An ambitious transit plan for the Charlotte region will cost more than city leaders estimated earlier this year.
Rail and bus rapid transit projects alone will cost $11.6 billion, a figure nestled on the high range of what a Charlotte advisory group estimated in December: somewhere between $8 billion to $12 billion, split between local and federal funding. Amanda Vandegrift, principal consultant at InfraStrategies LLC, presented an updated financial model to the Charlotte City Council on Monday.
Non-transit costs — for projects including greenways, as well as pedestrian and bicycle networks — could cost $1.9 billion, Vandegrift said.
The total price tag for now, $13.5 billion, is a preliminary assumption that could fluctuate depending on the timeline of individual transportation initiatives, federal funding grants and a controversial countywide tax, among other variables, over an 18-year construction period, she said.
City Manager Marcus Jones assured the Council that the proposed “1 cent for mobility tax” would still cover all projects within the Transformational Mobility Network, including the Red Line and Silver Line.
The countywide tax would begin in 2023, giving a buffer for the region to recover from the coronavirus pandemic, Vandegrift said. Of the $11.6 billion in projected transit costs, about $7 billion would be covered by sales tax revenue, with the rest from federal grants.
The transit tax will require approval from the General Assembly, and Mecklenburg County commissioners would need to approve putting the transit tax referendum on a future ballot.
The City Council did not take action on the tax or other parts of the plan on Monday. But Council member Braxton Winston reminded his colleagues the plan has failed to gain traction in north Mecklenburg, where leaders have adamantly opposed the tax.
Red Line opening date
The LYNX Red Line commuter rail — traversing Davidson, Cornelius, Huntersville and center city Charlotte — has been touted as the hallmark of the interconnected mobility network.
It’s also one the thorniest part of the transit plan. Council member Tariq Bokhari on Monday said Charlotte’s plan was “dead in the water,” after Charlotte broke trust with the surrounding towns and Raleigh in the early planning stages.
North Mecklenburg leaders remain skeptical the transportation plan could benefit their residents, after waiting years to see the Red Line come to fruition. The company that controls rail tracks that’s seen as the best option for the Red Line has not signaled its intent to cooperate with city and county leaders for shared use.
But Vandegrift said the Red Line is expected to open in 2031 and cost $674 million, according to the transportation plan’s financial model.
The LYNX Silver Line would run from Matthews to north of uptown, then westward past the airport and across the Catawba River to Gaston County. The first phase would open in 2037, with the second phase opening in 2040, Vandegrift said.
Bicycle Health is a treatment organization that specializes in the care of clients struggling with opioid use disorders. With nine locations from Los Angeles to San Francisco, Bicycle Health offers comprehensive medication-assisted treatment that integrates counseling with medications to treat opioids such as heroin, Fentanyl and Vicodin. Founded in 2018, the organization offers “telemedicine”, where modern technology enables physician consultations through video conferencing. Beyond the intake interview, individuals do not need to meet with team members in-person. Medication management is offered for clients in need of dual-diagnosis support for co-occurring physical and mental health conditions. The 12-step recovery model is also a component of the programming.
Treatment and Staff
Before beginning treatment clients undergo a comprehensive intake assessment that includes a physical and mental health exam as well as a complete history of substance use and withdrawal symptoms. From there, the Bicycle Health team determines the most effective individualized care strategy tailored to address the specific needs and goals of each client. The facility utilizes Suboxone and Subutex, FDA-approved medications that reduce painful opioid withdrawal symptoms and enable individuals to focus on recovery. In addition, Bicycle Health uses muscle relaxant medications when necessary. Methadone is not offered as it requires in-person visits. Clients can communicate with a physician or health coach through Bicycle Health’s app. There is no set treatment length. Individual needs dictate how long a client will require medication.
Bicycle Health employs an established team comprised of board-certified physicians, family and psychiatric nurse practitioners as well as health coaches. Many of the doctors specialize in preventative and family medicine. Medication management for co-occurring conditions is available as needed.
Following the intake assessment, clients are no longer required to show up in-person. Prescriptions can be picked up personally, sent to a nearby pharmacy or even discreetly delivered to the client’s home.
The Modesto location accepts Medicare.
