Cap and Trade Guidelines for Transit
TRANSDEF filed comments on January 30, 2014 on the draft Guidelines for the State Transportation Agency’s distribution of cap and trade funds to transit and intercity rail. The program, called the Transit and Intercity Rail Capital Program, will receive an ongoing 10% of cap and trade auction revenues. The final Guidelines were adopted today, and differed from the draft in the areas highlighted in yellow. None of the changes responded to our comments.
Our comments addressed the ongoing problem with large transportation projects: they promise too much and deliver too little, at a vastly higher price than initially promised. We wrote up a case study of MTC which we called Politics Trumps Outcomes that identifies the politicization of project selection as the root reason why the Bay Area has lower transit ridership now than it did thirty years ago.