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complete it’s 103-mile system." said Mr. Halaby, "and there is absolutely no possibility that .they will grant federal funds or federal credit to extend Metro out into this area.”
He and Mr. Stanley explained that because the federal government operates under the burden of a huge deficit, it is unlikely that massive, expensive regional transportation concepts such as roads and rail will be abundantly funded. Therefore the burden of building and paying for roads and rail systems rests with private industry and the users in cooperation with state agencies.
Mr. Halaby said he believes the way to finance the rail is through a special transportation district. Plans for DAKT Rail an* held up in Fairfax County where land owners must petition for a transportation service district
If the owners of .71 percent of the assessed valuat ion agi ee to a tax district, they will be taxed up to 20 cents per $100 valuation. Then a Northern Virginia Transportation Commission would be set up to issue bonds serviced by the tax.
The TRCV also is seeking approval from land owners. Unlike the state, which is able to condemn land for the state use, TRCV must rely on landowner donations to clear the path for the toll road extension. Approximately 70 percent of the land owners have agreed to contribute thusfar, according to Mr. Stanley.
lake any business. Mr. Stanley believes he must work to sell his product.
“We are marketing a piece of infrastructure." the corporation's
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