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<br />enhance the efficiency of freight operations. These costs are generally a small share of the . <br />total capital expenditures required to implements commuter rail service. This leaves tax <br />revenues or bond proceeds generated at the state and local level as the most common sources <br />of capital funding for new-start commuter rail systems. <br /> <br />Table 1 summarizes sources of initial capital funding for each of the peer group commuter <br />rail systems. The cost of rail right-of-way for systems where track was purchased from freight <br />railroads (including more right-of-way than required for the commuter rail service in some <br />cases) is not included in the initial capital costs to improve comparability among systems, and <br />because right-of-way purchase is not expected for the Northstar Corridor. <br /> <br />Table 1: INITIAL CAPITAL FINANCING SOURCES <br />System Federal State Local <br />North Coaster <br />San Diego, CA 0% 53% 47% <br />Tri-Rail <br />Miami, FL 19% 75% 6% <br />Virginia Railway Express <br />Washington, DC 1% 17% 82% . <br />Trinity Railway Express <br />Dallas, TX 24% 0% 76% <br />Seattle Sounder <br />Seattle. WA 13% 0% 87% <br />(1) Costs associated with right-ot-way acquisition not included. <br />(2) Figures derived trom SEMCOG commuter rail study, 1996 <br />and agency contacts. All percentages are approximate. <br /> <br />San Diego North Coaster <br /> <br />The Coaster has been operated between downtown San Diego and Oceanside, California, <br />since 1995 by a county public authority, the North San Diego County Transit District <br />(NCTD). The Coaster runs on a single-track freight line purchased for more than $400 <br />million from the former Santa Fe Railroad as part of a larger right-of-way acquisition shared <br />with the Los Angeles Metrolink service. The 43-mile line serves 8 stations. I <br /> <br />Of approximately $150 million (1995 dollars) in development costs not including right-of- <br />way acquisition, $70 million was derived from a 1987 ballot initiative creating a Y2-cent <br />regional sales tax to fund commuter rail and other transportation projects in San Diego. <br />General-obligation bonds authorized by a statewide public referendum in 1990 to fund right- . <br /> <br />Northstar Commuter Rail Feasibility Study <br />March 23. 1999 <br /> <br />9-2 <br />Financial Analysis <br />