Alamo RMA paperwork questions revenue projections for Elon Musk’s San Antonio tunnel – San Antonio Current

The Alamo Regional Mobility Authority held a public presentation Wednesday to clear up community concerns about a proposal by Elon Musk’s Boring Co. to dig a tunnel connecting San Antonio International Airport and downtown.

However, a document the authority distributed at afternoon meeting didn’t exactly hit that target. Instead, a footnote raised doubts whether the proposed project would hit its promised revenue target.

During Wednesday’s presentation, Alamo RMA board member Renee Green said the tunnel — which would ferry passengers from the airport to downtown via Tesla vehicles — would generate $25 million in annual revenue for the authority.

However, a printout of the slideshow handed out to attendees suggests Alamo RMA attorney Brian Cassidy was skeptical of those financial projections.

On slide 17.b, which wasn’t included in Green’s slide presentation, a footnote casts doubt on the tunnel’s ability to generate the projected $25 million. Cassidy’s name and the date May 4, 2022…

Read Full Story: https://www.sacurrent.com/news/alamo-rma-paperwork-questions-revenue-projections-for-elon-musks-san-antonio-tunnel-28922631

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