The World According to Nick
Politics, News, Photography, and Triathlons... What don't I talk about?
Friday, March 09, 2007
<< This Ought To Be Interesting First Run of the Year >>
Rail Project Going Over Budget? I'm Shocked

Now if only Southeastern Wisconsin could learn from Denver's problems:

A detailed financial analysis of RTD's FasTracks plan shows that the six new train lines and other transit improvements could cost $2.5 billion more than originally forecast.

The draft analysis obtained by The Denver Post shows FasTracks trains and other improvements could cost $6.5 billion, almost 65 percent higher than the price sold to metro Denver voters in 2004.
...
To pay for a sizable portion of the FasTracks expansion, RTD asked voters in the eight-county metro region to increase the agency's portion of local sales-tax collections from 0.6 percent to 1 percent. The ballot measure passed with about 58 percent of voters approving, and the sales tax increase went into effect on Jan. 1, 2005.

RTD plans to combine sales and use tax proceeds with federal transit dollars and other sources of money to construct new train lines from Union Station to Lakewood/ Golden, Arvada/Wheat Ridge, Boulder/Longmont, north Adams County and DIA, as well as a light-rail extension in Aurora's Interstate 225 corridor.

Gee... sound familiar anyone?  Hello... KRM?  Via On Deadline.

# Posted at 3:38 PM by Nick  |  Comment Feed Link 1 Comment  |  No Trackbacks

 Add to del.icio.us |  Digg this Post | Filed Under: Current Events

Sunday, March 11, 2007 9:30:40 PM (Central Daylight Time, UTC-05:00)
I say put another referendum to the voters. Denver's tax base has grown and demand for rail transit is growing too but I am all for letting the voters decide.
White
Comments are closed.


© Copyright 2012 Nick Schweitzer
Powered By newtelligence dasBlog 1.9.7067.0
Theme Based on Design By maystar