I thought they were counting bond proceeds as revenue but they aren’t. That’s the only borrowing explicitly acknowledged, though. In the case of the federal contribution, at least 25% (and more like 33%) of the “general fund” category is also borrowed money.
If the federal gas tax ($0.184/gal) had kept up with inflation, the entire left hand column would be completely dark blue, as it used to be. Even if it was only raised 9 cents (vs 12 to match inflation), the column would be solid blue.
“The problem we’ve had in the first generation of North American streetcars is that, with a few exceptions, they’ve been designed with the attitude that the transit function isn’t really the point,” says Walker. “Or, as they often say, this isn’t a transit tool, its a development tool, which is a bizarre kind of insistence on the separation of silos, since in Europe great transit is a development tool because the transit is designed to actually function.” – Jarrett Walker
I’ve said it before – I worry about the OKC Streetcar for this very reason. It’s being sold as transportation (sometimes) when it’s really about economic development. Plus, it’s a one-way loop, showing, to me at least, that it’s really not intended to move people.
The article above is not about that, though. While it’s even better when elevated roadways are taken down, like they did with the old Central Artery and are planning to do with the McGrath Highway (not to mention many others including OKC’s Crosstown), this at least makes them less ugly and/or scary. That’s a good thing, IMHO.