Wave transit shortfall likely to be forgiven - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

Wave transit shortfall likely to be forgiven

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Local political leaders met to discuss Wave transit funding at the New Hanover County Government Center Thursday. Local political leaders met to discuss Wave transit funding at the New Hanover County Government Center Thursday.

WILMINGTON, NC (WECT) – Local political leaders met to discuss Wave transit funding at the New Hanover County Government Center Thursday.

Members of the Wilmington City Council, the New Hanover County Commissioners, and officials from Wave Transit discussed Waves financial problems and the issues that could have caused them.

Kevin O'Grady, a Wilmington City Council member, said he thinks the issue is with the way funding is set-up.  He said the problem should be addressed with a long-term outlook.

"They're on an annual basis for funding public transportation which is essentially a long-term funding need, so they're constantly on the brink of wondering what's going to happen next year," said O'Grady.

O'Grady said he thinks that the county commissioners will officially vote to forgive Wave's $133,000 debt on Monday.

Early next year, the groups will meet again to discuss a long-term funding plan for the transit agency.

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