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CHARLOTTE -- Hope and concern. Those are two words Charlotte Mayor Anthony Foxx used to describe the city's 2030 transit plan. It calls for the extension of the blue Lynx line, a commuter rail to the north, streetcar in center city and more.

With falling revenues and inconsistent federal support, the entire plan is off-track. However, there's a possibility according to the mayor, the entire plan could be done at once.

“If you're lucky to get one project done, that's like a miracle,” said Foxx..

During a media briefing on Friday, Foxx spoke about the transit plan and how economic realities are putting the brakes on the projects especially when it comes to sales tax revenues.

“We really don't have a plan that deals with a flat revenue line for sales taxes,” said Foxx.

This comes as the City of Charlotte learned the federal government is only providing $3 million this fiscal year for the light rail line extension – a tenth of what was expected. The silver lining around this economic cloud is that a potential change in Washington on the way it funds transit projects.

Earlier this week, President Obama introduced $50 billion in new stimulus funds, much of which would go for transportation.

“What's happening at the federal level is not very well understood,” said Foxx.

That could mean rather than waiting on earmarks for funding, innovative programs might be fully funded.

“We may be in a world with an infrastructure bank. We could line up all of our transit projects and say we want to do them all,” said Foxx.

That might be the only way to keep the 2030 transit plan from becoming the 2040 or even 2050 transit plan.