| Oregon Streetcar Project Fund |
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| Project Overview |
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The 2007 Oregon Legislature created the Oregon Streetcar Project Fund for the purpose of financing grants to municipalities for purchase of contemporary rail-based streetcars used in public transit systems. The streetcars are to be purchased from an Oregon–owned and Oregon-based manufacturer. It is estimated that up to 300 permanent new manufacturing jobs may be created as a result of this project. There will be up to $20 million dollars of lottery backed revenue available for this project.
PTD’s current schedule is to have a hearing on the rules on March 21, 2008 with OTC approval at their April 23, 2008 meeting. Bonds are slated to be sold in the first quarter of 2009.
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| Administrative Rule |
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ODOT's Public Transit Division has been assigned to administer the project and staff has drafted administrative rules to implement the grant process. The division invites comment on the rule. The division anticipates the grant application process will be underway in fall 2008. For more information about the Oregon Streetcar Project contact the Public Transit Division. For information about how to comment on the rules refer to the ODOT Administrative Rules Web site.
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