SFMTA Receives $116 Million Award from CalSTA

SFMTA Receives $116 Million Award from CalSTA
By

Two Light Rail Vehicles at a Station Platform

A Snapshot from our most recent round of service changes

Back in June, we published a blog about the loss of Proposition A, the Muni Reliability and Street Safety Bond, and what it would mean for our infrastructure projects going forward.

In the post, we reaffirmed our commitment to find alternative sources for these funds. We know that improving Muni and making streets safer remain priorities for our community—and we’re dedicated to making that a reality. We’ve also committed to being transparent about our financial situation and budget, and we have good news to share on that front.

Last week, the California State Transportation Agency (CalSTA) awarded us $116 million for SFMTA Core Capacity projects as part of the fifth cycle of the Transit and Intercity Rail Capital Program (TIRCP). This historic investment will be used to directly fund projects that will make Muni more reliable and dependable. Speeding up Muni and making it a more desirable option for San Franciscans benefits all of us—including easing congestion

Three key components of our system will benefit from this money. Funding for this project will implement the Muni Forward program on three key corridors (K, N, and the 38R Geary lines) to enhance reliability, efficiency, travel times, and rider comfort. Muni Forward has already been successfully deployed on 70 miles of Transit Priority Projects across San Francisco. The new Muni Forward projects will promote reliability and ridership gains on the K Ingleside and N Judah rail lines, and the 38 Geary bus line.

Two phases of our Train Control Update Project will also receive funding from CalSTA. This project will eventually increase capacity by 20 percent on our vehicles that travel through the Market Street tunnel and will for the first time provide the ability for centralized line management of the entire light rail system.

Lastly, CalSTA is providing funding for a Muni Metro Modernization Planning Study, which will identify the next package of investments to provide additional capacity and reliability improvements for the Muni Metro. Together, these infrastructure improvements will provide Muni rail customers faster, longer trains and a quality of service that can be relied on for time-sensitive trips.

The SFMTA also received news last week that Moody’s Investors Service has assigned an Aa3 on revenue bonds forthe SFMTA's outstanding revenue bonds and the agency’s planned issuance of revenue bonds to help fund critical capital projects. Although this is a downgrade from our previous Aa2 rating, Aa3 is currently the highest rating for US mass transit systems’ revenue bonds secured by general operating revenue. Moody’s also assigned the SFMTA a rating outlook of “stable” based on the expectation that our finances will be balanced with federal aid over the next 18-24 and the SFMTA’s commitment to proactively seek additional revenue sources to a maintain structural balance. You can read more about the announcement at our Press Center.

We will continue to update the public as we get a better sense of our financial outlook and identify alternate funding sources for projects that depended on Proposition A funding. We will continue to have more conversations and engagement with community members and community-based organizations on their priorities to deliver a transportation system that works for all San Franciscans.

Published July 09, 2022 at 01:05AM
https://ift.tt/hSTMxCg

Comments

New top story from Time: The Security Perimeter Around the Capitol Starts to Recede — and Washington Feels a Little More Normal

https://ift.tt/3ssgaEo This article is part of the The DC Brief, TIME’s politics newsletter. Sign up here to get stories like this sent to your inbox every weekday. Washington isn’t a city particularly known for its rationality. We do overreaction better than most, and that talent is rivaled only by underreaction. Passions fuel far too much public policy, personalities dictate what is possible and personal relationships often triumph over pragmatism. It’s something I usually bemoan and curse under my breath — or, increasingly, in this newsletter. So you’ll forgive a moment of indulgent irrationality and some merriment. For, you see, the fencing around the U.S. Capitol has come down. Well, not all of it. And the barriers that remain don’t have an expiration date and may never get one. But at least some of the garish barricades that went up in response to the deadly failed insurrection on Capitol Hill on Jan. 6 have been dismantled. The razor-wire on its top is gone, too...

SFMTA to Replace All Parking Meters in the City

SFMTA to Replace All Parking Meters in the City By Jessie Liang San Franciscans will see new parking meters on city streets beginning in early March 2022. Staff from the SFMTA’s Parking Meter Shop will replace the meters at all the nearly 27,000 paid parking spaces in the city because those meters have reached the end of their useful lives, and because many of the meters rely on 3G communications technology that soon will be phased out by the wireless companies. The first new meters will be installed in the South of Market and Mission Bay neighborhoods. SFMTA staff will provide notices on vehicle windshields when the new meters are activated. The new meters will provide several benefits, including larger and more legible screens, more intuitive user interface, more powerful batteries, and more resistance to vandalism. The following neighborhoods will move to a pay-by-license-plate system with new paystations. South Beach SoMa Mission Bay Civic Center H...

FOX NEWS: College student sheds 100 pounds after years of dedication: 'The greatest accomplishment' Lori Odegaard, 24, from Fargo, North Dakota, tells Fox News about her incredible weight loss journey.

College student sheds 100 pounds after years of dedication: 'The greatest accomplishment' Lori Odegaard, 24, from Fargo, North Dakota, tells Fox News about her incredible weight loss journey. via FOX NEWS https://ift.tt/6S8knsb

New top story from Time: How Liberal White America Turned Its Back on James Baldwin in the 1960s

https://ift.tt/2QBsNzv In discussions about race relations today, the works of James Baldwin continue to speak to the present, even decades after they were written. So it is worth remembering that, at the very height of his influence, Baldwin experienced the same frustration that some Black activists, particularly on campus, feel about white liberals today: their refusal to acknowledge their complicity in the regime of white supremacy. In Baldwin’s case, the liberal backlash was widespread, and effectively marginalized him for a time. The very first piece on the front page of the very first issue of The New York Review of Books , Feb. 1, 1963, was a review of Baldwin’s The Fire Next Time by F. W. Dupee of the Columbia English department. Dupee (a former Communist Party organizer) took exception to Baldwin’s apocalyptic tone. “Do I really want to be integrated into a burning house?” Baldwin had written. The answer, Dupee wrote, is that “[s]ince you have no other, yes; and t...

