logo
Austin Light Rail: Project could bring jobs to Austin

Austin Light Rail: Project could bring jobs to Austin

Yahoo27-02-2025

The Brief
The Austin Light Rail project is on track to expand routes across the city
With this project, it could bring more jobs to the Austin area
Small business owners are getting the opportunity to network for the project
AUSTIN, Texas - As a $7 billion plan to bring light rail service to Austin moves forward, many local businesses and workers are hoping to help build it.
On Wednesday, the Austin Transit Partnership hosted an event for those businesses, and also gave an update on the project.
Timeline
"We want Austin to help us build this for Austin," said Austin Transit Partnership Executive Vice President for Design and Lindsay Wood.
The Austin Light Rail is on track. The 10-mile street-level railroad will stretch from 38th and Guadalupe Streets though the UT campus and into Downtown, then down Congress to Oltorf. Another branch will head east on Riverside Drive to SH 71. The project also allows for future extensions to the airport and the Crestview train station on North Lamar.
"We are actively seeking additional funding opportunities to be able to accelerate that extension," said Wood.
With construction set to start in 2027, the focus now turns to who will design and build the railroad and its 15 stations.
"Austin is looking at billions of dollars in construction," said Tina Cannon, a small business owner and CEO of the Austin LGBT Chamber of Commerce. "And now it's time for small businesses to get engaged and involved."
What they're saying
On Wednesday, the Austin Transit Partnership invited local companies who may want a piece of the three big contracts that will be up for grabs next year.
"So we're here today bringing on those potential industry partners that will need to help us get shovels in the ground," said Wood.
"Everything from nail and board type construction to engineering firms," said Cannon.
Austin-area small businesses sat alongside big construction outfits for networking and training workshops.
"It's all about relationships," said Helen Callier, founder of Permit Us Now. "To, number one, see folks we may already know and have some conversations. And number two, see folks we may not have met before in the industry to be able to start those conversations."
"It's a chance for small businesses to have a say now. So then when it comes time to actually bid on the process, it's a much smoother process," said Cannon.
In the meantime, the Austin Transit Partnership is working on getting federal funding for the $7.1 billion project, which is expected to bring thousands of local jobs.
"All boats rise together," said Callier. "So for the small businesses, we play a critical role in the economy in the local area, for Austin and, of course, the surrounding communities. And it makes a difference."
Why you should care
If you're a business owner who would like to get involved but weren't able to make it to Wednesday's event, click here.
The Source
Information from interviews conducted by FOX 7 Austin's John Krinjak

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

A $91K salary is needed to afford rent in the Seattle area
A $91K salary is needed to afford rent in the Seattle area

Axios

timean hour ago

  • Axios

A $91K salary is needed to afford rent in the Seattle area

You have to make nearly $91,000 per year to afford the typical monthly rent in the Seattle metropolitan area, according to a new report. Why it matters: That's about 23% higher than what a Seattle-area household would have needed to earn five years ago, per the analysis from Zillow. It's also about $10,000 more than the income needed to afford the typical rent nationwide, Zillow found. What they did: Zillow assumed that rent should take up no more than 30% of household income — a common standard for calculating affordability. Zoom in: By that measure, affording the typical Seattle area-rent — which came in at $2,271 in April — requires an annual income of $90,840. That's the 11th-highest income needed among the dozens of U.S. metros analyzed by Zillow. Yes, but: The median household income in the Seattle-Tacoma-Bellevue area was $110,744 in 2023 — well above what is needed to afford the typical monthly rent, per Zillow's analysis. That said, a single person may be in for more of a struggle. Census data pegged the per capita income in Seattle at $82,508 in 2023. What they're saying: "Housing costs have surged since pre-pandemic, with rents growing quite a bit faster than wages," Orphe Divounguy, senior economist at Zillow, said in a news release.

Musk could lose billions of dollars depending on how spat with Trump unfolds
Musk could lose billions of dollars depending on how spat with Trump unfolds

