Innovative Agreement to Provide up to $7.36 Million for Public Transportation in Central Florida

ORLANDO, Fla. , April 24, 2008 – An innovative agreement announced today between the Florida Department of Transportation (FDOT), Walt Disney World Resort (WDW) and the Central Florida Regional Transportation Authority (LYNX) will result in as much as $7.36 million in funding to increase transportation options for Central Florida workers.  

“This five-year agreement gives us the resources to expand our services for Central Floridians and the 50 million annual visitors to our area who rely on LYNX to get to work or play everyday,” said LYNX Chief Executive Officer Linda S. Watson. “This is another good example of how the public and private sectors can work together to enhance transportation options in our region.”  

This agreement will allow LYNX to utilize approximately $4.86 million in funds paid to FDOT by WDW for mitigation of traffic impacts due to development. Additionally, WDW will contribute $1.25 million to LYNX over the next five years ($250,000 per year) for continuation of a match to the federal Job Access Reverse Commute Grant (also $250,000 per year over the next five years). LYNX will use this combined $7.36 million to improve operations and maintenance efforts throughout Central Florida with new routes and increased frequency on existing ones.   LYNX intends to leverage these funds wherever possible for additional federal, state, or other funding opportunities to bring additional revenue to LYNX.    

“We are incredibly proud to be able to work so closely with these two organizations and we look forward to seeing the benefits come to life for many Central Floridians – including our 62,000 Cast Members – over the next several years,” said Walt Disney World Vice President of Operations Mark Rucker. “We recognize that accommodating transportation needs in our community is not the sole responsibility of government and we’re pleased to participate.”  

This agreement will have no cost to LYNX, nor any local funding requirements.