Missed deadline: $587million in federal funding for Metro LA connector jeopardized
Metro considers asking voters to approve another half-cent tax increase that could raise an additional $120billion for transportation projects.
...last year, the Federal Transit Administration provided $893million in grants and low-interest loans, covering more than 60% of the project cost.
In return, Metro agreed that the regional connector would begin carrying passengers by May 29, 2021.
That date gave Metro about five months of wiggle room in the construction schedule for unplanned delays.
Now, meeting the May 2021 deadline looks unlikely, the report says. The connector could open 10 months late, although the proposed $130-million increase could help reduce delays.
Missing the May 2021 deadline raises the possibility that $587million in federal funding for the connector could be jeopardized, and call into question future federal funding, staff said.
http://touch.latimes.com/#section/1780/article/p2p-85005404/