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-2- <br /> <br />The Northstar Corridor Rail project is rated Not Recommended in the FY 2004 Annual Report on <br />New Starts. The rating is primarily based on the inability of project sponsors to obtain a local <br />financial commitment to construct and operate the proposed commuter rail line. The overall <br />project rating applies to the FY 2004 Annual Report on New Starts and reflects conditions as of <br />November 2002. Project evaluation is an ongoing process. As New Starts projects proceed <br />through development, the estimates of costs, benefits, schedules and impacts are refined. The <br />FTA's ratings and recommendations will be updated annually to reflect new information, <br />changing conditions, and refined financing plans. The project will be re-evaluated for next year's <br />Annual Report on New Starts and when it is ready to advance into final design. <br /> <br />I hope that you will find the information provided here helpful in your continuing project <br />development activities. If you have any questions, please do not hesitate to contact me at <br />(202) 366-2360 or the FFA Regional Administrator, Mr. Joel Ettinger, at (312) 353-2789. <br /> <br />Sincerely, <br /> <br />Ronald T. Fisher <br />Director, Office of Project Planning, Methods & <br /> <br />Analysis Divisions <br /> <br />Enclosures <br /> <br /> <br />