Client: Alameda-Contra Costa Transit District (AC Transit)
The Richmond Parkway Transit Center is a park-and-ride facility owned by Caltrans, maintained by AC Transit, and utilized by multiple transit operators as well as private carpoolers in the I-80 corridor. AC Transit asked a team led by ARUP to re-evaluate the feasibility of earlier plans to expand the facility by building a 600-space garage on the site.
Transportation Analytics conducted the financial analysis that synthesized the conclusions and assumptions of the engineering and technical work earlier in the study. Our flexible spreadsheet model provided the ability to test multiple scenarios and conduct sensitivity analyses. The model showed the impact of AC Transit policies such as the requirement to include the re-capitalization costs and demonstrated the implications of different inflation assumptions. Testing a wide variety of options provided reassurance to decision-makers about the merits of a down-sized approach.