Durham’s Light Rail Advanced Last Week. Now Meet Its Competitors in the Federal Grant Process | Triangulator | Indy Week
Pin It

Durham’s Light Rail Advanced Last Week. Now Meet Its Competitors in the Federal Grant Process 

click to enlarge 8.2_tri_graphic_half.jpg

On Friday, the Federal Transit Administration informed GoTriangle that the Durham-Orange Light Rail Transit project could move into the next phase of the application process for a federal grant, with one important caveat: "Please note that the President's Budget for [fiscal year] 2018 proposes no funding for new projects," reads a bold-typed paragraph from FTA regional administrator Yvette Taylor, "and thus GoTriangle acknowledges that it is undertaking additional work at its own risk which may not receive Capital Investments Grants funding."

Since the federal grant comprises half of the project's finances—$1.2 billion of the $2.4 billion project cost, not including interest—this is the ballgame.

Another thing worth noting: the DOLRT squeaked by. That is to say, it was scored "medium" on the FTA's five-point evaluation, the minimum any such project needs to advance. While the DOLRT was rated well on its current capital and operating condition, and OK on its local financing commitments, the FTA is concerned that GoTriangle is overly optimistic about operating costs, and the agency "cannot determine the reasonableness of fare revenue projections because the methodology used by GoTriangle is not in compliance with FTA's Guidance for Transit Financial Plans." So there's that.

GoTriangle officials plan to discuss the project's rating and suggestions this week.

For now, though, DOLRT now joins five other New Starts projects that are in the engineering phase, according to an FTA annual report. We thought it might be useful to spend a few minutes getting acquainted with the competition.

Comments

Subscribe to this thread:

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in Triangulator



Twitter Activity

Comments

Please share a link so we can donate!

I'm white and I'm happy to support. I know our …

by ruby on A Black Feminist Bookmobile Is Coming to Durham (Triangulator)

As long as the accessory units are tightly regulated, I definitely think these have a place in *some* neighborhoods.

by glenwoodbrooklynite on Wake Commissioners Want Raleigh to Reconsider Granny Flats (Triangulator)

Most Recent Comments

Please share a link so we can donate!

I'm white and I'm happy to support. I know our …

by ruby on A Black Feminist Bookmobile Is Coming to Durham (Triangulator)

As long as the accessory units are tightly regulated, I definitely think these have a place in *some* neighborhoods.

by glenwoodbrooklynite on Wake Commissioners Want Raleigh to Reconsider Granny Flats (Triangulator)

Well, because black feminist voices get drowned out by white ones all the time. And this is a small operation, …

by Steve-oh on A Black Feminist Bookmobile Is Coming to Durham (Triangulator)

Don't be sad, Barb. I'm sure they would happy to loan you a book no matter what color you are. …

by vidvis on A Black Feminist Bookmobile Is Coming to Durham (Triangulator)

Why more segregation? Why not include all feminists? …

by Barbara 2 on A Black Feminist Bookmobile Is Coming to Durham (Triangulator)

© 2017 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation