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

Alstom, Bombardier deliver 100th MI09 French trainset

Every MI09 can transport up to 2,600 passengers at maximum speeds of approximately 75 miles per hour. Each train is made up of five cars, each equipped with three large doors on either side to facilitate passenger exchange in the stations.

Supporting the regional economy in Milan via transport investment

The Brussels based UITP’s World Congress is the major global gathering of the world’s public transport industry to network, review progress and innovation, understand trends from suppliers as well as focus on the challenges that public transport faces in delivering a viable, sustainable future for the world.

Calif.'s SMART secures $11 million grant to buy 3 more railcars

The three additional cars will boost SMART’s seating capacity by 35%, officials said. Because of the escalating costs for railcars, the grant also was estimated to have saved taxpayers about $11 million, according to state officials,

Parsons Brinckerhoff under contract to deliver Calif. high-speed rail

Will begin work on a seven-year, $700 million rail delivery partner contract awarded by the California High-Speed Rail Authority earlier this month.

Alstom to supply 13 Coradia Lint regional trains to Danish network

The Coradia Lint 41 is an environmentally-friendly low-consumption Diesel Multiple Unit that can reach a maximum operating speed of up to 87 mph.

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 resource for managers of class 1-7 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