Archive for August, 2012


Happy Birthday to The Tide: Virginia’s First Light Rail System Marks One Year Milestone

The Tide marked one year of service to the City of Norfolk on August 19.

Of course, what birthday would be complete without gifts and birthday cake? In celebration of The Tide’s big day, the City of Norfolk presented the gift to its riders in the form of free rides on The Tide on August 17. Community members were also invited to enjoy cake at The Tide’s most frequented stop, the MacArthur Square Station.

From initial implementation, The Tide has surpassed all expectations nearly doubling first year projections by offering an average 5,040 weekday rides. The Tide runs 7.4 miles with stops from Eastern Virginia Medical Center complex east through downtown Norfolk and adjacent to I-264 to Newtown Road. Hampton Roads Transit projects that The Tide will reach its two millionth passenger in November.

As an integral player in the launching of the first light rail system in Virginia, we couldn’t be happier with the success of The Tide.  Randy Wright and Associates is dedicated to developing dynamic partnerships with civic-minded transportation professionals.  Let’s discuss how we can maximize your next urban transit project.

 

Tide Opening Dayimage credit: Norfolk District on flickr


Help Us Celebrate Global Friendship with the Tidewater Builders Association Charity House

Mark your calendar for August 29th as we celebrate global friendship. We are gathering to dedicate the Tidewater Builders Association Charity House to benefit the construction of The Global Friendship House at Old Dominion University. This residential facility will offer a community to students who travel from all over the world to study here and will also promote international friendships and understanding.

Official Dedication / Flag Raising
10:30 AM, Wednesday, August 29, 2012
East Beach, Norfolk, VA

Please RSVP to Mary Prier at mprier@tbaonline.org

Tidewater Builders Association Charity House Dedication flyer


Randy Wright & Associates Media Kit is Available Online

We are proud to announce that the RWA media kit is now available for public download. Visit the RWA Media Kit section of our website for details, viewing and download of the package. Also available in the media section are a listing of RWA press announcements, news articles, and RWA public relations contacts.

CLICK TO DOWNLOAD THE FULL MEDIA KIT

RWA Media Kit


The Father of Light Rail to Appear on WAVY-TV 10 with Andy Fox

Hampton Roads’ own Father of Light Rail will appear on the WAVY-TV news today at 5:30 PM. Tune your television to channel 10 in Hampton Roads to hear RWA President W. Randy Wright talk about such topics as:

  • The inception of the name, The Father of Light Rail.
  • The Tide ridership (2,900 per day predicted – 6,409 on Tuesday, 8/14).
  • Transit Oriented Development and the economic return for the City of Norfolk.
  • Introduction of the new Randy Wright & Associates website at http://randywrightassociates.com.

WAVY-TV 10


The Father of Light Rail to Appear on The Tony Macrini Show

Hampton Roads’ own Father of Light Rail will appear on the Tony Macrini radio show Thursday, 8/16, at 8:30 AM. Tune your radio to WNIS AM790 to hear RWA President W. Randy Wright talk about such topics as:

WNIS AM790


Randy Wright & Associates President will be attending a roundtable discussion with Congressman Randy Forbes hosted by Retail Alliance

W Randy Wright to Attend Congressman Randy Forbes Roundtable

Randy Wright & Associates President will be attending a roundtable discussion with Congressman Randy Forbes hosted by Retail Alliance.

CHESAPEAKE VA, AUGUST 9, 2012: RWA President, W. Randy Wright, will be attending the upcoming roundtable discussion hosted by Retail Alliance in Chesapeake, VA. The event will be an open discussion on Federal online sales tax collection legislation and an opportunity to talk directly with Congressman Randy Forbes (R-VA-04). Congressman Forbes serves on The Judiciary Committee and the Committee on Armed Services in the U.S. House of Representatives.

Mr. Wright will be attending the event as a local Hampton Roads business owner and will be sharing his perspective on how related legislation affects Randy Wright & Associates. “I am very pleased to represent small business interests at the roundtable discussion hosted by Congressman Forbes,” said Mr. Wright. “Of primary note is a discussion on Federal online tax collection legislation. All of us have concerns regarding the impact of massive defense cuts.”

