Layne: Va. Beach to pay light rail money back in installments
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Layne: Va. Beach to pay light rail money back in installments

September 7, 2019


NEIGHBORS HOME AND SEXUALLY ASSAULTED HER WHILE SHE WAS SLEEPING. HE’S CHARGED WITH BURGLARY AND FORCIBLE SODOMY. ANITA: THE BONUS TO BRING LIGHT RAIL TO VIRGINIA BEACH HAS TURNED INTO A BILL. THE CITY WILL HAVE TO RETURN IT BUT IT A LOT OF MONEY. MATT GREGORY HAS A LOOK AT HOW THE CHECK WILL BE WRITTEN AND WHETHER TAXPAYERS ARE ON THE HOOK AS WELL. REPORTER: THIS IS THE ONE PURCHASED WITH MONEY FROM THE STATE FOR LIGHT RAIL. BUT WITHOUT LIGHT RAIL, THE STATE WANTS THE MONEY BACK. NOW IT LOOKS LIKE THERE’S NO OTHER OPTION. THE CITY OF VIRGINIA BEACH WILL HAVE TO PAY THE $20 MILLION BACK. THESE OLD TRACKS NOW BELONG TO VIRGINIA BEACH. WE OUGHT TO CONTROL THAT PIECE OF PROPERTY THAT RUNS THROUGH THE CENTER OF OUR CITY. REPORTER: THE PURCHASE MAY NOT HAVE COME THE WAY HE WANTED. THE CITY GOT STUCK WITH A $20 MILLION BILL TO THE STATE. BY PHONE, SECRETARY OF TRANSPORTATION EXPLAINED WHY IT DIDN’T HAPPEN. THEY WANTED TO BUILD OTHER THINGS ON THE RIGHT-OF-WAY. THAT WOULD NOT BE ACCEPTABLE TO THE STATE. IT WOULD BE $20 MILLION PAID BACK, $5 MILLION HERE. REPORTER: THEY SAY THEY HAVE FUNDS GENERATED SPECIFICALLY FOR THE LIGHT RAIL PROJECT. THE REPORTER: SALES TAX INCREASE AND OTHER REVENUE SOURCES. THE BILL IS IN AND THE TAXPAYERS WILL PAY IT. I TALKED TO THE MAN WHO STOPPED LIGHT RAIL IN HITS TRACKS HAD ASKED WHAT HE THOUGHT ABOUT THE BILL OWED NOW. IT’S NOT A LOST VALUE, IT SOMETHING THAT WILL USE — BE USED IN THE TIME COMING. REPORTER: THAT IS A VIEW THE MAYOR SHARES. HE WILL LOOK AT HOW TO USE THE RIGHT-OF-WAY DOUBT THAT CITY WILL OFFICIALLY OWN IT. IT GIVES US A HUGE OPPORTUNITY TO CONTROL A PIECE OF PROPERTY THAT GOES RIGHT THROUGH THE MIDDLE OF OUR CITY THAT I HOPE WILL BE USED FOR A TRANSPORTATION PROJECT. REPORTER: THE REAL ESTATE TAX WILL CONTINUE, IT’S ABOUT ONE POINT EIGHT CENTS.

1 Comment

  • Reply MrSquareart February 2, 2017 at 2:54 am

    crazy! crazy! crazy!!!!!!!!!!!!!!!!! light rail is needed!!!

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