Paying for ART – Is it Albuquerque Tax Payers?

Daily Alibi; Councilor Pat Davis gave new city Chief Operations Officer Lawrence Rael his debut before the new Council when he asked about the Albuquerque Rapid Transit funding. Davis said he was following up on a media report about the federal funding for the project not being locked down.

Rael said they are still in the process of doing a broad overview of the project but it is his understanding that federal transportation department has agreed to reimburse the city $75 million; but he said, there is not a signed contract with the feds to reimburse. Rael said the unofficial plan has the money for reimbursements coming to the city in two chunks: $50 million in the first year and $25 million in the second year.

Rael said the entire project stretching along Central from Coors to Louisiana will cost roughly $135 million—with $119 million of that being attributed to the actual rapid transit project. Most of the project costs have already been paid out. “The problem is the city fronted the money to build the project,” Rael told the Council. He said this is a challenge, especially with the current political situation in Washington D.C. He assured the council that after the holidays, the Keller administration will be working on getting the feds to sign an official agreement.

Send your comments about the City Council to carolyn@alibi.com.

The next meeting
Wednesday, Jan. 3, 5pm
Vincent E. Griego Chambers
Albuquerque/Bernalillo County Government Center
1 Civic Plaza NW
View it on GOV TV 16 or at cabq.gov/govtv

Posted in RT66 Updates

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