A top transportation expert said San Antonio could better address its traffic issues with less pricy options. SanAntonio SATX SanAntonio ElonMusk BoringCompany Hyperloop Texas
Members of the Alamo Regional Mobility Authority discuss the proposal from Elon Musk's Boring Co. at a recent meeting.Although his $267.5 billion in wealth makes him the richest man in the world, questions swirl about whether the hostile takeover bid amounts to more than an effort to troll the platform. Musk doesn't have the required cash on hand, according to reports, and no bank has come forth willing to finance the deal.
But experts question the need for that scheme, pointing out that it doesn't exactly fit the bill as a public transportation project. Public transportation works to connect people to sources of employment, essential services and reduce traffic congestion, according to the Federal Highway Administration.
He added:"North of the airport, along [U.S. Highway] 281, there is congestion, some of it due to construction, but that's not the case here," Schrank said."So, there's not that incentive to jump into that tunnel to avoid problems on the roadways."Bexar County Commissioners Court created the Alamo Regional Mobility Authority as an independent government agency in 2003, whose purpose was to"address congestion and mobility concerns" throughout San Antonio.
With hopes of generating additional revenue — and proving its own necessity — the Alamo RMA began inquiring in 2019 whether transit-industry leaders were interested in partnering on a public transportation infrastructure project. Specifically, the project that would connect the country's 46th busiest airport with a downtown that caters heavily to tourists.
Boring Co. also estimates the project would generate $25 million annually for the Alamo RMA, although it's difficult to see how that number is feasible.
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