Funding Approved For The San Francisco Subway Project

San Francisco has managed to gather the $137 million required to secure $937 million in federal financing which will be used to build the Central Subway.

Michael Cabanatuan has reported that there was a lot of allegation as the gap-filling plan barely pulled through last week. He explained that “with the deadline near, and Muni’s financial condition strained, some San Francisco officials feared the agency would be unable to satisfy federal administrators, delaying or endangering the funding of the project. On Tuesday, San Francisco County Transportation Authority officials blasted a much sketchier funding plan presented by Muni, expressed doubt that that agency could meet the federal deadline and demanded a more detailed proposal.”

Mayor Gavin Newsom reportedly met with transportation officials to find the money. It seems it will be coming from high-speed rail bonds and other Muni projects.

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