Here’s a couple of news bits:
- The Daily Journal of Commerice reports the port has decided to postpone its purchase of the Eastside BNSF corridor based on the souring of the credit markets:
The port intends to sell municipal bonds to finance the $107 million purchase.
Port CEO Tay Yoshitani told the port commission yesterday that he has discussed this decision with BNSF Railway and with the King County Executive.
“Nothing has changed except the timing,” Yoshitani told the commission.
Port Commission President John Creighton said the postponement “in no way diminishes the commission’s desire to go forward with this transaction.”
- The financial crisis is also causing problems for the New York City subway’s parent agency, MTA.
- In Denver, property near Light Rail stations has increased in value 4% over the last two years, compared to an overall 7.5% decline in the Denver area overall, the Denver Post reports. I bet we’ll see a similar effect here. Thanks to Gordon for the link.
- The Stranger has five good reasons to vote yes on Prop. 1.
- The Seattle Times likes rail after it’s built, but is against rail that hasn’t been built yet.
- Rossi is voting against Prop. 1, and Gregoire says she supports it. I worried about what a Rossi governorship would mean for transit.