RTA members,
For this week’s briefing, we highlight our recent RTA Leadership Team discussion of potential toll solutions, and offer another RTA tour follow-up opportunity. See brief articles below.
Thank you for your membership, as always, and have a great weekend.
Let’s get moving,
Joe Milazzo II, PE
RTA executive director
For whom the bellwether solution is toll
The regional business community recognizes that continued improvements in major travel corridors is essential for our market’s growth.
At our quarterly RTA Regional Leadership Team meeting earlier this week, we devoted a significant portion of the meeting on a discussion of various potential toll corridors, as well as complementary policies, to accelerate improvements.
There is no dearth of candidate projects, and my sense is that our region could pursue multiple corridors at once, just like we are doing with BRT across our market. The group endorsed several corridors for consideration, and also endorsed a legislative change to support the use of transit along existing and future turnpike freeways. Targeted toll revenue can provide accelerated solutions — which means faster choices and quicker relief. Learn more in this week’s blog.
Another RTA tour follow-up opportunity
As a follow-up to the RTA leadership tour to suburban Maryland this past summer, RTA will hold a special, online-only session to learn about the Maryland Economic Development Corporation (MEDCO).
The interactive session will be held online only (via Teams), on Monday, November 23, from 3 pm to 3:45 pm.
The session will feature guest speaker, John Genakos, Vice President, Real Estate Development and Construction from MEDCO.
The Maryland Economic Development Corporation (MEDCO) is a quasi-public entity used to advance economic development projects by pooling together both public and private resources. They currently have issued $1 billion in bond financing, have 83 active projects across Maryland; one of those projects was the Odenton Garage at Odenton Station which was one of the stops on our Maryland tour.
The session is open to all, whether or not you participated in the RTA visit this summer. There is no cost to attend, although pre-registration is required. You can RSVP for this online meeting using this online registration link.
