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

WSP USA projects recognized with three Calif. transportation awards

The Exposition Line Light Rail in Los Angeles received the California Transportation Foundation's Overall Project of the Year award.

City Council approves transfer of Atlanta Streetcar to MARTA

The $99 million streetcar opened in December 2014 amid sky-high expectations, but ridership failed to meet expectations in its first year and plummeted nearly 60% after the city began charging $1 to ride.

Honolulu officials submit new light rail plan to FTA

The total project cost included in the new plan remains at $8.165 billion for capital costs exclusive of finance charges, with full revenue service scheduled for December 2025.

Alstom to supply traction system in Chengdu, China

The contract is worth approximately $68.3 million. The line is expected to start revenue service by the end of 2019.

Hyperloop One announces 10 winners of 'Global Challenge'

The company will commit meaningful business and engineering resources and work closely with each of the winning teams/routes to determine their commercial viability.

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