Report finds BART facing $9.6B hole

OAKLAND, Calif. — California state auditor's report determined that the Bay Area Rapid Transit District (BART) needs billions of dollars to replace infrastructure that is "40 years old and at, or close to, the end of its useful life," the Contra Costa Times reported.

Key findings of the report found that nearly two-thirds of BART's railcar fleet will be at least 25 years old by fiscal year 2016-17, with the majority being 40 years old, and the agency faces cash-flow challenges for projects, with its total capital needs projected to cost more than $9.6 billion between fiscal years 2014-15 and 2023-24. For the full story, click here. For the full story, click here.