County Board Votes to Spend $18 Million Hoping They’ll Get It Back

December 8, 2013 6:35 pm0 commentsViews: 4

$18 million was approved to help fund the developmental phase of the Bottineau light rail line, an amount it could earn back from the Federal Transit Administration should the line be built.

County approves Bottineau LRT project development funding

Project development includes initial light rail planning that is comprised of an environmental review, cities’ approval, and the start of engineering plans. Hand Shaking Money DealIn December, the Counties Transit Improvement Board will consider paying the remainder of the $46 million project development cost. The FTA could reimburse the county for the expense if the light rail is ultimately constructed under federal regulations in a partnership that resembles the other regional light rail projects, which were led by the Metropolitan Council in conjunction with municipal, county and state governing bodies.

Read more here:

By: Paul Groessel

Original Post: PressNews.com

Photo Credit: arztsamui at FreeDigitalPhotos.net

Tags:

Comments are closed