Memorandum — Report on the Transportation Partnership Opportunity Fund (September 16, 2022)
Summary
This is a September 16, 2022 memorandum from W. Sheppard Miller III, Secretary of Transportation, to committee chairs, reporting on the Transportation Partnership Opportunity Fund ("TPOF") for the period ending December 31, 2021. It describes an application from the Economic Development Authority of New Kent County requesting $2,000,000 for a roadway extension, and one from the Economic Development Authority of Stafford County requesting $1,392,000, for road improvements to Wyche Road. It states that forty-seven applications related to thirty-seven separate projects have requested a total of $223,926,454 in TPOF assistance, and that the Fund has an uncommitted balance of $5,792,788. An attachment lists awards by recipient, project, amount and status.
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“Memorandum — Report on the Transportation Partnership Opportunity Fund (September 16, 2022).”
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COMMONWEALTH of VIRGINIA
Office of the Governor
W. Sheppard Miller JII
ercti1ry of Tr;mspurt;nion
September 16, 2022
MEMORANDUM
TO: The Honorable Barry D. Knight, Chair, House Appropriations Committee
The Honorable Roxann L. Robinson, Chair, House Finance Committee
The Honorable Terry L. Austin, Chair, House Transportation Committee
The Honorable Janet D. Howell, Chair, Senate Finance and Appropriations
The Honorable David W. Marsden, Chair, Senate Transportation Committee
FROM: W. Sheppard Miller III
Secretary of Transportation ,,
'<:::T'lf
SUBJECT: Report on the Transportation Partnership Opportunity Fund
Pursuant to Section §33.2-1529.1 of the Code of Virginia, the Governor is required to submit semiannual
reports on the Transportation Partnership Opportunity Fund ("TPOF" or the "Fund"). This memorandum
and the related attachment constitutes that report on behalf of Governor Youngkin for the period ending
December 3 I, 2021.
During this reporting period of July I, 2021 to December 31, 2021, the TPOF program experienced the
following activity:
• Economic Development Authority of New Kent County submitted an application requesting
$2,000,000 to assist in constructing a roadway extension in support of an economic development
project that is building a new warehouse and distribution facility. The Governor announced that
AutoZone will invest $185.2 million to construct an 800,000 square foot distribution center and
direct import facility, creating 352 full-time jobs. The application is under review by the
Department of Transportation ("VDOT").
• Economic Development Authority of Stafford County submitted an application requesting
$1,392,000 to fund road improvements to Wyche Road in support of DHL's new distribution
center. The Governor announced that the company will make an investment of $72 million and
create 577 full-time jobs. The application is under review by VDOT.
As of December 31, 2021, forty-seven applications related to thirty-seven separate projects, have been
received requesting a total of $223,926,454 in TPOF assistance. Governors have approved awards totaling
$101,916,840 and a total of$332,500,000 was directed by Budget language. The Fund has an
uncommitted balance of$5,792,788.
P;,mck Henry Bu11tlmg • 1111 Ease Bro,tll Street• Richmond, Virginia 23219 • (80-i) 786-8032 • TTY (800) 828-1 !ZO
The Honorable Barry D. Knight
The Honorable Roxann L. Robinson
The Honorable Terry L. Austin
The Honorable Janet D. Howell
The Honorable David W. Marsden
September 16, 2022
Page2
To date, the Fund has been capitalized in the amount of$441,348,890 from the following:
• $23,600,000 and $26,400,000 from the Toll Facility Revolving Account and from the Highway
Construction Fund, respectively, pursuant to Chapter 95 l of the Acts of Assembly of2005;
• $305,000,000 pursuant to Chapter 847 ofthe Acts ofAssembly of2007 and Chapter 780 of the
Acts of Assembly of2016;
• $50,000,000 made available July I, 2011 from the Commonwealth Transportation Fund
pursuant to Item 452 H. of Chapter 890 of the Acts of Assembly of 2011.
• TPOF is provided with one-third of all interest, dividends, and appreciation that may accrue to
the Transportation Trust Fund and the Highway Maintenance and Operating Fund pursuant to
Chapter 1230 of the Acts of Assembly of 2020. Through December 3 I, 202 I, TPOF has
received $36,348,890 in interest earnings.
The $305,000,000 contribution, as outlined by Chapter 847 of the 2007 Acts of Assembly and Chapter 780
of the 2016 Acts of Assembly, was for specific projects while the remaining $ I 00,000,000 and interest
earnings may be used for any eligible applicant and project. The body of this report focuses on the use of
the $ I 00,000,000, interest earnings to the fund and the dedicated revenue beginning in 2015. The
attachment provides a summary and overview of the fund in its entirety as of December 31, 2021.
The Fund is one of many tools available to market the Commonwealth to prospective economic
development partners. Please let me know if I can provide additional information regarding these projects
or the use of the Fund.
cc: The Honorable Caren Merrick, Secretary of Commerce and Trade
The Honorable Stephen E. Cummings, Secretary of Finance
Attachment
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
The table below summarizes the awards to date and the remaining balance form the $100 million in capitalization as of December 31,
2021.
Capitalizations
July I, 2006 $50,000,000
July I, 2011 50,000,000
Interest Earnings 36,348,890
Total Funding Available $136,348.890
Type of
Project Amount Award Date Eligibility Criteria
Assistance
VDOT-CFX $1,772,740 Grant 4/28/2006 PPTA Project
City of Newport News 5,000,000 Grant 8/22/2006 Economic Development
State Route 28 HTIDC 5,000,000 Grant 8/22/2006 PPTA Project
Town of Leesburg 5,000,000 Grant 2/12/2007 Design-Build Project
County of Prince George 10,000,000 Grants 5/19/2008 Economic Development
4/3/2008 and
VDOT - CFX (Hawks Nest) 9,892,200 Grants PPTA Project
2/25/2009
County of Loudoun 3,000,000 Grant 5/3/2010 Design-Build Project
County of Accomack 3,250,968 Grant 9/30/2010 Economic Development
Virginia Comm. Space Flight Authority 5,000,000 Grant 9/15/2011 Economic Development
City of Winchester 47,533 Grant 12/20/2011 Economic Development
I l/14/2011
Virginia Comm. Space Flight Authority 10,000,000 Grants and Economic Development
12/7/2012
County of Rockingham 5,000,000 Grant 6/5/2012 Design•Build Project
County of Prince William 4,978,062 Grant 6/5/2012 Design-Build Project
Virginia Comm. Space Flight Authority 5,000,000 Grant 1/25/2013 Economic Development
Virginia Comm. Space Flight Authority 5,000,000 Grant 2/5/2013 Economic Development
Department of Aviation 151,085 Grant 2/13/2013 Economic Development
County of Accomack 4,000,000 Grant 7/26/2013 Design-Build Project
County of Giles 724,878 Grant 7/26/2013 Economic Development
Rt. 28 HTJDC 5,000,000 Grant 7/26/2013 PPTA Project
EDA of Newport News 1,000,000 Grant 1/5/2015 Economic Development
City of Richmond• 950,000 Grant 1/11/2018 Economic Development
1/11/2018
County of Frederick 1,169,602 Grant Economic Development
and 8/1/2018
Virginia Port Authority 5,000,000 Grant 10/4/2018 Transportation Service
Virginia Comm. Space Flight Authority 5,000,000 Grant I 1/13/2018 Economic Development
Virginia Comm. Space Flight Authority 7,500,000 7/1/2020 Chapter 1289 ltem431 (a}(b)
Transportation Initiatives 20,000,000 7/1/2020 Chapter 552 llem 447.10 (b)
City of Hampton 979,772 Grant 1/11/2021 Economic Development
Total Awards $129,416,840
Reductions** 1,139,262
Available for Award $5,792,788
*Grant agreement pending
••FY 2009-2021 Indirect Costs and Governor's FY 20 IO Operational Efficiencies Reduction
Attachment: Transponauon Pannersh1p Opponumly Fund (TPOF) Seim-annual Repon
Period Endmg December JI, 202 l Page I of7
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
The following identifies the recipients, the projects and the awards made, and the actions taken from TPOF, along with their current status:
Awards/Projects with Financial Close
Type of Date of
Recipient Project Location Assistance Amount Award Status
Buchanan, Wise Grant is fully disbursed, Grant
VDOT Coalfields Expressway and Dickenson Grant $1,772.740 4i28!2006 awarded was $2,000.000. Final
Counties grant amount was $1,772,740.
State Route 28
Highway Rt. 28 Corridor Loudoun and
Grant 5,000,000 8,•'22!2006 Grant is fully disbursed.
Transportation District Improvements Fairfax. Counties
Conunission
Economic Grant was amended in August
D eve I opment Auth ont. y Canon Virginia, Inc. City of Newport
2019 and work is ongoing. Work
Economic Development News and County Grant 5,000,000 8/22.12006
o f t h e C'tty o f N ewport is complete and grant is fully
p roJ.ect of Gloucester
News disbursed.
Town of Leesbur& Battlefield Parkwar Town of LeesburSc Grant 5,000,000 2ll 2/2007 Grant is fullr disbursed.
