Funding and Next Steps

Currently, The Tide is in the construction phase of the New Starts process. A New Start is a fixed guideway transit project (such as light rail) that is funded through federal grants issued by the Federal Transit Administration (FTA) that allow transit agencies like HRT, to further design and engineer their projects.

HRT executed a Full Funding Grant Agreement in fall 2007 which provided necessary federal funds to begin construction activities. Construction began late 2007 and passenger revenue operations are expected to begin in 2010. The graphic below summarizes the capital funding sources from the FTA, state and local sponsors.

Complete text of the Full Funding Grant Agreement (1.8MB PDF)

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The Tide Capital Funding Sources