The first phase of Metro’s Silver Line is estimated to be $226 million over budget and the second phase is now estimated to be 13 months behind schedule. That means the Silver line will not be arriving in Loudoun until 2020 and Loudoun will be on the hook for 4% of all costs and costs overruns.[read_more] If an escalator breaks in PG County, we chip in our 4% to fix it. If Metro needs a new fleet of rail cars, or track in SE Washington Loudoun pays 4%. Let’s hope the new Loudoun Board of Supervisors gets us out of this train wreck deal with MWAA.
According to the funding agreement with Metro, Loudoun and Fairfax boards must approve the appropriations for building the Metro each year. Check page 3, paragraph 2 of funding agreement with Metro. So we can get out of this deal whenever our Board decides to save Loudoun from this mess that is Metro.
When the board of supervisors agreed to fund the expansion of metro into Loudoun county the board told us that an expanding commercial development would pay for metro without having to raised taxes on citizens to pay for it. Now that we know that model is broken, it’s time for our board to taken action and stop this train wreck.