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TriMet Considers Even More Borrowing for Milwaukie
Back in May I complained that TriMet was getting ready to borrow $39M to fund the new Milwaukie line. This borrowing would be paid back with future payroll tax revenues – funds that could otherwise be spent actually providing service hours. Now Portland Afoot is reporting that TriMet may consider raising this amount to $60M…
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TriMet and the Trust Gap Part 3: The Planning Role
Today, TriMet held an informal planning session, at which point it was announced that in order to fund MLR, an additional $20 million of operating revenue may be needed to build Milwaukie MAX, as reported by Michael at PortlandAfoot.org. A key word is “may”. This column address a broader issue; that of TriMet’s role in…