Roundtable Meeting with Congressman Forbes
August 13, 2012, 9:00 AM, Terebinth: Patisserie & Bistro, 717 Eden Way N, Ste. 610, Chesapeake, 23320
RSVP: Sarah Kingsley, (757) 455-9324, skingsley@retail-alliance.com

ABOUT RANDY WRIGHT & ASSOCIATES
Randy Wright & Associates is a development, transportation, and government relations consulting firm focused on public/private finance and land planning. The firm provides a unique range of services to builders, developers, and municipalities by joining together the experience of finance options and government contacts. The consultants at RWA have experience in residential, commercial and urban development projects in Virginia and across the United States. For more information on Randy Wright & Associates, visit http://randywrightassociates.com.

Media and interview requests for W. Randy Wright and Randy Wright & Associates should be directed to JASE Group LLC at http://randywrightassociates.com/media/rwa-public-relations-contacts for scheduling.

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Senate Finance Committee Passes Tax Extenders Package – Alternative Fuels Tax Credit

Press release source: APTA

SENATE FINANCE COMMITTEE PASSES TAX EXTENDERS PACKAGE; RESTORATION OF ALTERNATIVE FUELS TAX CREDIT AND PARITY FOR TRANSIT BENEFITS PROPOSED FOR 2012 AND 2013

Today the Senate Finance Committee passed bi-partisan legislation that, if enacted, would extend a long list of expired and expiring tax provisions commonly known as “extenders,” including transit commuter benefits and the alternative fuels tax credit. The bill passed the committee by a vote of 19-5.

Transit Commuter Benefits – The current extenders proposal provides parity between transit and parking benefits at $240 per month through December 31, 2013. The maximum monthly level allowed for pre-tax or tax free transit commuter benefits was reduced from $230 to $125 per month on January 1, 2012 when Congress failed to extend the higher amount. Transit commuters across the country have been significantly impacted as many transit systems were forced to raise fares during the same time frame that transit benefits were reduced. The maximum monthly parking benefit increased in 2012 to $240 per month at the same time transit benefits were reduced.

The provision is also extended retroactively to January 1, 2012. According to the Joint Committee on Taxation, “in order for the extension to be effective retroactive to January 1, 2012, expenses incurred prior to enactment by an employee for employer-provided vanpool or transit benefits may be reimbursed by employers on a tax-free basis to the extent they exceed $125 per month and are less than $240 per month, but only to the extent that such amount has not already been excluded from such employee’s taxable compensation.” Retroactive application of this benefit will be challenging, but this is a good policy step to have the parity level maintained in consecutive years.

Alternative Fuels Tax Credit – The bill passed by the Senate Finance Committee today would extend the alternative fuels tax credit through December 31, 2013 and also make the credit retroactive to January 1, 2012 – its previous expiration date. The tax credit provided a rebate to transit providers that fueled all or some of their fleet with Compressed or Liquefied Natural Gas (CNG/LNG). The expiration of the alternative fuels provision eliminated tens of millions of dollars in revenue for transit agencies across the nation that are struggling to meet operating budgets. Additionally, the credit served as a strong incentive for agencies to move to the clean burning fuel at a time when domestic energy independence remains an important national goal.

Additionally, the tax extenders package also includes the vehicle refueling property tax credit ($30,000 or 30%). This provision makes available a 30-percent credit for the cost of installing qualified clean-fuel vehicle refueling property to be used in a trade or business of the taxpayer or installed at the principal residence of the taxpayer. The credit may not exceed $30,000 per taxable year. Generally, in the case of qualified refueling property sold to a tax-exempt entity (including transit agencies), the taxpayer selling the property may claim the credit, but this can result in a reduced cost to the transit agency.

When this week concludes, Congress will adjourn for the August District Work Period. It is unclear at the moment whether the full Senate will consider the bill when it resumes its work in September, and ultimately the House of Representatives will need to act, before the legislation can be finalized.

For questions on these issues, please contact Brian Tynan of APTA’s Government Affairs Department at (202) 496-4897, or btynan@apta.com.

APTA logo





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