PRESS RELEASE: The Region’s Leading Business Organizations Unite Toward WMATA Reform
June 23, 2017
By The 2030 Group
For Immediate Release
22 June 2017
Federal City Council – Emeka Moneme, firstname.lastname@example.org, (202) 481-3258
The Greater Washington Board of Trade – Kim Horn, email@example.com, (301) 816-5867
The 2030 Group – Clare Flannery, firstname.lastname@example.org, 202-365-7147
THE REGION’S LEADING BUSINESS ORGANIZATIONS
UNITE TOWARD WMATA REFORM
(Washington, D.C.) – Today, the Federal City Council, the Greater Washington Board of Trade, and the 2030 Group, along with several other business and civic groups, sent out a joint letter stating their support of a holistic approach to reform Metro. Over the past year, these organizations have expressed their deep concerns with the continued dysfunction of the Metro system and have supported specific proposals to reform the system. Today’s letter demonstrates these organizations’ unified support behind a shared vision of reform.
The letter was sent to the governors of Virginia and Maryland, and the mayor of the District of Columbia expressing support of a comprehensive set of “principles” to guide efforts to reform the Metro system. The letter matches the sense of urgency each organization has professed throughout the year stating, “we write to urge the signatories of the governing compact of the Washington Metropolitan Transit Authority (WMATA) to take bold and innovative action to reform our regional transit system.”
The guiding principles set the framework for sweeping changes in Metro’s governance, operations and financial policies including:
- Right size the WMATA board
- Require directors to have expertise in specialized areas, including transit operations, management, finance and safety
- Ensure that the sole fiduciary responsibility of the Board of Directors is to the organization
- Require multi-year commitments from funding jurisdictions for operating funds
- Identify a dedicated funding source for capital improvements (to allow for borrowing)
- Secure a continuing funding commitment from the federal government
- Implement service and operating changes to improve safety, reliability and ongoing operational savings
Where the Federal City Council has focused most of its efforts on revising the Metro compact and governance issues, the Board of Trade and the 2030 Group have been leading regional conversations on identifying dedicated and long-term funding for the beleaguered system.
Now, as demonstrated by today’s letter, all of the business and civic organizations that signed onto the letter, are united behind pushing forward with the comprehensive reform of Metro.
Established in 1954, the Federal City Council (FC2) is a non-profit, non-partisan organization dedicated to the improvement of the District of Columbia. Since its founding, the FC2 has a rich history of achievement, having played a critical role in the creation of Metro, the renovation of Union Station, the establishment of the Verizon Center, and the redevelopment of Pennsylvania Avenue. Comprised of the area’s top business, professional, education and civic leaders, the Council works with the District and federal governments to develop and implement solutions to important community problems. By serving as a trusted partner for civic improvement, and by bringing to bear the knowledge, experience, access, and resources of its members, the Council plays a critical role in the advancement of the District of Columbia.
The Greater Washington Board of Trade is shaping and advancing our regional economy, with a focus on improving connectivity and making better use of existing resources. The Board of Trade addresses business concerns that stretch across the District of Columbia, Suburban Maryland and Northern Virginia, with a priority focus on securing long term dedicated funding and governance reform for Metro and intelligently growing this region through the use of smart cities concepts. By acting more as a region, Greater Washington will enhance efficiencies of operation and economies of scale.
The 2030 Group is an organization of Greater Washington business leaders focused on regional long-term decision-making and solutions. Our mission is to increase regional collaboration and to advance a strong regional economy that can compete on a global scale, sustain economic development, strengthen employment opportunities, and provide a high quality of life for current and future residents.
Giving voice to the business community is how the Board of Trade will shape and advance a vibrant regional economy. This work is backed by sound research and over 128 years of experience. To learn more about the Greater Washington Board of Trade and its commitment to improving the region’s business community, visit www.boardoftrade.org.
Download letter here.