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Voters Approve Billions For Systems, But It's Still No Gravy Train

Posted December 08, 2008 9:59 AM

From Engineering News Record:

Call it a double-edged sword, a perfect storm or—stealing a quote from Charles Dickens—American Public Transportation Association President William Millar describes the state of transit as, "The best of times, the worst of times." From California to the Carolinas, the acceptance of and desire for transit systems is unprecedented. Voters in November approved more than 20 pro-transit ballot initiatives, most notably Proposition 1B in California that calls for $9.95 billion for a high-speed rail system stretching from Sacramento to San Diego. But transit owners, designers and builders have no easy task ahead. The "pain at the pump" that helped prompt more Americans to turn to transit also is proving to be a pain for transit providers. "Our members used 6% of their operating budgets on fuel three years ago," says Millar. "Now it is 11%." Moreover, sales-tax revenue is down due to the economic crisis. Nevertheless, many believe transit's time has arrived. APTA statistics show 10.3 billion transit trips were taken last year—the most in 50 years. Ridership grew by 3.4% in the first quarter of 2008 and 5.2% in the second. Jerome Premo, head of AECOM's North American rail group in Los Angeles, believes this is part of a global trend. "There are unprecedented developments in Australia, the Middle East, China," he says. "This is a big deal."

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Re: Voters Approve Billions For Systems, But It's Still No Gravy Train

12/09/2008 12:40 AM

Sadly the only folks who will benefit most from those systems are the Construction Contractors, who manage to pad out the expenses to gain more dollars of subsidized monies at the expense of the taxpayers.

Kind Regards....

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