Tri-Met Wants $125 MIllion for New Buses

August 13, 2010

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From the Zero

TriMet wants to replace 150 aging, hard-to-access buses so that it can better serve the approaching wave of retiring baby boomers.

The TriMet board voted unanimously Wednesday to put the property-tax measure on the ballot. If approved, it would cost the owner of a median-priced $240,000 home in the Metro area $19 and change each year.

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TriMet said the new bonds wouldn’t raise taxes, since they would simply replace the ones approved by voters in 1990 for the westside MAX line.

However, property owners wouldn’t see a reduction they would have otherwise seen once those bonds are paid off in 2012.

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