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Nashville mayor's proposed $3.1 billion transit plan projected to pass


Nashville mayor's proposed $3.1 billion transit plan projected to pass

NASHVILLE, Tenn. (WSMV) - Nashville Mayor Freddie O'Connell's "Choose How You Move" transit plan is projected to pass in Davidson County.

O'Connell's plan promises to get Nashvillians and those traveling around Davidson County to their destination safer and faster while also cutting the cost of transportation.

Passage of this measure adopted by Ordinance BL2024-427, allows the Metropolitan Government to complete the entire priority sidewalk network when combined with annual capital spending, provide significantly expanded 24- hour public transportation service 365 days a year including frequent service on major routes, add more neighborhood transit centers, improve safety for all roadway users, and upgrade and modernize nearly two-thirds of the city's signalized intersections. This program's capital cost is estimated to have a current cost of $3,096,000,000. Once construction is complete, the estimated value of recurring annual operating and maintenance costs is approximately $111,000,000. The Metropolitan Transit Authority (WeGo), Nashville Department of Transportation and Multimodal Infrastructure, Metro Planning Department, and Mayor's Office, in partnership with other Metro departments, will undertake implementation of the program. This program will be funded by federal grants, revenues from transportation system fares, debt, and a sales tax surcharge of 0.5%. The tax surcharge will end once all debt issued for the transit improvement program has been paid and the Metropolitan Council determines by resolution that the revenues from the tax surcharges are no longer needed for operation of the program.

The program is estimated to cost $3.1 billion and would be paid for by federal grants, revenues from transportation system fares, and a sales tax increase of a half-penny.

The increase will take effect February 1, 2025, and later end when "all outstanding debt has been repaid."

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