FL: Miami-Dade Says it Has $8B to Spend on New Transit Projects

July 13, 2018
In a few weeks, Miami-Dade plans to sit down with transit companies from around the world to start some tantalizing discussions: How might you spend nearly $8 billion on new projects?

Ahead of meetings in late July with a Spanish company helping build a rail system in Brazil, an Australian investment firm specializing in infrastructure projects and at least a dozen other companies, Miami-Dade published financial projections for tax dollars available for projects through 2057. The total: $7.7 billion.

According to a county calculation, that revenue stream should allow Miami-Dade to borrow about $2.6 billion for a project today — enough for two major Metrorail extensions,. But it would still need to find significant dollars for operations and maintenance ...

Read the complete article at https://www.miamiherald.com/news/local/community/miami-dade/article214772295.html