Supervisors will decide on funding mechanisms this summer
by Kali Schumitz | Staff Writer
Fairfax County officials have started considering how they will pay for nearly $1.5 billion in roads and transit costs that will be needed to support future growth in Tysons Corner.
Last week, county staff outlined a mixture of funding mechanisms to raise the money from both public and private sector sources. The initial staff proposal includes a 55 percent public funding share through bonds, taxes and state or federal transportation dollars, and a 45 percent private share from developer contributions and localized tax districts.
The Fairfax County Board of Supervisors will decide on the funding mechanisms when it considers the new land-use plan for Tysons Corner this summer.
The proposed 55-45 split is unlikely to please either community activists or future Tysons developers. . . .
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