Rail

Denver RTD won’t pursue FasTracks tax

Posted on April 26, 2012

The Denver Regional Transportation District (RTD) board of directors indicated at a meeting tonight that they will not pursue a 2012 sales and use tax election for the FasTracks transit expansion program. The board also gave staff direction to submit a revised plan with alternate assumptions.

Over the past several months, RTD has evaluated technical, financial and economic information, and input from regional stakeholders and the general public.

“The RTD board realizes that while economic conditions are slowly but steadily improving in the Denver metro area, the timing is not right for a 2012 ballot initiative,” said RTD Board Chair Lee Kemp. “We remain committed to continuing to work with our regional partners to complete FasTracks sooner rather than later. Signs of progress will continue to take shape around the region.”

Several FasTracks projects are currently under construction or under contract to begin construction or final design:

•  West Rail Line to Jeffco Government Center (scheduled to open in May 2013).

•  East Rail Line to Denver International Airport.

•  Gold Line to Arvada and Wheat Ridge.

•  Northwest Rail Line (first segment to south Westminster).

•  I-225 Rail Line (first segment to Iliff).

•  U.S. 36 Bus Rapid Transit Project (with the Colo. Department of Transportation).

•  Denver Union Station Redevelopment.

•  North Metro Rail Line (final design to National Western Stock Show pending).

RTD will continue to work aggressively to seek alternative funding sources for the program including grants, public-private partnerships and unsolicited proposals. The board will continue to explore pursuing a sales and use tax election in the future when the time is right for the region.

More News

OC Streetcar receives $125M federal funding boost

Funding identified in President Obama’s 2016-17 budget for 4.1-mile Santa Ana/Garden Grove project.

South Phoenix rail extension on track to launch a decade early

The planned extension will be the first project to get a boost from the city's Transportation 2050 program, which raised sales taxes to fund bus, street and light-rail improvements.

D.C. Metro train runs red light, faces another train head-on

No one was injured in the incident, but two Metro employees — a train operator and a rail operations controller — have been removed from duty pending the investigation.

FRA green lights BWI rail station rebuild

The project includes adding a fourth track to nine miles of the Northeast Corridor surrounding BWI and reconfiguring the platforms to allow boarding from all four tracks.

Bombardier, Alstom consortium celebrates new Montreal railcars

The project generates important economic benefits for Québec: more than 150 Canadian suppliers, including over a hundred long-standing Québec companies, participate in the project, whose Canadian content exceeds 60%.

See More News

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close