Nice graphic from Metro staff showing that business leaders across the country are supporting America Fast Forward, the federal legislation that would allow Metro and other transit agencies to use federal loans and financing to speed up construction of big projects.
If Metro can persuade Congress to adopt the law as part of its next big transportation spending bill, the agency is hoping to use AFF to accelerate the building of the 12 transit projects — and many worthwhile highway projects — approved as part of 2008’s Measure R sales tax increase.
Problem is, many in Congress aren’t in much of a spending mood these days — even if AFF would cost a lot less than directly funding projects. We posted earlier today that the New York Times editorial board is predicting the debt-ceiling deal approved by Congress earlier this month means gloomy times ahead for states and cities. And KPCC also has a good report showing that it’s going to be politically difficult to secure more federal dollars for transportation without a federal gas tax increase — which is unlikely anytime soon.
At least in the meantime we can see that business leaders across the United States understand the need to jump-start transit construction. Doing so means creating jobs, not to mention transportation infrastructure to help people get to jobs for many decades to come.