Lack of state funds could delay transit projects - WBTV 3 News, Weather, Sports, and Traffic for Charlotte, NC

Lack of state funds could delay transit projects

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CHARLOTTE, NC (WBTV) -

The vision is to build the red line commuter rail from uptown Charlotte to the town of Mooresville in Iredell County. The reality is a different story.

The $452 million project is not eligible for federal money. The plan was to pay for it with money from local communities along the route, along with special assessments and tax increments financing, in addition to state funds. But North Carolina might not be able to fund its share.

Senator Jeff Tarte tells WBTV "there is limited funding for transit at the state level."

Sen. Tarte, from the newly created District 41, says "because of the recession and impact on sales tax - which is a primary funding vehicle for transit in the region - there's a significant impact and likely to delay the red line beyond current plans, significantly". 

Senator Tarte says the state has "identified statewide $600 billion of transportation infrastructure needs right now in the next decade. We have funding sources of $600 million so it's a pretty big discrepancy between what we have to fund and what the needs are".

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