Translink is looking at selling off some of its own assets to address a funding gap after a meeting with the Mayors Council on Regional Transportation.
Vice-Chair and Langley City Mayor Peter Fassbender says the feeling is the transit utility will come up short in trying to make up 30-million dollars.
Fassbender says Transportation Minister Blair Lekstrom will work with them on solutions if that is the case, but Translink is selling off property, “Translink has been looking at disposing one particular piece which is in Oakridge; that is the maintenance yard. That has been on the books to be sold for quite a while but indeed, they are including the proceeds of that sale to help bridge the financial challenge they have at the moment.”
Fassbender says Ministry of Finance officials will audit Translink this summer and results will be released to the Mayors Council.
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