The Davy Crockett
Engineer
IMHO Loudon County is 'grandstanding' and the Silver Line will be completed to at least Dulles Airport, but the fat lady hasn't sung yet... Link to Article - And Another...
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U.S. Secretary of Transportation Ray LaHood expressed optimism a federal loan would be approved to help finance the $5.5 billion Silver Line rail project, funding that would help slow down projected toll rate increases on the Dulles Toll Road.
AFAIK, the tolls on the Dulles Greenway are not going to pay the bonds for the Silver Line. The Dulles Toll Road, which is owned and operated by the MWAA, tolls are what will go up to pay part of the cost of Phase 2 of the Silver Line bonds. If the MWAA can get TIFIA backed loans, which would be at low federal treasury rates, that should save a lot of money over the life of the bonds, and keep the tolls from rising so sharply.About half the financing of this project was to be through sharply higher tolls on the Dulles Toll Road. As scheduled, tolls went up on the first of the year and are scheduled to climb even higher next January 1. Needless to say, the people who live and work along the toll road, and the Dulles Greenway, are crying "FOWL!" This has resulted in political pressure to stop or reduce the next scheduled toll increase on the toll road and there has been talk of Virginia buying the Dulles Greenway from its private owner (What could this imply in the long term for The Beltway's brand new privately held HOT lanes? :huh: ) so that the tolls on the Greenway can either be reduced or to keep the tolls from going even higher. Now, according to this article:
I'm guessing here, but I think the idea behind buying the Greenway (must have been named that for how much green it takes to use it) is to try and keep the tolls from going through the roof for people from Loudon County who use it combined with The Toll Road to commute.AFAIK, the tolls on the Dulles Greenway are not going to pay the bonds for the Silver Line. The Dulles Toll Road, which is owned and operated by the MWAA, tolls are what will go up to pay part of the cost of Phase 2 of the Silver Line bonds. If the MWAA can get TIFIA backed loans, which would be at low federal treasury rates, that should save a lot of money over the life of the bonds, and keep the tolls from rising so sharply.
Sigh... I wouldn't be surprised if the clammering from western Fairfax and Loudon gets loud enough this year - or next, as the increases on 1/1/2015 near - that this issue gets revisited. What do you think are the odds?The Virginia legislature last year came close to providing $300 million in additional state funds for Phase 2 which would have reduced the bond funding portion of the financing. But it got caught up in North Virginia versus rural red Virginia fight where the rural VA House members blocked the funding as I recall it.
I hear you. The early numbers for the I-495 HOT lanes are lower than what had been predicted. One of the big problems I've heard about is that people don't know what lies ahead on the HOT lanes. Imagine paying the toll and then sitting in traffic that is as delayed as the free lanes. That would make me think twice about using them the next time.I had not heard about the state buying the Dulles Greenway. That would be interesting as the McDonnell administration has been the major backer behind the privately owned, state backed "Rt 460" toll road project in SE VA and has been pushing the HOT lane toll road project along. I would not be surprised if in a couple of years, the HOT lane owners are unable to meet their bond payments because of insufficient toll revenue and the state ends up coughing up funds to keep the HOT lanes operating.
Great photos! It is great to see an (almost) actual Metro car on the tracks. However, speaking of the railcars for the Silver Line.The good news is that the Phase 1 construction is moving along nicely. I saw the special clearance test car being towed on the elevated tracks in Tysons last month. January 2013 project status newsletter with photos!
Yes, the reason for buying the Dulles Greenway may indeed be to lower the tolls so the combined toll on Dulles Toll road and Greenway trips are kept down.I'm guessing here, but I think the idea behind buying the Greenway (must have been named that for how much green it takes to use it) is to try and keep the tolls from going through the roof for people from Loudon County who use it combined with The Toll Road to commute.
Sigh... I wouldn't be surprised if the clammering from western Fairfax and Loudon gets loud enough this year - or next, as the increases on 1/1/2015 near - that this issue gets revisited. What do you think are the odds?
I hear you. The early numbers for the I-495 HOT lanes are lower than what had been predicted. One of the big problems I've heard about is that people don't know what lies ahead on the HOT lanes. Imagine paying the toll and then sitting in traffic that is as delayed as the free lanes. That would make me think twice about using them the next time.