From Austin Chronicle, March 27, 2009...
To say things are not going well at Capital Metro right now ... well, let's not even bother with polite euphemisms. It's all going to hell.
More than a year behind schedule, the transit agency's new commuter train has been delayed yet again – this time indefinitely. And that announcement came after revelations in the Austin American-Statesman that the agency owes millions of dollars to the city of Austin and other communities it serves – but has drained its cash reserves to build its nonfunctional train and other pricey projects and apparently can't pay it back. According to the Statesman's Ben Wear (March 15), Cap Metro's savings, which once reached into the hundreds of millions, are now down to a mere two-month safety cushion.
Read more...
Monday, April 13, 2009
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