Quote:
Originally Posted by electricron
You're correct, ATP is the big dog in town now. For how long? What happens when delays and cost overruns occur, can ATP generate more debt than planned? Or will they look at what CapMetro could contribute? Today, CapMetro is debt free, but that does not mean it will be in the future. Far easier to get that short $1 Billion from CapMetro than have another election to give ATP more money.
Even afterwards, who is going to be expected to fund all the operations and maintenance costs in the future, you know the non capital expense budget items? The idea that CapMetro will get through this excpansion without additional debt seems foolish. Maybe not $8 Billion, but maybe $800 million, or $80 million?
If you wish to opt out, now is the time to do so.
|
Prop A (I.e. Austin’s prop A) funds operations and maintenance. That’s always been the plan.
There’s 0 advantage to having CapMetro borrow money instead of ATP. They’re both in the same position of being completely revenue fixed. Neither is like the city where they can raise tax rates to cover additional debt.
Threaded Mode