Philadelphia Transit Hub Seeks $394 Million Lifeline After Cuts
A SEPTA regional rail train arrives at 30th Street Station in Philadelphia.
Photographer: Ryan Collerd/BloombergThe cash-strapped Southeastern Pennsylvania Transportation Authority, or SEPTA, requested approval Friday for an up to $394 million bailout to cover a funding gap that led to drastic service cuts.
Transit agency officials asked the Pennsylvania Department of Transportation to approve the one-time use of its state capital assistance funds to fill a $213 million budget deficit, according to Scott Sauer, the general manager for the agency, in a Friday press briefing. That will give the agency enough runway to restore full service for the next two years, he said.