Grants are fully disbursed.
Buchanan, Wise 2 Grants- 4/312008
Coalfields Expressway Grants awarded was
VDOT and Dickenson $5,000,000 9,892,200 and
Hawks Nest Section $ I 0,000,000. Final grant amount
Counties each 2125/2009
was $9,892,200.
2 Grants- Grants arc fully disbursed.
County of Prince Rolls-Royce Economic County of Prince
$5,000,000 10,000,000 5/1912008 Investment of$100 million and
George Development Project George
each creation of 170 jobs.
County of Loudoun Pacific Boulevard County of Loudoun Grant 3,000,000 93.12010 Grant is fully disbursed.
Mid-Atlantic Regional Grant is fully disbursed. Grant
County of
County of Accomack Spaceport (MARS) Grant 3,250,968 9/30/2010 awarded was $3,427,412. Final
Accomack
Orbital Sciences Corp. grant amount was $3,250,968.
Virginia Commercial
County of
Space Flight Authority MARS Grant 5,000,000 9,')5!2011 Grant is fully disbursed,
(VCSFA) Accomack
Virginia Commercial 2 Grants- l lfl412011 Grants are fully disbursed.
County of
Space Flight Authority MARS $5,000,000 10,000,000 and Investment of$45+ milhon and
(YCSFA) Accomack
each 12m2012 creation of 500 jobs.
The City was unable to complete
Monticello Drive original project due to ROW
Expansion- issues. Grant amount 1s
City of Winchester City of Winchester Grant 47,533 12120/2011
Rubbennaid Products eqmvalent to the first
p
ex ansion disbursement made in good faith
of award.
Harrisonburg Southeast County of
County of Rockingham Grant 5,000,000 6/5/2012 Grant is fully disbursed.
Connector RockinJ!;ham
2 Grants-
County of Prince USMC Heritage Center County of Prince $2,242,350 Project is complete. Final grant
4.978,062 6i5t2012
William Improvements William and amount was $4,978,062.
$2,735,712
Anachment. Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
Period Ending December 31 , 2021 Page 2 of7
Attachment
Virginia Commercial
County of Loan has been converted to a
Space Flight Authority MARS Grant 5,000,000 112512013
Accomack grant. Grant is fully disbursed.
(VCSFA)
Page Total $72,941.SOJ
Anachmenl: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
Period Ending December 31, 2021 Page 2 of 7
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
Awards/Projects with Financial Close - Continued
Type or Date of
Recipient Project Location Assistance Amount Award Status
Virginia Commercial
County of
Space Flight Authority MARS Grant $5,000,000 2/Si2013 Grant is fully disbursed
Accomack
(VCSFA)
Grant is fully d1sbursed.
Grant awarded was
Department of Aviation Emporia City of Emporia Grant 151.085 2113/2013
$162,210. Final grant
amount was $151,085.
County of
County of Accomack Wallops Research Park Grant 4,000,000 7126f2013 Grant is fully disbursed
Accomack
County of Giles Celanese Acetate Count of Giles Grant 724,878 712612013 Grant IS fully disbursed.
State Route 28 Highway
Route 28 bridge
Transportation Loudoun and
widening over the Grant 5,000,000 7/26/2013 Grant is fully disbursed.
Improvement District Fairfax Counties
Dulles Toll Road
Commission
Economic Development City of Newport
Authority of the City of Liebherr Expansion News and Grant 1,000,000 1/512015 Grant is fully disbursed.
Newport News Hampton
Work is complete. Grant
1/11/2018
Navy Federal Credit awarded was S 1,290,000.
County of Frederick Frederick County Grant 1,169,602 and
Union Expansion Final grant amount is
8/01/2018
$1,169,602.
Virginia Commercial Rocket Lab- Venture Work is underway. Grant is
Accomack County Grant 5,000,000 l 1/13/2018
S(!ace Flight Authority Class Launch Pad fully disbursed.
Operation of second
barge service at
Virginia Port Authority City of Richmond Grant 5,000,000 10!'4/2018 Grant is fully disbursed.
Richmond Marine
Terminal
Grant agreement was entered
Economic Development
into in June 202 l .
Authority of the City of Project Enterprise City of Hampton Grant 979,772 l/11/2021
Disbursements made in the
Hampton
amount of $979,680.78.
Financial Close Total $I00.966.840
Awards/Projects Pending Financial Close
Type of Date of
Recipient Project Location Amount Status
Assistance Award
Decision brief was signed by
City of Richmond Stone Brewery Phase II City of Richmond Grant 950,000 Ill 1/2018 Governor McAuliffe.