FOX NEWS: Bride's father asks stepdad to help walk her down the aisle in sweet viral moment A selfless gesture by the father of a bride was shared on social media in a viral moment of him surprising the girl’s stepfather by asking him to help walk her to the altar.

Bride's father asks stepdad to help walk her down the aisle in sweet viral moment A selfless gesture by the father of a bride was shared on social media in a viral moment of him surprising the girl’s stepfather by asking him to help walk her to the altar. via FOX NEWS https://ift.tt/fUBoKx9

New top story from Time: Pfizer-BioNTech Have Started Testing Their COVID-19 Vaccine in Children Under 12

https://ift.tt/3vWOQjL Alejandra and Marisol Gerardo are nine years old but already making a little bit of history. The twin sisters are among the first young children to get vaccinated with a COVID-19 shot in Pfizer-BioNTech’s study of its vaccine in kids under age 12. Alejandra and Marisol had their blood drawn in the morning on March 24, then got their first dose of the two-dose vaccine later that afternoon. “Their primary concern was, ‘is it going to hurt,’” says their father, Dr. Charles Gerardo, chief of emergency medicine at Duke University School of Medicine. “They’re not too worried about the long term side effects; they’re looking at the moment, not the future.” Testing the vaccine in younger children will answer critical questions about how much immunity the shots can provide, and potentially give parents and education officials more confidence in re-opening schools. While it appears that younger children don’t get as sick with COVID-19 as older teens and adult...

New top story from Time: I Found a Rainbow At the End of My Hunt For a Vaccine Appointment

https://ift.tt/3dt1i2v A version of this article also appeared in the It’s Not Just You newsletter. Sign up here to receive a new edition every Sunday. CHASING RAINBOWS (AND VACCINES) We humans are notoriously unreliable, superstitious narrators, always scanning the horizon for signs that validate what our hearts have already told us. Take me, for example. I keep telling people I was vaccinated at Hogwarts’ Manhattan campus under the waxing moon (it was a gibbous moon to be exact). How auspicious! Ok, so my COVID-vax site was really The City College of New York . But stepping through its big old gothic gates to receive a blessing of science was wondrous, maybe a little spiritual. There was even a rainbow-y halo around that big moon, another lucky omen if you’re hungry for such things. I started digging for lore on moons and rainbows and learned that the physics of rainbows doesn’t detract from the mythical place they have in our cultural imaginations. In fact ...

FOX NEWS: Tiger’s pumpkin snatch fail tickles the internet: 'Run pumpkin run' A viral video of Frances the tiger's attempt at carrying a jack-o'-lantern away at the Nashville Zoo has become a Halloween classic

Tiger’s pumpkin snatch fail tickles the internet: 'Run pumpkin run' A viral video of Frances the tiger's attempt at carrying a jack-o'-lantern away at the Nashville Zoo has become a Halloween classic via FOX NEWS https://ift.tt/3w62gKB

BRT Service on Van Ness to Begin Tomorrow

BRT Service on Van Ness to Begin Tomorrow By Jiaying Yu Tomorrow, April 1, we will cut the ribbon on San Francisco’s first Bus Rapid Transit (BRT) corridor on Van Ness Avenue. The public is invited to join and celebrate this historic moment in front of the War Memorial. The ribbon-cutting will include speeches from local and state leaders, performances from local musicians and giveaways. After the ribbon is cut, there will be an inaugural ride on the new Van Ness BRT corridor to North Point where the celebration continues with live music. BRT service on Van Ness is part of Muni’s Rapid Network, which prioritizes frequency and reliability for customers. Muni and Golden Gate Transit customers are expected to experience 32% shorter travel times. With dedicated transit lanes in the middle of the road, enhanced traffic signals with Transit Signal Priority and new platforms and shelters, the Van Ness BRT corridor will be the fastest way to travel north-south in this part of...

New top story from Time: ‘Judge Me By My Actions.’ Trevor Lawrence Discusses the 2021 NFL Draft and Questions About His Work Ethic

https://ift.tt/3vvFjiL Trevor Lawrence, the former Clemson star quarterback and presumptive top overall selection in the 2021 NFL draft—which begins Thursday—has had one hectic month of April. He’s prepping for the most important night of his football life. He married his longtime girlfriend, Marissa Mowry. (The honeymoon will have to wait). He signed endorsement deals with Gatorade, Topps, which has offered both physical trading cards and NFTs with his likeness, and the cryptocurrency investment app Blockfolio —his signing bonus was paid in crypto. On Wednesday morning, Lawrence announced he signed an endorsement deal with Adidas. He’s also received a taste of the ridiculous headaches a franchise quarterback must endure. Quarterback, more than perhaps any position in all of pro sports, unmasks the obsessiveness of sports fans. Especially a player like Lawrence, whom ESPN draft guru Mel Kiper Jr. rates as the fourth-best quarterback draft prospect since 1979, trailin...

My precise view

Search This Blog