Home Must Reads Milwaukie prepares for light rail cuts

Milwaukie prepares for light rail cuts

| Print |  Email
Must Reads
Wednesday, April 03, 2013

Milwaukie will consider service cuts and higher taxes as possible solutions to pay for its financial obligation to TriMet for light rail construction.

In 2008, city officials signed on to paying TriMet $5 million for the light-rail line under construction. The embattled transit agency promised to open the line in September 2015 from Portland through Milwaukie and to Oak Grove. TriMet renegotiated a payment plan with Milwaukie after it became clear that the city wouldn’t be able to pay within 90 days of the Federal Transit Administration’s 50 percent match to the $1.49 billion total project cost.

City Councilor Dave Hedges saw urgency in the way that Milwaukie’s payments balloon to TriMet, from $192,000 this year to $364,875 as the final installment in 2031. He only voted for the revised agreement with TriMet last June, he reminded other elected officials at the March 21 study session, with the understanding that the city would give citizens the choice between service cuts and paying more taxes.

Read more at The Portland Tribune.

{biztweet}milwaukie light rail{/biztweet}

 

More Articles

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY TOM COX | OB BLOGGER

Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


Read more...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


Read more...

Buyer's Remorse

September 2014
Tuesday, August 26, 2014

Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.


Read more...

Green Endeavor cleans up

News
Wednesday, August 06, 2014
080614 ULnew greenendeavorBY LINDA BAKER | OB EDITOR

Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.


Read more...

The Scott Kveton affair

News
Wednesday, July 09, 2014
ScottKvetonBY LINDA BAKER | OB EDITOR

Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.


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