Utah's Innovative Plan To Fund Transit

Utah Transit Authority officials are using federal tax loopholes to sell the tax benefit of light rail to get funding.

1 minute read

January 13, 2002, 9:00 AM PST

"Utah Transit Authority officials have come up with an innovative scheme to finance the next major expansion of light rail or commuter rail: sell their existing $500 million light-rail system to a private company. While it sounds like a radical approach, the plan is designed to take advantage of federal tax loopholes to generate an immediate $25 million to $50 million cash infusion for mass transit."

Thanks to Transport Policy Listserv

FULL STORY: UTA Floats Sell-Lease Plan That Could Generate $50 Million

Wednesday, January 9, 2002 in The Salt Lake Tribune

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