Costly Transbay Transit Center in busload of trouble

Matier and Ross : sfchronicle – excerpt

…“The elephant in the living room is solving the operating subsidy problem, which could be as large as $20 million a year — and without a source of revenue,” said Supervisor Aaron Peskin, who chairs San Francisco’s Transportation Authority…

Taxpayers and bridge commuters will probably be on the hook to pick up millions of dollars in costs, although the exact amount still isn’t known…

“We expect to have an operating deficit,” said Mark Zabaneh, executive director of the public Transbay Joint Powers Authority, which is building the center.

Without the foot traffic that high-speed rail could draw, the mall is looking a lot less attractive to potential renters. That means the authority may have to offer sweetheart deals to lure stores — which, of course, means less money…(more)

The City has a lot of nerve coming to the voters and tax payers begging for funds to operate a transit center many never wanted in the first place. When do we quit digging holes to fill and just fill the ones we have already dug?

Given the choice between paying for health care and paying for street diets and sidewalk widening, which do you think the voters would prefer? Housing and transportation are not the only think we need and the sooner City Hall wakes up to that fact the sooner we can start to repair the damage.

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