FRESH OFF MICHAEL REED’S reporting on METRO’s precarious financial situation, KHOU-11’s Mark Greenblatt reports today that the transit agency has announced a budget shortfall of $49 million for this year.
The agency says this development will “slow” spending on light rail. Perhaps it will also kill this murky real-estate deal favored by “NEW METRO” appointees George Greanias and Christof Spieler.
