FICTION: The rail project will bankrupt the City.
FACT: Scare tactics are easy, but not truthful. The construction of rail is financed thru the GET tax that is paid by both residential and visitor spending. Revenue collection estimates, along with expected federal funding of $1.55 billion allows for the rail project to have zero debt at the time of its completion. As far as operating costs go, the operating costs for the planned integrated rail/bus system is lower than the operating costs for another Mayoral candidate’s recommendation to revisit the previously proposed, controversial, debated, and defeated BRT plan of the Harris Administration.