Los Angeles is asking for a federal loan as an advance on its transit tax revenues, in a plan that would take a 30-year rollout of transit projects to just a 10-year schedule that saves money in the process. Would a plan like that work for Sound Transit 2’s regional light rail expansion? Publicola reports that it just might:
This week, Bill LaBorde, policy director with Transportation Choices Coalition (a mass transit advocacy group), is in Washington, D.C. meeting with staff from Reps. Jim McDermott’s and Norm Dicks’ offices and Sen. Patty Murray’s office to make the pitch. (LaBorde was also planning on dropping in on Reps. Jay Inslee and Adam Smith.)
Sound Transit has not reviewed or put their official stamp of approval on TCC’s play for a light rail cash infusion from the feds to speed up construction, but LaBorde says Sound Transit told him that lacking cash flow is a factor in the elongated timeline.
Sound Transit spokesman Geoff Patrick tells PubliCola “more money sooner is better … there are [Sound Transit] projects that could probably move faster if there was money sooner.”
However, he said Sound Transit would need to look at the details of any plan before signing off on it.
With a relatively tight schedule already, we could probably save just a few years with a federal loan, and we’ve already heard from sources at Sound Transit that experienced project managers are hard to find. But a loan of some kind may simply be needed to keep ST2 on schedule, as the “conservative” part of ST’s revenue forecasts have largely been eaten up by the deep recession well before most design work has even began.
And building sooner has some benefits…
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