How will the IBR pay for the MAX light rail extension?
The Interstate Bridge Replacement (IBR) program plans to finance the $1.32 to $1.99 billion cost of the TriMet's MAX Yellow line light rail extension through contributions from Washington and Oregon citizens, federal funding from the Federal Transit Administration (FTA), tolling revenues, and potential borrowing from Wall Street, with the hope of receiving federal funding starting from Fiscal Year 2028 through 2033, while Oregon's restricted state highway funds may pose a challenge in allocating the required funding. https://tinyurl.com/4rykjxyr #InterstateBridgeReplacement #IBR #I5 #I205 #ODOT #TriMet #tolling #HighCapacityTransit #GregJohnson #MAX #LightRail #Tolls #WashingtonLegislature #OregonLegislature #FederalTransitAdministration #FederalHighwayAdministration #RegionalMobilityPricingProgram #ColumbiaRiverCrossing #JoeCortright #AbernethyBridge #VancouverWa #ClarkCountyWa #ClarkCountyNews #ClarkCountyToday
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