Posts Tagged ‘bond package’

Mayor considering urban rail bond package

Saturday, February 13th, 2010

City of Austin

City of Austin

Mayor considering urban rail bond package

by STEVE ALBERTS / KVUE News

Posted on February 10, 2010 at 5:15 PM

Updated Wednesday, Feb 10 at 6:25 PM

******

The City of Austin is proposing an urban rail line in downtown.

“We have to do something,” said Austin Mayor Lee Leffingwell. “What we have to do is everything. We need better roads, bike and trail facilities and better mass transit; and I personally think rail is the best option for mass transit.”

The bond package that the mayor’s office is considering proposing to the city council and the community would be in the range of $400 million. Roughly half of the bond package would be devoted to urban rail, and the other half would be devoted to roads and other transportation infrastructure. The cost of this bond proposal to the average Austin household would be just over $3 per month, or about $40 per year.

Read more…

[via KVUE]