The Key West Transit Intermodal Center (KWIC) is a transportation center proposed by Key West Transit that would help to alleviate the traffic congestion, insufficient parking capacity, and high cost of living the City of Key West experiences, as well as provide KWT with additional sources of revenue. A study was conducted to identify the ideal site and determine the feasibility of the KWIC and its potential amenities. The study included identifying existing site conditions, conducting a preliminary environmental scan, summary of funding opportunities, stakeholder outreach, and a risk assessment, ultimately informing potential implementation strategies. The results of the study concluded that implementing an intermodal center with a public parking garage, on-site employer-provided housing, commercial/retail space, greenspace, public electric vehicle (EV) charging stations, and access to expanded public transit and multimodal transportation options is feasible at Key West Transit’s current site, 5701 College Road. Additionally, local stakeholders engaged during the outreach phase were overall supportive. The community also provided feedback regarding the KWIC’s potential amenities through a survey conducted as part of the TDP’s public outreach phase. Survey respondents were most supportive of including affordable housing for employees and a parking garage as part of the KWIC. The core components of the KWIC, the parking garage and residential units, are estimated to cost between $11 million and $32 million (2023 USD) together. The cost of housing, $8 million – $25 million, is dependent on the number and size of units implemented. The parking garage cost, $3 million – $7 million, is dependent on whether a conventional parking garage or an automated garage is implemented, as well as the level of automation and number of parking spaces/floors implemented. However, these estimates are only high-level and preliminary as they are subject to change due to increased costs and subsequent plans and studies.

The residential component of the KWIC is estimated to cost $8 million - $25 million, depending on the number and size of housing units implemented. However, this estimate is only high-level and preliminary as costs are subject to change over time. The costs of the remaining components of the KWIC, such as the parking garage, commercial/ retail space, and various amenities have not been determined at this time. These costs will be influenced by various factors including, but not limited to space utilization, type implemented, year procured, and

manufacturer/construction company. These decisions will be determined during subsequent plans and studies. Joint development initiatives offer Key West Transit (KWT) a strategic way to leverage public and private sector resources to fund and enhance transit projects. Private sector participation is crucial, as developers bring expertise, funding, and risk management capabilities that complement public sector goals. Public private partnerships (P3s) provide additional funding,

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Transit Development Plan FY 2025–2034