FasTracks Funding Gap Grows to $2.5 Billion in Denver

The Denver Regional Transportation District is forecasting an increasing gap between what it will cost to complete the region's FasTracks light rail system and how much taxpayer money will be available to fund its construction.

"RTD also is using a lower forecast for sales-tax collections, which are a key component of the revenue stream that will pay for FasTracks, the nation's most ambitious mass- transit expansion program.

The agency now is forecasting that it will have about $4.2 billion available from tax collections, federal funds and other sources to build the project by 2017 unless metro Denver voters approve a doubling of the existing 0.4 percent FasTracks sales tax in November.

Last year's revenue forecast was $4.8 billion."

RTD expects to be about $2.5 billion short of what it needs to complete the system by 2017.

Thanks to Reconnecting America

Full Story: FasTracks funding gap widens

Comments

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $209
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.
$50.00