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State Transit Projects may be U.S. Models

The Obama administration said Thursday that it is looking at projects in the Bay Area and potentially Los Angeles as a model to build and repair hundreds of billions of dollars of rail, road, bridge, port and other projects as the nation's infrastructure is crumbling but new federal funds are drying up. The idea is to use federal loans, backed by local tax revenues, to speed up huge transit and other local projects while taking advantage of bargain-basement prices in the recession-hit construction industry and creating jobs at the same time....Sen. Barbara Boxer says of a new transit system plan in Los Angeles says, "It makes a lot of sense to me."

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SF Chronicle