Denver's Regional Transportation District (RTD) says it needs to condemn 56 properties in northeast Denver for light-rail expansion. Maybe we can hope RTD has learned some lessons from arousing the ire of property owners on the west side of Denver. The stories of Daniel Gallegos, Kim Snyder, Galen Foster, and others should be instructive. But don't hold your breath. Residents who may be affected by RTD's latest expansion should empower themselves by checking out the resources provided by the Independence Institute's Property Rights Project. … [Read more...]
$7.9 Billion: RTD FasTracks Now Nearly 70 Percent Over Original Cost
The Denver Post reports today that the price tag for Regional Transportation District (RTD)'s taxpayer-funded FasTracks plan has jumped again:The price of the FasTracks rail expansion — if it is to be completed by 2017, as promised to voters — has jumped from $6.1 billion to $7.9 billion, according to officials familiar with RTD's latest analysis of the program. Approved by voters in 2004 for $4.7 billion, estimates later rose to $6.1 billion - a 30 percent increase. Now they have skyrocketed to $7.9 billion, nearly 70 percent higher than original estimates. According to the Post, RTD either has to narrow the scope of the project, delay its implementation, or ask for more tax money:Centennial Mayor Randy Pye, who heads the 37-member … [Read more...]
RTD vs. The American Dream
Via the Independence Institute's (disclosure: where I work) Property Rights multimedia page, here is the "East Denver Story" of Daniel Gallegos, whose family's property was confiscated by the Regional Transportation District (RTD) at well below fair market value: The video is also up at The Property Rights Project blog (along with links to Gallegos' speech and other key documents), at the Caldara blog, at the Competitive Enterprise Institute's Open Market blog, and at Rocky Mountain Right. … [Read more...]