“With the magnitude of the dollar figure we’re talking about, I don’t see $23 billion of cash falling from the sky,” Foxx said. “This is going to be a patchwork exercise from a funding standpoint.”
Foxx said the federal government remains fully committed, and before Obama’s term ends, he wants local permitting and funding firmly in place. He spoke at a conference organized by the Regional Plan Association, which advocates for mass transportation as an economic engine for the metropolitan area.
Read the full article in Bloomberg News.