Quote:
Originally Posted by M1EK
electricon, you have no idea what you're talking about. How many times do you have to be proven wrong before you stop asserting things about this project?
CM returned 1/4 of their sales tax revenue to their local governments for many years after the 2000 election, and counted on 50% from the Feds, among other things. This is not the first time I've mentioned the 50% federal contribution (as opposed to squat for commuter rail).
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50% contribution from the Feds? I don't think that's happen since the last Bush took office, over 8 years ago. Around 40% is what the Feds provide today. For almost a $Billion project, CapMetro would have received around $400 million, not the $500 million they wiished.
Here's the Federal New Starts funding that was set in 2006.
AZ, Phoenix, Central Phoenix / East Valley Light Rail -
41.5%
The total project cost under the FFGA is $1,412.12 million. The Section 5309 New Starts funding share is $587.20 million.
CA, Los Angeles, Metro Gold Line Eastside Extension -
54.5%
The total project cost under the Full Funding Grant Agreement (FFGA) is $898.81 million. The Section 5309 New Starts funding share is $490.70 million.
CO, Denver, Southeast Corridor LRT -
59.7%
The total project cost under the Full Funding Grant Agreement (FFGA) for this project is $879.27 million. The Section 5309 New Starts funding share is $525.00 million.
D.C. Washington Area, Largo Metrorail Extension -
60%
Total amended capital costs of the project are $607.20 million. The Section 5309 New Starts funding share for the project is $364.30 million.
IL, Chicago, Ravenswood Line Extension -
46.3%
The total project cost under the Full Funding Grant Agreement (FFGA) is $529.91 million. The Section 5309 New Starts funding share is $245.52 million.
NJ, Northern New Jersey, Hudson-Bergen MOS-2 -
41.1%
The total cost of MOS-2 under the Full Funding Grant Agreement (FFGA) is $1,215.40 million. The Section 5309 New Starts funding share for the project is $500.00 million.
NY, New York, Long Island Rail Road East Side Access -
35.6%
The total project cost under the Full Funding Grant Agreement (FFGA) is $7,386.00 million. The Section 5309 New Starts funding share is $2,632.10 million.
PA, Pittsburgh, North Shore LRT Connector -
54.1%
The total project cost under the FFGA for the North Shore LRT Connector is $435.00 million. The Section 5309 New Starts funding share is $235.70 million.
TX, Dallas, Northwest/Southeast LRT MOS -
49.7%
The total project cost under the Full Funding Grant Agreement (FFGA) for the NW/SE LRT is $1,406.22 million. The Section 5309 New Starts funding share is $700.00 million.
UT, Salt Lake City, Weber County to Salt Lake City Commuter Rail -
80%
The total project cost under the Full Funding Grant Agreement (FFGA) is $611.68 million. The Section 5309 New Starts funding share is $489.35 million.
WA, Seattle, Central Link Initial Segment -
20.5%
The total project cost under the Full Funding Grant Agreement (FFGA) is $2,436.90 million. The Section 5309 New Starts funding share is $500.00 million.
Looks like a wide % range in individual projects. Only one project in each Metro Statistical Areas is allowed. For example, Salt Lake's 80% Federal funding for commuter rail looks awesome, but the light rail project being built at the same time got nothing. Dart's Green Line got nearly a 50% share, but Dart's Orange Line got nothing.
What was the Feds percentage for all projects? Note, some of these projects have been completed, and some are still under construction. Also note, most of these cities are much larger than Austin. Here's the math: 7269.8 / 16919.7 =
42.9%