METRO is broke (cont'd)

FRESH OFF MICHAEL REED'S reporting on METRO's precarious financial situation, KHOU-11's Mark Greenblatt reports today that the transit agency has announced a budget shortfall of $49 million for this year.

The agency says this development will "slow" spending on light rail. Perhaps it will also kill this murky real-estate deal favored by "NEW METRO" appointees George Greanias and Christof Spieler.

Posted by Kevin Whited @ 08/19/10 01:39 PM | Print |

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