Tuesday, August 21, 2012

Is the City of Austin $385 million bond proposal too much?

The City of Austin is seeking approval for $385 million in new bonds.

http://www.statesman.com/blogs/content/shared-gen/blogs/austin/cityhall/entries/2012/08/17/385_million_austin_bond_packag_1.html

The City of Houston is placing $410 million in new bonds on the ballot this fall.

http://blog.chron.com/houstonpolitics/2012/08/410-million-worth-of-bond-measures-placed-on-november-ballot/

Why does Austin want to bury us in so much more per capita debt?  Hate to say it my be a good time to live in Houston.

L~

Wednesday, March 25, 2009

CapMetro: Drugs for sale on the 1M Route


This ne'er-do-well was offering a 1/4 pound of bud for $375 around 5 PM on 3/24/2009 on the Route 1M bus as it was running East on Rutland.
Mark Ostertag has not even responded to the report.
CapMetro does not seem concerned.
As such, if you need bud ... look this bud up on the 1M.
L~

Capital Metropolitan Transportation Authority

No Rail (yet) , No Money (left), No Security (not even a whisper)...

This month many have opined on the problems at Capitol Metro. I will not deny that these are large problems, but I will insist that the current management has the skill set to see the agency through this period.

On rail, give them a break, this is the first rail project for this outfit and they will need time to develop a depth of experience. Austin needs to be patient and give them the time to do it well.

On the capital cost of building the rail sucking up the financial reserves, there is some criticism due here. When building infrastructure Capitol Metro leans to the style side rather than utilitarian functionality. One only needs to look at the transit centers to know that architects have far too much involvement in the design. Passengers using these transit centers are not protected from wind or rain. As a bald man I do thank them for the shade provided. However on cold and wet days these are worthless. As such too much was spent on style and the money was really wasted.

Capitol Metro needs to quit going for the style points and look more at what is practical. It would be cheaper and have really be useful.
L~