All posts in the topic Funding the "Done Deal" (Short link)
The Metropolitan Council’s Central Corridor Project Office is spending a couple $million/month applying for a Federal Transit Administration matching grant. The $2 million/month grant application process is called Preliminary Engineering. In order to get the more than $450 million matching grant, the State and Hennepin and Ramsey Counties need to come up with the other more than $450 million. So far (as of 2- 20-08 SEE LINK TO ATTACHED FILES BELOW), the State has committed about $13 million; Ramsey County about $17 million; and Hennepin County about $7 million. Currently, the local funding commitment, which needs to reach more than $450 million by Aug. 2009, is only about $37 million. The Central Corridor Project is more than $400 million short of a done deal. If Pawlenty pulls the plug and removes $70 million for the Project from this year's bonding bill, the deal could be kaput. On the other hand, if Peter Bell and the Republican Met. Council continue getting DFL-sponsored Congressional earmarks and County taxes, I suspect Bell and the Met. Council will continue shuffling the money into the pockets of their friends in the Central Corridor Project Office. http://groups.yahoo.com/group/SAPark/files/Central%20Corridor%20Cash%20Flow/
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