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Economy | Tourism Economy | Tourism • Port Manatee 2045 Long Range Transportation Plan Objectives • Port Manatee is the region’s major seaport, generating more than $2.3 billion in annual economic impact Stimulate economy in and supports over 24,000 jobs. Improve access to enterprise or economic Maintain the regional • Piney Point Rd, west of US 41, is the major tourist entrance to Port Manatee and has development zones and freight network the highest percentage of truck destinations traffic at 36%. opportunity zones Sea Keeping freight moving is essential to the health of the regional economy. Sarasota/Manatee MPO 2017 Truck Travel Time Reliability • I-75 • I-75 has truck volumes ranging Truck Travel Time from 9% south of Laurel Road in Reliability is a measure Sarasota County to 15% north of the I-275 interchange in Manatee that rates the variability County. • Other freight corridors include US in travel time on the 301, University Parkway, I-275, and US 41 National Highway System (NHS). Truck Green roads have the most reliable travel times while roads in red experience fluctuations • CSX Railway in travel time, thus • Travels south from Hillsborough making them relatively County into Manatee County, traveling parallel to the west of US less reliable. 41 and I-75 and running adjacent to Port Manatee. • Seminole-Gulf Railway • Short line railway from SR 70 to just north of SR 72. FDOT Annual Average Daily Traffic (AADT) and Truck Volumes on Key Freight Corridors Rail Truck Percentage 36% 11% 12% 8% 6% Truck Volume 1,692 1,220 1,573 3,528 3,999 AADT 4,700 11,400 13,000 42,000 64,500 Piney Point Rd • Sarasota Bradenton Airport US 41 US 41 US 301 US 41/301 Facility (Port Manatee) • SRQ brings an annual economic North of South of South of DeSoto impact of $1.3 billion to the region West of US 41 and over 12,000 jobs are derived Location Port Manatee Port Manatee SR 70 Bridge from airport activity. Source: Florida Department of Transportation Online Traffic Data, 2019 The MPO supports FDOT statewide system performance targets for Economy Tourism 4-year Sarasota/ Sarasota/ Statewide Target Performance Measure Manatee Index Manatee Index (Jan. 1, 2018 to 2018 2019 Air Dec. 31, 2021) Truck Travel Time Reliability Index** 1.67 2.14 2.00 Note: Truck Travel Time Reliability (TTTR) for each time period and each segment on the Interstate System is calculated as the ratio of the 95th percentile travel time over the 50th percentile travel time. **Freight Reliability Measure: TTTR Index: The sum of maximum TTTR for each segment, divided by total Interstate miles. Source: NPMRDS, 2019 Economy | Tourism #1 freight generator in Sarasota/Manatee is Tourism. Photo courtesy of Bradenton Area Convention and Visitors Bureau Major League Baseball The barrier islands are the region’s number one tourist destination and freight Spring Training generator. Bridges are the only link for tourists, workers, and freight to reach the barrier islands from the mainland. Barrier Island Bridges Freight Annual Average Daily Traffic (AADT) Facility Location AADT* Truck Volumes Truck Percentage SR 789 Ringling Causeway 35,500 1,385 4% SR 72 Stickney Point Road Bridge 27,000 783 3% SR 64 Manatee Avenue Bridge 16,700 568 3% Atlanta Braves SR 684 Cortez Road Bridge 14,200 426 3% • CoolToday Park • North Port SR 758 Siesta Drive Bridge 16,600 647 4% *AADT = annual average daily traffic Source: Florida Department of Transportation Online Traffic Data, 2018 Major Freight Generators in Sarasota/ Manatee Region Health Care Government Tourism Distribution Agriculture Manufacturing and Social and Military Assistance Pittsburgh Pirates 18,500 55,700 • LECOM Park 5,910,300 employees acres of • Bradenton visitors in public vegetables sector 5,000+ 16,400 41,798 employees employees employees 57% 24,200 employed 51,300 jobs acres of by public citrus school districts Baltimore Orioles Sources: U.S.Census Bureau, Center for Economic Studies; Visit Sarasota; Bradenton Area Convention and Visitors Bureau • Ed Smith Stadium • Sarasota National Goal Federal Planning Factor • Improve national freight network, strengthen •Support the economic vitality of the rural communities’ access to national and metropolitan area, especially by enabling global international trade markets, support regional competitiveness, productivity, and efficiency economic development. •Enhance travel and tourism JUNE 2020 .
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