HomeMy WebLinkAboutFareInfoForTransitStudyFare Policy
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Existing Fare Structure
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Fare Type ICT Coralville ICT to Coralville Transfer
Compatibility?
Cash Fares
Adults $1.00 $1.00 YES
Youth (Age 5-18 = ICT, Age 5-15 = Coralville)$0.75 $0.75*No
Children under 5 FREE FREE YES
Saturday Family Fare $1 per family N/A No
Discounted Fares
Disabled/low-income elderly FREE (off-peak only)+FREE No
Elderly (Age 60+ = ICT, Age 65+ = Coralville)$0.50 (off-peak only)+FREE No
Medicare Card $0.50 (off-peak only)+0.50 (off-peak only)+No
SEATS card holder FREE (off-peak only)+FREE No
Passes
24-hour pass $2.00 N/A No
Single-ride ticket $1.00 $1.00 No
10-ride pass $8.50 N/A No
20-ride pass N/A $20 No
31-Day adult pass $32 $32 YES
31-Day youth pass $27 N/A No
Youth semester pass $100 N/A No
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Benefits of
Fare-Free
•Simplified administration
•Ridership and productivity increases
•Travel time and dwell time savings
•Achievements in livability and public
health objectives
•More repeat riders and mode share
shifts
•Increase in community recognition
and pride
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Fare-Free
Analysis
Summary
of Findings
If ICT intends to double ridership in 10 years,
adopting a fare-free policy is recommended as
the most cost-effective way to achieve that goal.
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Fixed-Route Paratransit
Projected Ridership
Increase 700,000 –1,000,000 19,000 –39,000
Additional Annual
Operating Costs $1.32 –$1.40 million $745,000 –$872,000
Additional One-Time
Capital Costs $2 –$4 million $300,000 -$900,000
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•Increase Ridership while Balancing Revenue Goals. ICT seeks to
double ridership in 10 years.
•Improve Passenger Experience. Simplifying fare pricing improves
the passenger experience and makes the fare payment process
more intuitive.
•Streamline Fare Structures and Policies. Look for opportunities for
fare integration and improved coordination between agencies.
•Make Transit an Affordable Option. Consider low-income and
disadvantaged populations.
ICATS Fare Analysis Goals
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Recommended Fare Structure
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Fare Type ICT Coralville ICT to Coralville Transfer
Compatibility?
Cash Fares
Adults $1.00 $1.00 Yes
Youth (Age 5-18)$0.50 $0.50 Yes
Children under 5 FREE FREE Yes
Saturday Family Fare N/A N/A N/A
Discounted Fares
Disabled/low-income elderly FREE FREE Yes
Elderly (65 years of older)FREE FREE Yes
Medicare Card FREE FREE Yes
SEATS card holder FREE FREE Yes
Passes
24-hour pass $2.00 $2.00 Yes
Single-ride ticket $1.00 $1.00 Yes
10-ride pass $8.50 $8.50 Yes
20-ride pass N/A N/A N/A
31-Day adult pass $32 $32 Yes
31-Day youth pass $16 $16 Yes
Youth semester pass N/A N/A N/A
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Estimated Impact of Fare Structure
Change
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•Iowa City Transit
o Youth
▪Youth cash fare to $0.50
▪Youth monthly pass to $16
o Eliminate Saturday Family Fare and Youth Semester Pass
o Allow seniors, people with disabilities, Medicare cardholders, and
SEATS cardholders to ride for free at all times of day
▪Raise senior eligibility to 65
▪Eliminate peak/off-peak fare distinction
o Offer inter-agency transfers for all fare types
•Coralville Transit
o Youth
▪Youth cash fare to $0.50
▪Adopt youth monthly pass at $16
▪Raise youth eligibility to 18
o Allow Medicare card holders to ride for free at all times of day
o Transition from 20-ride to 10-ride pass at $8.50
o Offer inter-agency transfers for all fare types
1.3%
-4%
-0.2%
1%
-6%
-4%
-2%
0%
2%
4%
6%
Recommended Scenario
ICT Ridership % Change ICT Revenue % Change
Coralville Ridership % Change Coralville Revenue % Change
19,000
-$55,000
-1,000
$2,000
-60,000
-30,000
0
30,000
60,000
Recommended Scenario
ICT Change in Ridership ICT Change in Revenue
Coralville Change in Ridership Coralville Change in Revenue