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Capital Metro board OKs January fare hikes
 Posted
11/5/2009 3:20:00 PM
The Capital Metro board voted Wednesday to move to January a bus and rail fare hike that had been scheduled for August and to increase most of those fares by more than had been previously approved.
The fare increase is expected to generate $2.3 million during the transit agency's current fiscal year, which began Oct. 1. That would allow the agency to spend federal stimulus money on additional siding tracks for its commuter rail line near Lakeline Mall and on rerouting a troublesome curve in the track near downtown. The agency had been intending to spend $2.6 million in stimulus funds on operating costs this year.
Capital Metro had set aside $3.1 million for the two rail projects, estimated to cost $6.5 million. After Wednesday's move, the agency will still be $1.1 million short, but officials say they hope that construction bids follow a recent trend and come in below projections.
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Producer Thomas
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