CAMPO to Hire Consultant for Cap Metro
By Kimberly Reeves,
5:16PM, Wed. Jul. 11, 2007
Members of the Capital Area Metropolitan Planning Organization’s new peer review committee are preparing to hire a consultant to review the governance, financing, and planning of Capital Metro. The biggest looming issue at Cap Metro is finances. At a CAMPO work session this week, Cap Metro’s Chief of Staff, Andrea Lofye, told the subcommittee that Cap Metro, once a cash cow flush with local sales tax dollars, is only three years away from expenses exceeding projected revenues. Most of the transit authority’s reserves have gone into the initial leg of its commuter rail line. Cap Metro has already begun the process of proposing a fare hike, its first since 1984.
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Transportation, CAMPO, Capital Metro