VIA Metropolitan Transit’s plans for a fast transit bus line connecting town’s East and West sides is a step nearer to actuality after the transit authority’s trustees accredited a brand new funding settlement with Bexar County.
The deal signed Tuesday secures $102 million in income from VIA’s Superior Transportation District (ATD) in direction of the transit authority’s proposed bus line, dubbed the Silver Line. The ATD makes use of a quarter-cent gross sales tax to fund transportation enchancment tasks round San Antonio.
“The settlement between Bexar County and the Superior Transportation District is an important step as a result of it secures the native funding wanted for VIA to draw federal {dollars}, which we count on to cowl 50% of the undertaking value,” VIA President and CEO Jeffrey C. Arndt stated in a press release.
Slated to open in 2029, VIA’s Silver Line will join Our Woman of the Lake College to the Frost Financial institution Heart. In contrast to VIA’s different bus routes, the Silver Line will journey down a chosen middle lane, permitting it to bypass site visitors and journey extra effectively.
VIA’s different Superior Fast Transit Undertaking, the Inexperienced Line, will join San Antonio Worldwide Airport to Stevens Avenue on the South Facet. VIA expects to finish that undertaking by 2027.
Mixed, the Silver and Inexperienced traces are anticipated to obtain some $416 million in federal {dollars}, marking the primary time in San Antonio’s historical past that the area can have certified for Capital Funding Grants from the Federal Transit Administration.
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