Quote:
Originally Posted by M1EK
You're reaching, big-time. Local money needs to be involved in the city's urban rail program - but Capital Metro has already spent about all the local money that would normally be available for transit capital projects. Additionally, there's little indication that this streetcar money will be large enough or go far enough to be a real alternative to the normal process.
Nice try, Dave.
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Dave's not here. You may refer to me by SAM or Sir; anything else is unacceptable.
The City is planning a bond election this fall to fund the first phase of urban rail. The City has much greater bonding capacity than Cap Metro. The idea is to use the first phase investment as a local match for future expansions, just like Houston did. Cap Metro might be able to do the same with the Red Line under the more flexible funding environment. There might also be another round of ARRA Stimulus Funding coming, and the Transportation Reauthorization is more than a year overdue. Cap Metro has already received $5.6 M in Stimulus Funds to add passing tracks at key locations on the Red Line that will facilitate more frequent service.
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