The popular radio program hosted by Warren Olney on 89.9 FM will look at the situation with the sale of Prop 1B funds tonight at 7 p.m. David Yale, the deputy executive officer for countywide planning at Metro, will be the guest. Listen here at 7 p.m. (with the “on air” tab at top of page) or at a later time.

As we explained in a recent post, the state canceled the spring sale of Prop 1B bonds, costing Metro $174 million. If the fall bonds are also not sold — a possibility without a state budget — Metro could lose another $400 million.

And that could mean impacts or delays to the I-405 Sepulveda Pass Improvements Pass Project, the first phase of the Expo Line and the Orange Line busway extension, among others — and the Expo Line and Orange Line are almost complete. The Daily News ran a hard-hitting story yesterday explaining what’s at stake.