Monthly Archives: February 2010
Norfolk light-rail overages leave funding concerns
By Debbie Messina The Virginian-Pilot © February 26, 2010 HAMPTON Cost overruns on Norfolk’s light-rail project have created a potential cash-flow crunch for the $338 million starter line, Hampton Roads Transit’s board learned Thursday. The increasing costs rolled out over the past couple of months prompted the Federal Transit Administration to hold up $26.8 million
Statement Regarding Local Match for Virginia Beach Transit Study
Philip Shucet, HRT President and CEO, said, “Today I carefully reviewed the verbatim transcript from the May 19, 2009 Virginia Beach City Council meeting, it is clear to me that HRT committed with certainty that no local City funds would be used to fund the Alternatives Analysis and Supplemental Draft Environmental Impact Statement. Though our
Beach council poised to help pay for light-rail study
By Aaron Applegate The Virginian-Pilot © February 22, 2010 VIRGINIA BEACH After two weeks of furious lobbying, Mayor Will Sessoms likely has the six City Council votes needed to give Hampton Roads Transit $244,800 to move the Beach’s light-rail study forward. The $6.6 million study has slowed because HRT is almost out of money for
Transit official OKs inquiry into HRT
By Debbie Messina The Virginian-Pilot © February 20, 2010 Virginia Transportation Secretary Sean Connaughton has ordered an investigation into Hampton Roads Transit’s business practices and light-rail project. HRT’s new president and CEO, Philip Shucet, asked Connaughton last week to authorize an inquiry of the agency, which has amassed more than $100 million in cost overruns
A cost to complete and a new date
February 18, 2010 Click Here to view HRT Cost to Complete Norfolk, Va. – Hampton Roads Transit announced Thursday that the final cost to complete construction of The Tide will be $338.3 million and that passenger service will begin in May 2011. The new figure comes after a six-month review by HRT and its financial