Daily News | SEPTA says it can’t afford to build the Roosevelt Boulevard subway line
SEPTA’s chief executive dampened hopes for a Roosevelt Boulevard subway on Friday, saying that the transit authority doesn’t have the money now or a secure enough regional funding base to make the massive project happen.CEO and General Manager Leslie S. Richards told the Philadelphia Business JournalBuilding a subway-elevated rail line down the median of Roosevelt Boulevard would cost at least $3 billion, Richards said.
Like any expensive transit project, a boulevard subway may be a long shot amid intense competition for funding, but until this week» READ MORE:Arzu, the transportation scholar, said he was surprised by Richards’ comments, adding that she “is being honest about SEPTA’s situation,” and he appreciates that.
A Boulevard subway could draw up to 124,500 daily riders, according to a 2003 city Planning Commission study. SEPTA’s current $1.1 billion capital budget is its largest ever, but some big metropolitan systems regularly have twice that for upgrades. According to SEPTA, similar regions around the U.S. have invested an average of 75% more in transit than Southeastern Pennsylvania. Metro Denver, for example spends $120 per capita annually, to $17 per capita contributed from the governments of Philadelphia and its four suburban counties, SEPTA says in its budget documents.
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