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West San Leandro Shutle Business Improvement District Annual Report FY 2023-24 Page | 7 san leandro Leandro BART Sta�on, where both routes meet. The configura�on allows for a one-seat ride from any stop to any stop on the route for customers without having to transfer between vehicles. Headway �me is saved by reducing the dwell �me between loops. With the Dual Loop services, buses run every 30 minutes rather than every 20 minutes. This alterna�ve provides the most service under projected funding levels, reduces opera�onal costs by approximately 50% with only a 10-minute decrease in shutle frequency and allows for expansion in service if new funding is iden�fied. There is no change to shutle stops, service area or opera�ng hours. Average daily ridership dropped from 771 in February 2020 to a low of 200 in April. Since then, ridership steadily increased with average daily ridership in June 2022 of 518 rides or 71% of pre-Covid levels. LINKS ridership rebounded much more quickly during 2020 and 2021 than large transit operators such as AC Transit and BART. LINKS ridership during Covid demonstrated that the LINKS Shutle provides essen�al transporta�on to San Leandro businesses, employees and the community. As an�cipated with the reduc�on in service vehicles and headway, with the implementa�on of the Dual Loop configura�on came a reduc�on in ridership. At the end of FY 22-23 ridership was averaging 350 rides per day. This represents a 50% pre-pandemic recovery, a trend consistent with BART’s recover levels. LINKS Budget Funding for LINKS comes from the BID, grants, the City of San Leandro and adver�sing revenue from Marina Square Shopping Center, in which they purchase adver�sing space on the LINKS buses. 2022 Alameda CTC CIP Grant (Vehicle Registra�on Fees & TFCA) - $1,180,088 The SLTMO received a 2022 Alameda CTC CIP grant for the periods FY 2021-22 through FY 2025-26 in the amount of $1,180,088. Although the full grant request was allocated, the matching requirement for this grant cycle went from 50% to 75% reducing the allowable request and significantly impac�ng the LINKS budget for the next five years. 2024 Alameda CTC CIP Grant (Measure BB & TFCA) - $331,000 In May 2023, the Alameda CTC the SLTMO’s applica�on for FY 2026-27 and 2027-28 CIP grant funds (Measure BB & TFCA) in the amount of $331,000. The agreements are pending. Business Improvement District Revenue BID revenue declined significantly year over year in 2020 but 2021, 2022, and 2023 revenue has increased back to pre-Covid levels of approximately $400,000. Projected Budget Deficit The SLTMO projected a budget deficit beginning in FY 2022-23 as a result of: • New Alameda CTC matching requirements that limit the allowable grant request. • Unpredictable drop in BID revenue. • Projected transporta�on cost increases. Budget Reduc�on – Service Modifica�on Implementa�on of the Dual Loop configura�on provides the most service under projected funding levels and reduces opera�onal costs by approximately 50% with the goal of stabilizing LINKS funding for the next five years.