It’s very clear that CRC has sucked up funding from every available source. 2011-10-26_CRC_Monthly_Report_Sept_2011_FNL-1 Appendix H-1 (3)
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Light rail: the money train
Honolulu is set to construct an ambitious urban rail project. It’s a $5.125 billion behemoth that this metropolitan area with less than a million residents may not be able to afford.
READ MORE: http://www.newgeography.com/content/002719-honolulu%E2%80%99s-money-train
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Moeller: tolling is the way
Jim Moeller’s statements about the Columbia River Crossing legislation: The tolling authorized in this legislation (which passed the House, 65-33) is in fact a principal funding mechanism for mega-projects now underway around the state. The Transportation Commission could impose tolling on the Columbia River Crossing to fund the local share …
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Forensic accountant: Time to pull the plug on the CRC
After many months of work, Forensic accountant Tiffany Couch has released her CRC Forensic Accounting Analysis. Her work has “identified numerous significant questionable accounting and contracting practices involving the CRC.”
READ MORE: http://victoriataftkpam.blogspot.com/2012/01/forensic-accounting-analysis-released.html
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Red flags over the Columbia
Critics have pointed out that as currently designed, the new bridge would have no more traffic lanes than the existing bridge, but would include a generous bike lane. Also in the sights of the architects: an unpopular light rail line to Vancouver combined with an urban renewal district, components which knowledgeable experts factor could add a full one third in additional costs to the project. Another key shoe to drop came when Vancouver citizen organizer David Madore galvanized public awareness with two “Bridging the Gap” presentations in June and October of 2011. Madore hired Vancouver financial investigation and forensic accounting firm Acuity Group to submit public information requests to the Washington Department of Transportation and analyze the documents upon release. Principal accountant Tiffany Couch offered testimony at the June event that raised legitimate questions about apparent budget-busting CRC expenditures to date.
READ MORE: http://nwfreepress.com/red-flags-over-the-columbia/mark-ellis/
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Jefferson Smith only mayoral candidate to question CRC
Earlier this month, the three major candidates for mayor - Eileen Brady,Charlie Hales and Jefferson Smith – gathered for the race’s first debate. Although the trio showed little disagreement on issues like jobs and the economy, the difference came in the Columbia River Crossing, the proposed Interstate 5 bridge. Despite this being a project that would cost billions, has been vehemently criticized for its design (think flat slabs of concrete), is not supported by a majority of the community and is not even sure to reduce traffic congestion, two of three candidates expressed support for its going forward.
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Opponents of CRC oppose Metro’s use of land-use final order
The ongoing process of refining the Columbia River Crossing (CRC) project continues as opponents, including the Northeast Coalition of Neighborhoods (NECN), filed a brief on November 9, 2011, with the Oregon Supreme Court arguing against Metro’s use of a Land-Use Final Order (LUFO), a statute crafted in the 1990s that pertains to light rail projects.
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Conference about CRC reveals lots of money, paper pushing
Last Saturday the Antiplanner participated in a conference about the Columbia River Crossing, a government-planning effort aimed at replacing a bridge that doesn’t need to be replaced so Portland can sneak its light-rail system (and associated land-use planning) into Vancouver, Washington. One of the more fascinating presentations at the conference came from Tiffany Couch, a forensic accountant who has been studying the budget of the planning team called the Columbia River Crossing. It is public knowledge that this team has already spent $130 million doing nothing but pushing paper around. Since the bridge itself could be built for less than a billion dollars, that’s a healthy share of the cost. Of course, the planners’ goal is to spend well over $3 billion on the bridge, which would include money for light rail and other bells and whistles that are probably just as unnecessary.
READ MORE: http://ti.org/antiplanner/?p=5723
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At Hayden Island interchange, CRC will have a huge effect
Thirty-five floating homes sit directly in the path of the Columbia River Crossing, the massive bridge-freeway expansion. The CRC intends to forcibly buy out the locals as construction nears, a plan that inspires resistance, resignation and hope that project is derailed by its considerable funding woes.
READ MORE: http://www.wopular.com/hayden-island-interchange-columbia-river-crossing-will-cast-huge-footprint
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Funding concerns for Columbia River bridge
A regional transportation agency is expressing concern about financing for the Columbia River Crossing project. The Southwest Washington Regional Transportation Council signed off on the Final Environmental Impact Statement last week, but added two statements questioning the $2.63 billion to $3.76 billion project financing. The council board said it is “necessary” to perform an investment grade analysis to answer its “concerns regarding cost-sharing, project costs and potential project phasing.”
READ MORE: http://tomwarnereport.com/2011/08/pid=1016
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Light rail ‘street car’ referenced on city permit
Officials with both the City of Vancouver and CenturyLink said that the notes were simply precautionary and do not mean …
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Oregon State reviews CRC financing plan
Prepared by the Debt Management Division of the Oregon State Treasury. COLUMBIA RIVER CROSSING. FINANCIAL PLAN REVIEW. July 20, 2011 …