Post in What does $70 million buy?
Today on MPR, the Mayors Coleman and Rybak repeatedly stated that the $70
million in this year’s bonding bill for the Central Corridor Project would
produce more than $400 million in Federal grant money for the State. The FTA
grant that the Metropolitan Council claims it is seeking requires the State and
the Counties to raise more than $450 million. So far, the State and the
Counties have raised less than $40 million. The $70 million that the Governor
vetoed in this year’s bonding bill does not come close to meeting the more than
$450 million requirement for the FTA matching grant.
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