Austin to study paying for $1.3 billion rail line

June 25, 2010 5:04:41 AM PDT
Austin leaders have voted to spend $100,000 to study how to pay for a proposed $1.3 billion urban rail system. The Austin City Council on Thursday also approved a plan pushing back a possible light rail line bond election by a year, to 2012.

The rail finance study by Public Financial Management, Austin, is expected to be completed this fall.

The proposal includes rail service to Austin-Bergstrom International Airport.

A commuter line, Capital Metro's MetroRail, opened in March with service connecting Leander and downtown Austin.