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Current Events (Monorail in Washington) - Essay Example
Author : borerkelly
Pages 2 (502 words)
The major event under heated discussion is a current state of the Monorail Green Line project which has been planned to be complete in the next 5 years. In June 2005 the financial estimations was approved. According to the proposal the 14-mile Green Line will be built till December 2010, along the route proposed by the voters (from Ballard through Downtown into West Seattle with 16 stations)…
In this project are also involved the City of Seattle Planning Commission, the Seattle City Council, sSate government and Federal government (Seattle Monorail, 2005).
The basic issue under discussion is further actions of the Project team, and the source of additional funding. To develop another plan these issues should be agreed with the local authorities. The Board of the project suppose that "voters could be asked for more money" (Lindblom, 2005), but opponents are constantly against this plan, supposing that it is better to save tax-payers money than waste time and efforts on this project. On the meeting held on July 6, 2005 Geoff Logan addressed the members of the Board saying: "Why on earth would we rust you after your three year sorry performanceto come up with another project" (Heated debate, 2005). The board and consultants eventually came up with a combination of 40-year bonds and high-interest "junk bonds" to supplement the tax revenue, boosting the total cost, including interest, to $11.4 billion. ...