Topic : light rail project

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FTA advises N.C. rail project to address concerns, stay on schedule

Rail| March 6, 2019

The agency also advised GoTriangle to set the project’s budget to at least $2.5 billion to cover recent changes and rising construction costs.

Lawmakers pass bill to fund Honolulu light rail funding gap

Rail| September 5, 2017

The proposal previously passed the Senate and now heads to Gov. David Ige, who said he expects to sign it after a review.

Rail| May 1, 2017

Honolulu lawmakers propose boosting hotel tax to pay for rail project

The bill would raise the transient accommodation tax paid by visitors from 9.25% to 12% for 10 years.

Rail| December 14, 2016

Sound Transit bond sale secures lower borrowing costs for light rail extensions

The $477 million sale consisted of fixed-rate bonds at a total interest cost of 3.596%. The favorable rate is significantly lower than the 5.3% average over the last 30 years.

Rail| July 25, 2016

Honolulu gets extension from Feds to fix rail plan

The city's mayor had wanted a June 2017 deadline, after the upcoming election and legislative session. He has also suggested shortening the route to stay within budget. 

Rail| March 2, 2016

Md. Gov. green lights Purple Line contract

Following negotiations with Purple Line Transit Partners, an agreement has been set that will see the state’s upfront expenditure for construction cost drop to $159.8 million – $8 million less than the $168 million threshold Gov. Hogan originally announced.

Rail| October 28, 2015

Honolulu officials confused by fluctuating rail tax revenues

State Department of Taxation officials have pointed to a lag in processing tax returns as a key reason for the swings. HART officials, meanwhile, said they still don’t fully understand what’s causing the swings.

Management & Operations| August 4, 2015

Honolulu's rail tax came in $8M short last quarter

Overall, HART has collected a total of $1.52 billion in surcharge revenue for the rail project, which is about  39 million, or 1.18%, below projections.

Rail| May 27, 2014

N.C. CATS restoring $10M in light rail projects

In 2010, when CATS was concerned with whether it could afford to build the Blue Line extension, the transit system removed some features to save money
Rail| January 30, 2013

Minn. light rail plan could lead to more segregation

While the Central Corridor light rail project is expected to significantly improve access to venues across the Twin Cities for residents who live along the corridor, one expert says that government-subsidized housing along the rail route could add to an already racially segregated neighborhood.
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