While the recession has led to a drastic slowdown in the construction industry, the horizon looks brighter as the Bay Area preps for a welcome infusion of cash from the federal government. The money comes from the federal stimulus bill, the American Recovery and Reinvestment Act of 2009. During his campaign President Obama emphasized the need for increased infrastructure spending as a means to end the recession, increase public transportation, and improve America’s aging infrastructure. The stimulus bill makes good on his campaign promises, with approximately $50 billion dedicated to core infrastructure spending on bridges, roads, rail, and other transportation projects.
On June 6, 2006, Santa Clara County voters soundly rejected Measure A, which proposed a half-cent tax increase designed to rescue the financially struggling BART extension to Santa Clara County. Measure A was defeated 127,935 (57.41%) “no” votes to 94,891 (42.59%) “yes” votes.
The $4.7 billion BART extension is now in serious doubt, as without the…
On May 5, 2006, California lawmakers approved a series of bills that would place a record $37.3 billion public works spending plan before voters in November, reviving the earlier proposal that failed to pass the Legislature earlier this year when lawmakers and the governor could not reach a compromise.