You know what that means. They're going have use allocated money on construction — money they were planning to use for freeways and surface streets.
Jungwirth tells me that the agencies believe the financing will be there when it's needed, without eliminating any of the planned roadwork. They'll continue to revise the estimated revenue as the economy changes over the 20-year life of Proposition 400, he says. Who's to say things won't turn around?
Maybe Jungwirth is right; maybe this thing will pay for itself. But I suspect I'm not the only one who'll be cursing the loss of $86 million the next time I'm stuck on the I-17.