BART Oakland Airport Connector Gets More Expensive

A controller's memo sent to BART officials yesterday warned that constructing the controversial $484 million Oakland Airport Connector will drain millions more away from the system's general fund than previously believed.

BART's failure to secure a $105 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan last year will not go unnoticed when — or, rather if — shovels hit the ground to construct the monorail-like project.

Per BART's controller-treasurer, sans the federal loan, yearly financing costs will jump from $8 million to $11 million and the anticipated hit to the general fund would swell from $29 million to $46 million.

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