Clackamas approves light rail agreement

| Print |  Email
Must Reads
Thursday, August 23, 2012

Clackamas County commissioners approved a $22.6 million settlement agreement with TriMet to pay for the controversial Portland-Milwaukie light rail extension.

Commissioners also authorized the sale of bonds to pay for the $19.9 million the county must pay the transit agency by Oct. 10. About $19.1 million in bonds are expected to be sold Sept. 6, according to Moody's Investor Services, a bond credit rating firm. Including in-kind services, fees and property, the county's contribution to the project totals $22.6 million.

The renegotiated deal with TriMet is less than the $25 million commissioners agreed in February 2010 to contribute to the $1.5 billion project. TriMet offered to slash $2.4 million from the county's bill, but the county also offered several concessions, including property and the waiver of various fees TriMet owes the county.

Read more at OregonLive.com.

{biztweet}clackamas trimet{/biztweet}

 

More Articles

5 questions for ImpactFlow CEO Tyler Foreman

The Latest
Thursday, August 13, 2015
impactflowthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Portland-based startup ImpactFlow recently announced a $5.7 million funding round. CEO and co-founder Tyler Foreman talks about matching businesses with nonprofits, his time at Intel and the changing face of philanthropy.


Read more...

Getting What You Pay For

September 2015
Wednesday, August 19, 2015
BY KIM MOORE

A conversation with Chris Maples, president of the Oregon Institute of Technology.


Read more...

Aim High

September 2015
Thursday, August 20, 2015
BY JOE CORTRIGHT

We get the education we deserve.


Read more...

Reader Input: Energy Overload

June 2015
Wednesday, July 15, 2015

We asked readers to weigh in on the fossil fuel-green energy equation.


Read more...

Light Reading

September 2015
Thursday, August 20, 2015
BY JACOB PALMER

Ask any college student: Textbook prices have skyrocketed out of control. Online education startup Lumen Learning aims to bring them down to earth.


Read more...

Staffing Challenge

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

A conversation with Greg Lambert, president of Mid Oregon Personnel Services.


Read more...

Up on the Roof

September 2015
Wednesday, August 19, 2015
BY LINDA BAKER

In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction. 


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS