The latest estimates say that Denver’s FasTracks rail projects are only $1.5 billion overbudget, not the $1.8 billion originally reported. The $300 million savings comes from such things as single-tracking light-rail lines that were originally planned to be double tracked.
Denver’s Regional Transit District (RTD) plans to make up the $1.5 billion by selling $800 million more bonds (thus making for a longer pay-back period), and asking the federal government for more money. But officials still expect a $400 million or so shortfall.
