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

Streetfight

News
Sunday, December 07, 2014
BY LINDA BAKER

On Friday, Uber switched on an app — and with one push of the button torpedoed Portland’s famed public process.


Read more...

Healthcare pullback

News
Thursday, November 20, 2014
112014-boehnercare-thumbBY JASON NORRIS | OB CONTRIBUTOR

Each month for Oregon Business, we assess factors that are shaping current capital market activity—and what they mean to investors. Here we take a look at two major developments regarding possible rollbacks of the Affordable Care Act (ACA).


Read more...

Crowdfunding 2.0

News
Tuesday, December 02, 2014
120214-crowdfund-thumbBY LINDA BAKER

A conversation with attorney Erich Merrill about the latest way to raise money from large groups of people.


Read more...

Powerbook Perspective

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

A conversation with Oregon state economist Josh Lehner.


Read more...

Tackling the CEO-worker pay gap

January-Powerbook 2015
Thursday, December 11, 2014
BY OREGON BUSINESS STAFF

An SEC rule targets the disparity between executive and employee compensation, reigniting a long-standing debate about corporate social responsibility.


Read more...

Corner Office: Pam Edstrom

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits of information from an agency partner and co-founder of Waggener Edstrom in Lake Oswego.


Read more...

Justice for All

January-Powerbook 2015
Thursday, December 11, 2014
BY JESSICA RIDGWAY

Lawger upends the typical hourly based fee model by letting clients determine the cost.


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