Bicycle Health is an organization that offers a comprehensive “telemedical” approach to care that remotely connects physicians with clients struggling with opioid use disorders. The facility places a premium on privacy and professional, individualized care. For anyone seeking a discrete medication-assisted program with an excellent team of physicians and nurses, Bicycle Health is an excellent resource.
Bicycle Health Location
San Francisco 350 Townsend St, Ste 309 San Francisco, CA, 94107.
Redwood City 617 Veterans Blvd Ste 101, Redwood City, CA, 94063.
Modesto 931 10th St, Modesto, CA 95354.
Fresno 2721 Ventura St Ste 130 Fresno, CA, 93721.
Pasadena 547 South Marengo Avenue, Pasadena, CA 91101
Culver City 9415 Culver Blvd, Culver City, CA 90232
Santa Monica 929 Colorado Ave, Santa Monica, CA 90401
Long Beach 431 E Broadway, Long Beach, CA 90802
San Fernando Valley 9410 Owensmouth Ave, Chatsworth, CA 91311
Bicycle Health Cost
$199/Month (Insurance accepted). Reach Bicycle Health by phone at (866) 400-1559 or byemail. Follow Bicycle Health on Facebook, Twitter and Instagram.
We’re quite fond of running and publishing total cost of ownership forecasts here, whether comparing the Tesla Model 3 with the BMW 3 Series, comparing the Tesla Model Y with the Mercedes-AMG GLE 63 S, or comparing the Volkswagen ID.3 with the Volkswagen Golf. California utility PG&E Corporation has also joined the cost of ownership fun. It has a cost of ownership calculation tool for 52 electric vehicles on the market in California (plug-in hybrids as well as fully electric vehicles).
The example on the first page is the Tesla Model 3 Long Range versus the Volkswagen Golf R.
Clicking for details on what goes into the calculations, you get the following table, indicating that the 5 year cost of ownership comparison takes into account estimates for upfront price, electricity costs over time for the Model 3, gasoline costs over time for the Golf R, maintenance costs, and insurance costs:
I presume the calculator uses California medians for miles driven, electricity costs (probably a PG&E median here), gasoline costs, and perhaps insurance costs. Estimating maintenance costs is more of an art at this point, and how they determine insurance cost estimates is unclear to me, as that’s always been a tricky business.
Going a bit further, you can select your preferred EV here, can sort by EV type (full electric versus plug-in hybrid) or vehicle class, and also modify expected miles by changing the roundtrip commute distance, among other things.
One thing missing from the PG&E model is resale value. [UPDATE: Actually, it appears the initial cost includes an estimate for resale value in the equation.] Since it’s a 5 year cost of ownership model, that doesn’t really matter if you plan to keep the car for longer — say, 10 or so years. However, resale value should be a part of any true total cost of ownership calculation, especially when you consider that the Tesla Model 3 is expected to have much better resale value than competing cars. Nonetheless, even among those who do TCO (total cost of ownership) comparisons, I think it’s very uncommon to compare estimated resale values. You can always add that in fairly easily yourself, or can just use my comparison sheet.
If you’d like to explore and toy with the various assumptions, you can do so here.
Here’s one more example from me, the Hyundai Kona EV versus a similar non-electric Hyundai Kona:
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Tags: California, EV TCO, Hyundai, Hyundai Kona, Hyundai Kona EV, PG&E, Tesla, Tesla Model 3, Tesla Model 3 TCO, Utilities
About the Author
Zachary Shahan is tryin’ to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director,
Average new vehicle will cost nearly $8,500 annually to own and operate
ORLANDO, Fla. (August 23, 2017) – Owning and operating a new vehicle in 2017 will cost a driver an average of $8,469 annually, or $706 each month, according to a newstudy from AAA. The annual evaluation of driving costs reveals that small sedans are the least expensive vehicles to drive at $6,354 annually, however small SUVs ($7,606), hybrids ($7,687) and electric vehicles ($8,439) all offer lower-than-average driving costs to U.S. drivers. Conversely, of the nine categories included in the evaluation, pickup trucks are the most expensive vehicles to drive at $10,054 annually.
“Determining the cost of a new vehicle car is more than calculating a monthly payment,” cautioned John Nielsen, AAA’s managing director of Automotive Engineering and Repair. “While sales price is certainly a factor, depreciation, maintenance, repair and fuel costs should be equally important considerations for anyone in the market for a new vehicle.”
In addition to analyzing the ownership costs for sedans, SUVs and minivans, AAA’s Your Driving Costs study added four new vehicle segments in 2017 – small SUVs, pickup trucks, hybrids and electric vehicles.
*Based on 15,000 miles driven annually
To estimate the overall cost to own and operate a new vehicle, AAA evaluated 45 2017 model-year vehicles across nine categories and focused on mid-range, top-selling vehicles. AAA’s annual driving cost is based on a sales-weighted average of the individual costs for all of the vehicle types. Key findings include:
Depreciation — the declining value of a vehicle over time — is the biggest, and most often overlooked, expense associated with purchasing a new car. New vehicles lose an average of $15,000 in value during the first five years of ownership. In 2017, small sedans ($2,114) and small SUVs ($2,840) have the lowest annual depreciation costs, while minivans ($3,839) and electric vehicles ($5,704) are at the high end of the scale.
Maintenance and repair
To calculate annual maintenance and repair costs, AAA examined factory-recommended maintenance, replacement tires, extended warranty costs and services associated with typical wear-and-tear. New vehicles, on average, will cost a driver $1,186 per year to maintain and repair.
The inevitable costs associated with maintenance and repair should be an important consideration for car shoppers, as a recent AAA survey found that one-third of U.S. drivers could not afford an unexpected repair bill. AAA Approved Auto Repair facilities offer free vehicle inspections, AAA member discounts and a 24-month/24,000-mile warranty for AAA members. Visit AAA.com/AutoRepair to find a nearby facility.
Fuel costs vary significantly by vehicle type, ranging from 3.68 cents per mile (electric vehicles) to 13.88 cents per mile (pickup trucks). New vehicle owners, on average, will spend just over 10 cents per mile – about $1,500 annually — to fuel their vehicles.
Last Modified: February 04, 2020 by Jeff Ostroff | Originally Published February 26, 2000
CarBuyingTips.com will show you how to figure out how much the dealer paid for the car. To help do this, we will make use of some great free sites. I have also created a free “Offer Spreadsheet” that will calculate a fair offer for both you and the dealership. Once you fill it out you’ll be able to use it during your negotiations.
1. How Much is Fair to Offer the Dealer?
In order to calculate your offer, the first thing you have to do is find out how much they paid for the car. Then you will be able to offer them a deal that gives them a fair profit.
Don’t just make up a number for the offer, make an educated offer based on the dealer’s actual cost. It will take some time and research so you must be patient.
At the dealership, one of the first things you should do is ask them to show you the factory invoice for the car. If they refuse your request, I will show you how you can get the information online.
2. Your Offer Should Be 3% – 5% Over Actual Cost
To be fair for both sides, you should make an offer of 3% – 5% over the actual dealer’s cost, not above the invoice price. Dealerships will gladly accept a 5% profit. In fact, many dealers survive on 3%. I have done extensive research with auto industry insiders and have verified this to be true.
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You will find that a lot of dealers will charge dealer prep fees and advertising fees to offset their expenses. Meeting sales goals will also bring income to the dealership in the form of incentives from the manufacturer and these incentives further offset their costs.
Their bread and butter is taking advantage of uninformed buyers. Don’t misunderstand me and think I’m saying that they shouldn’t make any profit, I’m just saying that it needs to be fair. They make additional money from trade-ins, credit insurance, finance, accessories, extended warranties, rust proofing, etc.
3. How Much Did the Dealer Really Pay for the Car?
Dealer Cost is Not the Factory Invoice Price!
The dealer’s actual net cost of the car is usually much less, made up of 3 parts:
Invoice Price – Factory Holdback – Factory To Dealer Incentives = Actual Cost
Magicians have nothing on car dealers when it comes to keeping secrets and how much they actually paid for the car is their most important secret. You’ll hear a lot about the “factory invoice” and the salesman will try to make you believe that it shows their true cost. Don’t fall for this pitch because it’s not correct. Knowing the true cost is your most powerful weapon when negotiating with the dealer.