Support the Northside-Southside Jefferson Avenue Expansion of Metrolink
From "Vote on Priority Ideas"
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Priority Challenge: Improving Community Mobility & Catalyzing Downtown Reinvestment
Author/Sources: Adrien Suydam, Christian Bishop
We could connect residents from every corner of the City to more neighborhoods, jobs, education, and services by having a north-south light rail line. The City could contribute capital to the Northside-Southside Jefferson Avenue expansion of Metrolink. This would involve contributing Rams Settlement funds to a much larger project funded by numerous other funding sources, including the Economic Development Sales Tax, state and federal funds, and philanthropic funding. This idea is not compatible with a municipal endowment fund.
Funding Considerations
- Cost estimate: $850,000,000
- Can this be funded from interest via a Municipal Endowment Fund? (Estimated value of $12M annually): No
- Does this require matching funds? (More than $250M) Yes
- Is this eligible for a tax-exempt bond? (Project benefits taxpayers and proceeds used by governmental entity) Yes
- Is this likely to attract philanthropic funding? No
- Are there other potential funding sources? Yes
City: Economic Development Sales Tax has generated taxes and interest of $67.9M as of FY2023
State: Uncertain
Federal: Federal Transit Administration (FTA) New Starts program
