Mayor Dannel P. Malloy responded today to news that Senator John McCain (R-AZ) has apparently included the Stamford Urban Transitway on his hit list of transit projects in the U.S. Department of Transportation’s 2010 spending bill, which is slated for a vote this week in Congress. Sen. McCain proposed more than 20 amendments to the legislation, in an effort to prohibit fellow lawmakers from earmarking Federal Transit Administration aid for local transit systems.
“I’m disappointed that Senator McCain would try to kill a project that will create jobs and contribute to the economic stability of our city,” said Mayor Malloy. “After decades of planning, the Stamford Urban Transitway is already considered to be a national model for transit-oriented development, livability, and economic revitalization – exactly the kind of projects that are needed right now in cities and towns across Connecticut and throughout the country.”
The Stamford Urban Transitway is an urban-area roadway that connects Interstate-95 and the Boston Post Road to the Stamford Intermodal Transportation Center (SITC) and opens up the south waterfront area of Stamford to one of the largest real estate development in New England and the nation. This transit-oriented development will be a major economic generator, expected to create 2,250 direct jobs and 16,000 additional jobs, approximately 4,000 new units of housing, 10% of which are set aside as affordable, increase local and state tax revenue by $2 billion, and produce a 12:1 benefit to cost ratio.
“Exactly one year after John McCain told us that the ‘fundamentals of our economy are strong,’ he can rest assured that the fundamentals of this project really are strong,” continued Malloy.
The SUT project will also be a model of livability and sustainability, optimizing the use of the SITC and its 225 commuter trains and hundred of buses a day, supporting the development of LEED-certified and green buildings for 12,000 new residents and highly-paid workers, and reducing vehicle miles traveled by 18,900,000 per year.