San Francisco’s Mayor Lee Sheds Light On Financing Muni’s Light Rail Expansion

Margie Shafer : cbslocal – excerpt

SAN FRANCISCO (KCBS)— San Francisco Mayor Ed Lee may have already announced a major expansion of Muni’s light-rail fleet, but at a news conference he said options to finance the multi-million dollar project are still being considered.

Lee made an announcement Tuesday morning at the Muni Metro East Maintenance Facility at 601 25th Street at Illinois, where the aging fleet of cars is maintained…

The San Francisco Municipal Transportation Agency (SFMTA) will seek up to $153 million in California cap and trade funds and the $57 million balance from the MTA. If that doesn’t work, the Metropolitan Transportation Commission (MTC) is expected to guarantee funds to fill in the gap… (more)

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