Quote:
Originally Posted by dfiler
I'm not sure how i feel about the proposed airport redevelopment. A new airport could be nice but I can think of plenty of ways a billion dollars in transportation funds could be better spent in pittsburgh. Off the top of my head, with a billion dollars we could have a real mass transit system. Our current mass transit is so limited that it is hard to depend or base your lifestyle on it.
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If you gave me an unfettered $1.1 billion in public capital to spend, I also wouldn't spend it this way.
But as a matter of federal law, that's not possible. The money for this is mostly (83%) being generated by the airport itself (including bonds, which the airport will pay off through its own revenues). Federal law as currently interpreted actually prohibits the airport from contributing such funding to non-airport projects. The remainder (17%) will be from grants, which are also likely earmarked for airports projects. Note many of these programs are funded by things like ticket fees and aviation fuel taxes, so there is really not even an indirect possibility of retasking those funds for other modes of transportation.
In that context, I'm fine with this. Basically, if the airport didn't spend this money, 17% would go to airports elsewhere, another large chunk (by my math, something like 61%) would just go to higher operating and maintenance costs. The remaining 22% would also have to go to some other airport project, or at most returned to airlines in the form of lower landing fees. But they support the project too, because they recognize their implicit investment in the project is worth it for a better airport (and likely lower operating costs themselves).
In short, basically this money has to be spent on the airport. And this seems like a well-thought-out way to spend it.