Associated Press

timean hour ago

  • Associated Press

Musk could lose billions of dollars depending on how spat with Trump unfolds

NEW YORK (AP) — The world's richest man could lose billions in his fight with world's most powerful politician. The feud between Elon Musk and Donald Trump could mean Tesla's plans for self-driving cars hit a roadblock, SpaceX flies fewer missions for NASA, Starlink gets fewer overseas satellite contracts and the social media platform X loses advertisers. Maybe, that is. It all depends on Trump's appetite for revenge and how the dispute unfolds. Joked Telemetry Insight auto analyst Sam Abuelsamid, 'Since Trump has no history of retaliating against perceived adversaries, he'll probably just let this pass.' Turning serious, he sees trouble ahead for Musk. 'For someone that rants so much about government pork, all of Elon's businesses are extremely dependent on government largesse, which makes him vulnerable.' Trump and the federal government also stand to lose from a long-running dispute, but not as much as Musk. Tesla robotaxis The dispute comes just a week before a planned test of Tesla's driverless taxis in Austin, Texas, a major event for the company because sales of its EVs are lagging in many markets, and Musk needs a win. Trump can mess things up for Tesla by encouraging federal safety regulators to step in at any sign of trouble for the robotaxis. Even before the war of words broke out on Thursday, the National Highway Transportation Safety Administration requested data on how Musk's driverless, autonomous taxis will perform in low-visibility conditions. That request follows an investigation last year into 2.4 million Teslas equipped with full self-driving software after several accidents, including one that killed a pedestrian. A spokesman for NHTSA said the probe was ongoing and that the agency 'will take any necessary actions to protect road safety.' The Department of Justice has also probed the safety of Tesla cars, but the status of that investigation is unclear. The DOJ did not respond immediately to requests for comment. The promise of a self-driving future led by Tesla inspired shareholders to boost the stock by 50% in the weeks after Musk confirmed the Austin rollout. But on Thursday, the stock plunged more than 14% amid the Trump-Musk standoff. On Friday, it recovered a bit, bouncing back nearly 4%. 'Tesla's recent rise was almost entirely driven by robotaxi enthusiasm,' said Morningstar analyst Seth Goldstein. 'Elon's feud with Trump could be a negative.' Carbon credits business One often-overlooked but important part of Tesla's business that could take a hit is its sales of carbon credits. As Musk and Trump were slugging it out Thursday, Republican senators inserted new language into Trump's budget bill that would eliminate fines for gas-powered cars that fall short of fuel economy standards. Tesla has a thriving side business selling 'regulatory credits' to other automakers to make up for their shortfalls. Musk has downplayed the importance of the credits business, but the changes would hurt Tesla as it reels from boycotts of its cars tied to Musk's time working for Trump. Credit sales jumped by a third to $595 million in the first three months of the year even as total revenue slumped. Reviving sales Musk's foray into right-wing politics cost Tesla sales among the environmentally minded consumers who embraced electric cars and led to boycotts of Tesla showrooms. If Musk has indeed ended his close association with Trump, those buyers could come back, but that's far from certain. Meanwhile, one analyst speculated earlier this year that Trump voters in so-called red counties could buy Teslas 'in a meaningful way.' But he's now less hopeful. 'There are more questions than answers following Thursday developments,' TD Cowen's Itay Michaeli wrote in his latest report, 'and it's still too early to determine any lasting impacts.' Michaeli's stock target for Tesla earlier this year was $388. He has since lowered it to $330. Tesla was trading Friday at $300. Tesla did not respond to requests for comment. Moonshot mess Trump said Thursday that he could cut government contracts to Musk's rocket company, SpaceX, a massive threat to a company that has received billions of federal dollars. The privately held company that is reportedly worth $350 billion provides launches, sends astronauts into space for NASA and has a contract to send a team from the space agency to the moon next year. But if Musk has a lot to lose, so does the U.S. SpaceX is the only U.S. company capable of transporting crews to and from the space station, using its four-person Dragon capsules. The other alternative is politically dicey: depending wholly on Russia's Soyuz capsules. Musk knew all this when he shot back at Trump that SpaceX would begin decommissioning its Dragon spacecraft. But it is unclear how serious his threat was. Several hours later — in a reply to another X user — he said he wouldn't do it. Starlink impact? A subsidiary of SpaceX, the satellite internet company Starlink, appears to also have benefited from Musk's once-close relationship with the president. Musk announced that Saudi Arabia had approved Starlink for some services during a trip with Trump in the Middle East last month. The company has also won a string of other recent deals in Bangladesh, Pakistan, India and elsewhere as Trump has threatened tariffs. It's not clear how much politics played a role, and how much is pure business. On Friday, The Associated Press confirmed that India had approved a key license to Starlink. At least 40% of India's more than 1.4 billion people have no access to the internet. Ad revival interrupted? Big advertisers that fled X after Musk welcomed all manner of conspiracy theories to the social media platform have started to trickle back in recent months, possibly out of fear of a conservative backlash. Musk has called their decision to leave an 'illegal boycott' and sued them, and the Trump administration recently weighed in with a Federal Trade Commission probe into possible coordination among them. Now advertisers may have to worry about a different danger. If Trump sours on X, 'there's a risk that it could again become politically radioactive for major brands,' said Sarah Kreps, a political scientist at Cornell University. She added, though, that an 'exodus isn't obvious, and it would depend heavily on how the conflict escalates, how long it lasts and how it ends.' ___ Associated Press Writer Barbara Ortutay in San Francisco contributed to this report.

