More on METRO’s $2.6 billion referendum workaround

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THE CHRONICLE reports on METRO’s plans to issue $2.6 billion in bonds to finance its light rail construction (and, ostensibly, to avoid the limits imposed by the 2003 referendum on the boondoggle’s skyrocketing costs).

The Examiner‘s Michael Reed reported on METRO’s bond plans last week.

BLOGVERSATION: Rhymes with Right, T F Stern’s Ramblings.


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Kevin Whited is co-founder and publisher of blogHOUSTON. Follow him on twitter: @PubliusTX