Thanks to Connelly and his backroom deals Fairfax taxpayers are footing the bill for cost over runs of rail project. I'm sick of being one of Gerry's kids!
http://washingtonexaminer.com/opinion/editorials/local/2011/11/examiner-local-editorial-fairfax-taxpayers-hit-dulles-rails-double-
Examiner Local Editorial: Fairfax taxpayers hit with Dulles Rail's double whammy
By: Examiner Editorial | 11/02/11 8:05 PM
.An Oct. 5 Examiner local editorial on Dulles Rail ("Airports authority head lied, and transparency died") warned Fairfax County residents they would get stuck with "all Phase I cost overruns." That's incorrect. We should have said that Fairfax taxpayers will have to pay for most of the transit project's costs, including cost overruns on both Phase I and Phase II. Considering that The Washington Examiner's Liz Essley first reported that Phase I could be delayed by as much as six months, exactly how much that eventually works out to be is anybody's guess. Although the Dulles Rail Full Funding Agreement, which the county signed on March 10, 2009, does not contain the actual words "cost overruns," county spokeswoman Merni Fitzgerald pointed out that "the funding agreement is based on the total cost of the project no matter what the cost is; therefore, [Fairfax County] pays 16.1 percent of the total project cost."
However, what Fitzgerald didn't say is that the county's 16.1 percent share does not include tolls collected from the estimated 60 to 70 percent of Dulles Toll Road users who are also Fairfax County residents. Offered up as sacrificial lambs by former Metropolitan Washington Airports Authority Chairwoman Mame Reiley and former Fairfax County Board of Supervisors Chairman Gerry Connolly during a June 2007 backroom deal, these Fairfax taxpayers now face a double whammy. The county will use their property taxes to fund its 16.1 percent share of Dulles Rail's still-spiraling costs, including an estimated $400 million more for Phase II, while they are simultaneously forced to pay tolls projected to reach as high as $17, according MWAA's own July 11 report.
Only last October -- more than a year after the FFA was signed -- were Fairfax taxpayers finally informed at a public meeting in Reston that future tolls will exceed $1 billion annually to cover 75 percent of the current project costs. Throw in more delays and cost overruns, and there's no place for them to go but up, while contributions by the federal government and wealthy Tysons landowners remain capped. Fairfax taxpayers were originally told that the entire 23-mile Metrorail extension would cost $3.6 billion -- or half of its current price tag. That they're now on the hook for most, if not all, of any future cost overruns racked up by the same contractor that ran up the tab for Boston's "Big Dig" is a small comfort in light of the county's larger betrayal.
Read more at the Washington Examiner:
http://washingtonexaminer.com/opinion/editorials/local/2011/11/examiner-local-editorial-fairfax-taxpayers-hit-dulles-rails-double-#ixzz1cgScHnrp