Agreement is pending.
Pending Financial Close Total $950,000
TOTAL A WARDS APPROVED BY THE GOVERNOR $101,916,840
Attachment: Transportation Partnership Opportunity Fund (TPOI') Semi-annual Report
Period Ending December 3 1 . 2021 Page 3 of7
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
Funding Initiatives
Funding to Virginia Commercial Space flight Authority to provide assistance for $7,500,000 Appropriated m ltem431 A. and B. of Chapter 1289
construction of a hangar for unmanned vehicle operations and to support the (2020 Appropriation Act), Effective July\, 2020.
development of an improved launch team maintenance facihty complex
Funding for various Transportation Initiatives 20,000,000 Appropriated in Item 447.10 B of Chapter 552 {202 l
Special Session Appropriation Act}, Effective July I,
2021.
Funding Initiatives Total $27,500,000
TOTAL AWARDS.' FUNDING PROVIDED BY FUND $129,416,840
Awards/Projects Unable to Reach Financial Close
Type of Date of
Recipient Project Location Assistance Amount Award Status
TPOF loan could not be executed in
accordance with the business areement
Spotsylvania, between VDOT, Fluor and Transurban at
Flour Virginia, Inc
Stafford. Prmce the preliminary staie of project
and Transurban USA 1-95/1·395 HOT Lanes Loan $ l 0.000,000 8/22/2006
William and development under TPOF's statutory
Development, Jnc.
Fai1rfax Counties requirements. A State Infrastructure Bank
(SIB) loan was approved for the project
and repaid at closing.
Wolseley Economic City of Newport Due to the decline in the economy the
City of Newport News Grant 2,700,000 81221'2006
Development Project News plans for expansion were suspended.
Buchanan, Wisc 2 Grants- 4/1112007 Project was unable to receive FHWA
Coalfields Expressway
VDOT and Dickenson $5,000,000 10.000.000 and approval and the funds have been
Rockhousc Section
Counties each 2125/2009 rescinded.
Project has become eligible for 100%
Coalfields Expressway Buchanan, Wise 2 Grants-
federal funding. TPOF funds have been
VDOT and U.S. Route 460 and Dickenson $5,000,000 10,000.000 8/12/2011
rescinded since they were no longer
Connector Counties each
needed.
Grant returned Economic Development
1-95' Willis Road Chesterfield
Chesterfield County Grant 5,000.000 8,I J6i'20l6 project withdrawn. no longer eligible for
Interchange County
TPOF.
Renaissance Drive Grant Returned Scope of project changed
County of Frederick Frederick County Grant 1,995,682 3/1/2017
Extension and TPOF was no longer needed.
Unable to Reach Financial Close Total S39.695.682
Awards/Projcels Not Receiving Award
Type of
Recipient Project Location Assistance Amount Status
County of Southeast Connector County of Grant $4,980,938 The proJect was denied award due to ARRA funding
Rockingham Rockingham received for Port Republic Road in the area,
City of Virginia Beach Atlantic Avenue City of Virginia Grant 2,497,000 The fund was not open to applications at the time of
Beach submittal.
City of Virginia Beach Atlantic Avenue City of Virginia Grant 2,744,000 The project was denied award because City-controlled
Beach state transportation funds were available for the proJect
and TPOF cannot be used to supplant existing or
programmed funds.
Not Receiving Award Total $10,221.938
Attachment: Transportation Partnership Opportunity Fund ITPOF) Semi-annual Rport
Period Endrng December 31. 202 l Page 4 of7
Allachmcot
Att1dunrn1 Tf3ns('IOrtation f>4Cfncrsl:up Oppor1wuty F'und (Tf>O, cnu-anno:.t Jtcport
Period UnJini: Oe(;ffl'fbcr 31. 2021 P,i:•4of7
Attachment
Awards/Projects Not TPOF Eligible
Type of
Recipient Projeet Location Assistance Amount Status
The project did not meet
Virginia Port Western Freeway Rail Commonwealth of Transportation or Economic
Grant $4,800,000
Authority Relocation Virginia Development Evaluation
Criteria.
There were several statutory
Capital Region
Holliday Properties County of Hanover GrMt 5,000,000 conflicts with the application
Center
and . roject.
There were several statutory
The Olde Dominion conflicts with the applicatmn
Old Domimon Ag County of
Agriculture Grant 300,000 and proJect. Other funding
Complex Pittsylvania
Foundation, Inc has been identified for the
project.
