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LTE: Ashburn Resident Questions Rail Project

Writer ponders whether county services will be lost in exchange for Metro commitments.

 

Editor,

The Dulles Rail Project just becomes more absurd every day. As more analysis and reports come back showing the same things, the train provides no appreciable decrease in traffic; the train provides no substantial increase in property value; the train never offers a sustainable economic growth model. Here’s a hint: nothing that costs $4.5 billion can ever pay for itself. Where will the money come from? More debt. National debt, state debt, and county dept. Loudoun already owes a billion dollars. And as debt service threatens to overtake our county budget, the unstoppable train threatens to add $111 million dollars to the budget every year in overhead costs. That’s right, not only does this behemoth not ever pay for the capital costs, it doesn’t pay for itself on a yearly basis. 

Maybe we have extra money floating around our budget, let’s see … We could cut 11 schools from the budget, or maybe we could get rid of the entire sheriff’s department, and parks and recreation. We could eliminate all of the school administration (maybe there is an upside to this). Vital county services or we can have a train. The only other alternative is another 10 percent tax increase from a conservative board of supervisors that was soundly elected because Loudoun taxes are too high to begin with.

[Editor's note: Loudoun's share of the construction costs—about $5.4 billion for both phases—is currently estimated at about $260 million, while operation and maintenance costs are estimated at $20-$30 million annually.]

About this column: Send your letters to ashburn@patch.com. Related Topics: Ashburn Metro

Tax Pig

8:56 am on Thursday, March 15, 2012

Good letter.
Note to Editor from an amateur mathematician on how an objective cost analysis’ will eventually reveal costs far in excess of the $20-$30M.
Missing from those numbers is this.

Metro has announced it is lacking $6.5 BILLION to rehabilitate the system thru 2020, that's 8 years.
If Loudoun buys in they will be the 9th shareholder in this fixer-upper deal.
$6.5 BILLION divided by 9 shareholders = $722 MILLION each.
Divide $722 MILLION by 8 years and you have payments to Metro = $90M/yr.
The amounts may vary, but Loudoun needs to know that Metro is chronically underfunded and they want us to be their cash-cow.

email your supervisors at BOS@loudoun.gov and say NO METRO TAX

www.LoudounOptOut.com

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Charles

6:25 pm on Thursday, March 15, 2012

Just a point of order... all of the money spent on the project is taxpayer money or commuters not actually riding on rail. Whether it comes from Loudoun, Virginia, the United States or a new Tax Zone, It is coming out of our pockets, or at least our credit. No one every recovers a penny of this money because the outlay is simply too big. Here's a hint, 6% interest on $2.81B is $168.6M That the first year interest on the cost of construction. Benefit in the first year?

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