Metro looks ahead 10 years while states consider funding increase

The prospect of looming financial trouble from the loss of fare-paying commuters to telework and an overextended construction budget has also prompted Maryland lawmakers to propose increasing annual subsidies under a plan contingent on Virginia doing the same.

owner of more than 550 buildable acres near 40 rail stations. The locations are coveted among developers because of their transit access, which tends to command higher prices. Since 1975, Metro has built 55 projects and 17 million square feet at 30 stations through public-private development agreements. Those projects generate $194 million annually in state and local tax revenue.

New transit users from the proposed developments are projected to take 5 million to 9 million new Metro trips each year while bringing in $20 million to $40 million in fares, according to Metro estimates.and the development would contribute about $340 million in annual tax dollars to local and state jurisdictions, Metro said.

started to change in recent years, boosted by Maryland, D.C. and Virginia deciding in 2018 to devote dedicated funding for Metro’s needs, amounting to $500 million annually. Last month, the Maryland legislature passed a provision that would automatically increase the state’s annual funding to Metro by 3 percent, contingent upon Virginia doing the same. D.C. has already committed to the increase, officials in both jurisdictions said. D.C. Council Chairman Phil Mendelson did not respond to a request for comment.Del. Marc A.

The bill is supported by the Washington Suburban Transit Commission, which represents Prince George’s and Montgomery counties.

Can we just finish the Silver Line first? Dulles train urgentlyneeded

Why give wmata more money?

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