Oakland Airport Connector loses low interest loan

Streetsblog is reporting:

Unfortunately for OAC proponents, as reported recently in Project Finance Magazine (subscription needed), the US DOT announced its Transportation Infrastructure Finance and Innovation Act (TIFIA) loans for FY 2010-11 and the OAC was not among the projects selected. BART had applied for $105 million from the feds for the $484 million project.

When everyone is done kicking the can on this, then we will have high speed BRT.