Fueled by trade tensions and foreign wars, a rush for an obscure mineral heats up in Alaska
Fueled by trade tensions and foreign wars, a rush for an obscure mineral heats up in Alaska

Yahoo

time2 hours ago

  • Yahoo

Fueled by trade tensions and foreign wars, a rush for an obscure mineral heats up in Alaska

A sign warns of a sled dog crossing along Old Murphy Dome Road outside Fairbanks. The road leads to a site where an Australian company called Felix Gold could begin mining antimony. (Max Graham/Northern Journal) Alaska hasn't produced antimony — a shiny mineral used in weapons, flame retardants and solar panels — in almost 40 years. That could change this summer, according to the executives of a Texas company that has snatched up more than 35,000 acres of mining claims in Alaska. Dallas-based U.S. Antimony Corp. is looking to the state as a new source of antimony for its smelter in Montana, the only plant in the United States that refines the mineral. Alaska's antimony, the company says, could help the U.S. overcome a recent ban on exports of the mineral from China, the world's top antimony producer. Antimony is among several minerals — many of which are used in renewable energy — that the U.S. has sourced primarily from China and other countries in recent decades. Efforts to build more mines in the U.S. have accelerated amid worsening trade tensions and growing demand. With no active antimony mines, the U.S. in recent years has imported roughly 60% of its antimony from China. Meanwhile, need for the mineral has surged as antimony-laden arms flow to wars in Ukraine and the Middle East. The price of the mineral has quadrupled in the past year, rising from around $13,000 to $55,000 per ton. U.S. Antimony is now expanding its Montana smelter and rushing to find more ore to supply it. Alaska is its 'primary focus' for boosting production, an executive said in an interview last week. In the past eight months, a U.S. Antimony subsidiary, Great Land Minerals, has acquired claims in three different areas of Alaska's Interior: outside Fairbanks; near the small town of Tok; and along the Maclaren River off the Denali Highway, a scenic road that runs outside the national park. U.S. Antimony says it's looking to truck antimony ore some 2,000 miles from Alaska to its processing plant in Montana. That operation could start as soon as September, executives said on a recent call with investors. 'We can't get that antimony from Alaska to Montana fast enough,' Joe Bardswich, U.S. Antimony's chief mining officer, said on the call. The company's plans coincide with a separate effort by an Australian company to start up its own small-scale antimony mine near Fairbanks. Felix Gold is seeking to restart production this year at a long-shuttered antimony mine that sits within a few miles of a residential subdivision, Hattie Creek. The company also is eyeing prospects near the hamlet of Ester on the outskirts of Fairbanks — where U.S. Antimony's subsidiary has claims, too. The potential developments are generating a mix of responses locally. Some residents worry about environmental impacts of mining and its potential to transform tranquil Fairbanks-area neighborhoods into noisy industrial sites. 'I don't want to be all NIMBY. But it literally is my backyard,' said Lisbet Norris, who lives in Hattie Creek, about 10 miles north of downtown Fairbanks. 'It's just so close.' Norris, a dog musher, runs sled tours on trails that cross Felix Gold's claims on state land, and she's concerned that mining might impede her business. She's also worried about heavy industrial use of the dirt road that connects her neighborhood — and Felix Gold's potential operations — to the rest of town. Other Fairbanks residents, however, say they support mining in the area; some cite the town's early history as a gold mining town and the potential economic benefits of new mines. 'It's because of mining that Fairbanks is what it is,' said Roger Burggraf, a local prospector who owns some of the claims that Felix Gold has leased to study the feasibility of antimony mining. Burggraf said he understands the concerns of people who live near gold and antimony prospects. But when they bought their properties, 'they should have realized that if a mine developed, that might change their lifestyle,' he added. Felix Gold has a permit only for mineral exploration, not active mining. The company aims later this year to apply for additional state permits, and to finish studying the profitability of developing a small antimony mine near the Hattie Creek subdivision. U.S. Antimony also has applied only for a permit to search for antimony, though it hopes to apply for more permits and start mining within a year. If its exploration efforts show a mine would be profitable, it would propose an underground operation, said Rodney Blakestad, U.S. Antimony's vice president of mining. The footprint would be small, more similar to the family-run placer mines in the area than to a large-scale hardrock mine, according to Blakestad. 'We're not Fort Knox,' he said, referring to Fairbanks' huge open pit gold mine. But before U.S. Antimony begins mining, it wants to buy antimony ore from existing placer gold mines. Antimony often appears alongside more-valuable gold, and gold miners have typically thrown it aside. Now that antimony prices are surging, though, U.S. Antimony representatives say every little bit is valuable. A 25-ton truck could carry some $600,000 worth of minerals, Bardswich said in an interview. That means small loads of antimony ore from shallow, exploratory trenches that the company intends to dig at its Alaska prospects this summer also could be worth driving 2,000 miles to the Montana smelter, company executives said. In the meantime, they intend to launch an advertising campaign to share their interest in buying the mineral from placer miners. 'People don't realize this: Gold is not the best mineral to be mining, if you're looking for really good value,' said Blakestad. 'Antimony is.' Northern Journal contributor Max Graham can be reached at max@ He's interested in any and all mining related stories, as well as introductory meetings with people in and around the industry. This article was originally published in Northern Journal, a newsletter from Nathaniel Herz. Subscribe at this link.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store