The Route 28
Rt. 28 Corridor
Highway The project did not meet the
Improvements- Loudoun and
Transportation Grant 5,000,000 Economic Development
Northbound Fairfax Counties
Improvement District Criteria
Widening
Commission
The project did not meet the
County of Prince Commuter Parking County of Prince
Grant 5,000,000 Economic Development
William Garage William
Criteria.
Not Eligible Total S2ll, 1llll,llllll
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
Period Ending December 3 I, 2021 Page 5 of7
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
Chapter 847 of the Acts of Assembly of 2007 and Chapter 780 of the Acts of Assembly of 2016
Item 449.IO and Item 453 G- $305,000,000 Appropriation
Through Item 449.10 of Chapter 847 of the Acts of Assembly of 2007, $305,000,000 was allotted to TPOF out of the $500,000,000 for the 2007
Transportation Initiative (the "Initiative"} projects.
In 2008, the General Assembly, through Item 462 of Chapter 879 of the Acts of Assembly of 2008, reappropriated S 180,000,000 of the
SS00.000,000 back lo the Commonwealth of Virginia's General Fund. To substitute for these monies, Item 459 H. of Chapter 879 of the Acts of
Assembly of 2008 authorized the issuance of S 180,000,000 of Capital Projects Revenue bonds
Item 453 G of Chapter 780 of the Acts of Assembly of2016 dedicated the $31,070,647 that was remaining from the previous allocation to Road
Improvements at military installations and improvements at interstate rest areas throughout the Commonwealth.
Item 437 C and Item 4-1.03 of Chapter 836 of the Acts of Assembly of2017 dedicated the any funds deposited pursuant to Item 4S3 G.2 of Chapter
836 of the Acts of Assembly of 2017 to fund additional facilities at Mid-Atlantic Regional Spaceport.
The following are the 2007 TPOF's Initiati\·e projects receiving award and their status:
Project Grant Amount Location Status
1-495 Capital Beltway HOT Lanes $157,207,586 Northern Virginia Grant is fully disbursed.
Route 58 Hillsville Bypass 77,000,000 Town of Hillsville Grant is fully disbursed.
Route 50 Widening 14,721,767 County of Fairfax Grant is fully disbursed.
The funds were paid out in August 20 11
based on the grant agreement with the City.
Norfolk Southem Corporation (NSC) · Chy of Virginia The funds were retumed in March 20 l 7
20,000,000
Right-of-Way Acquisition Beach because the project did not advance and
repayment was required. See Chapter 836
(2017), Item 453 G. I.
County of
1-295/Meadowville Interchange 5,000,000 Grant is fully disbursed.
Chesterfield
Total $273,929,353
The remaining projects identified for funding through the 2007 Initiative and their respective status follow:
Project Location Status
Environmental Impact Statement It was detennined that the project did not qualify for TPOF and other funds were
County of Frederick
(EIS) for Route 37 . Eastern Bypass identified to perfonn EIS.
1-64/1-264 Interchange A mutual agreement was reached between the City and the Secretary of
Transportation to fund the NSC ROW acquisition at $20,000,000 instead of the I
City of Virginia Beach 64/1-264 Interchange. The funds were paid out in August 2011 based on the
grant agreement with the City. The funds were returned in March 2017 because
the project did not advance and repayment was required.
Anachment; Transportation Partnership Opportunity Fund (TPOF) Sem1,annual Report
Period Ending December 3 I , 2021 Page 6 of7
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
ActivitytAward Details to Date
The following table summarizes the current awards from the $305,000,000 appropriation:
Capitalization $305,000,000
Project Grant Amount Type of Assistance Eligibility C ritcria
1-495 Capital Beltway HOT Lanes $157,207.586 Grant PPTA Project
U.S. Route 58 - Hillsville Bypass 77,000,000 Grant PPTA Project
U.S. Route 50 Widening 14,721,767 Grant Design-Smid Project
NSC Right-of-Way Acquisition* 0 Grant Per FTA Requirements
1-295/Meadowville Interchange 5,000,000 Grant Design-Build Project
Road Improvements to military Item 453, G. of Chapter 780, 2016
23,1 IO,OOO Grant
installations Acts of Assembly
Item 453, G. of Chapter 780, 2016
Improvements at interstate rest areas 7,960,647 Grant
Acts of Assembly
Item 43 7, C. of Chapter 836, 2017
Mid-Atlantic Regional Spaceport 20,000,000 Grant
Acts of Assembly
Total Awards $305,000,000
Authorization Balance $0
*See Norfolk Southern Corporatmn Right-of-Way Acquisition un page 6
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
Period Ending December 31. 2021 Page 7 of7
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