Hazy Future for Purple Line Funding
State funding hurting from gas tax rejection. Future federal funding uncertain until 2015.
The Purple Line, the proposed 16-mile light rail transit system extending from New Carrollton to Bethesda, could be missing one vital component for its progression: funding. With the Maryland budget in crisis and a congressional stalemate over highway funding, the Purple Line’s construction could be pushed back, although several officials interviewed about the project would not predict how long the delay might be. The federal government approved preliminary engineering for the project in October, qualifying it for funding through New Starts, a federal program for new transit projects such as the Purple Line, bringing it a significant step closer to construction. From there, cost estimates and construction schedules could be fine-tuned …
jag
2:33 pm on Thursday, July 19, 2012
What an odd collection of "facts" (look any of them up, they're all off...by a lot). Debt is 15 trillion not 5. China is nowhere near the largest single holder of USgov debt. They're the largest foreign holder of securities (very barely beating out Japan, I believe), if that's what you're trying to say. Besides, who cares who owns our crappy T-bills? They pay out basically nothing; they're a … more ›