Publication Date

9-25-1998

Document Type

Report

Subjects

Local transit -- Oregon -- Portland Region, Urban policy -- Oregon -- Portland -- Periodicals, Portland (Or.) -- Politics and government -- Periodicals, Portland (Or.) -- Social conditions -- Periodicals

Notes

In 1994, voters authorized issuing the same amount of bonds for almost the same purpose. That proposal included a link to Vancouver. This one does not. Because of this change, Tri-Met must seek voter approval to sell the bonds. The scale of the project will change from 21 miles to 16 miles, and it will terminate in Kenton district rather than Vancouver. Project estimated to cost $1.6 billion.

This proposed line would begin at Clackamas Town Center, follow Highway 224 through Milwaukie, cross Willamette River on a new bridge near Caruthers, proceed from PSU down present transit mall to Union Station, cross Steel Bridge, and go north along 1-5 and Interstate Avenue. (Final route may vary.)

Project may be built in phases. No bonds will be sold unless federal funds are approved. Also, other affected localities will be asked to contribute. These general obligation bonds will mature in 30 years. They will contribute to financing, acquisition, and construction costs.

Estimate average annual cost to taxpayers will be $25.00 per $100,000 assessed valuation.

Published in City Club of Portland Bulletin Vol. 80, No. 17

Persistent Identifier

http://archives.pdx.edu/ds/psu/13891

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