Santa Cruz RTC exploring borrowing money for projects

Santa Cruz RTC exploring borrowing money for projects

SCOTTS VALLEY, Calif. (KION-TV) - The Santa Cruz County Rail-Trail Commission may be changing the scope of the coastal rail trail project in the face of funding problems. According to a staff report, the Measure D funds that make up a bulk of the commission's budget have been getting spent faster than they're being accrued. The commission is passing motions today to look into financing options for short or long-term borrowing, as well as develop…

Rail trail cost overruns push RTC to revive railbanking debate

Faced with a $72 million shortfall for some sections of the Coastal Rail Trail, the Santa Cruz County Regional Transportation Commission on Thursday resurrected a plan to remove railroad tracks despite voters rejecting the idea in 2022. The post Rail trail cost overruns push RTC to revive railbanking debate appeared first on Lookout Santa Cruz.