SPLOST might fund proposed Cobb transit system – Atlanta Business Chronicle

A Cobb County official says that about $100 million of a proposed $494 million bus-rapid transit system that would connect Kennesaw State University to Midtown Atlanta might be paid for through a SPLOST – special local option sales tax, reports Marietta Daily Journal.

The Cobb Board of Commissioners heard Tuesday how funding for the project could break down during a presentation by Ed Ellis, project manager for Kimley-Horn and Associates, the paper reports.

The largest part of the $494 million cost – $242 million – could be paid by the New Starts grant administered by the U.S. Department of Transportation’s Federal Transit Administration, Ellis estimated.

Some $152 million could come from other sources that include federal grants, Cobb’s cities and universities, community improvement district funds, naming rights revenue, potential public-private partnerships and private organizations, he said.

Cobb Chairman Tim Lee said talks are taking place about the possibility for a SPLOST referendum on November’s ballot that could pay for up to $100 million of the project, the Marietta paper reports.

via SPLOST might fund proposed Cobb transit system – Atlanta Business Chronicle.