I'm against it. The lease payment is due to be renegotiated and sure, it can go a number of ways but it should at least be the same.
My point being- if we're so absentee with regards to spending on this now, what makes us think we'll do anything useful in the future? The idea isn't to continue with our outsized street repaving- it's to shrink it. Our roads are already oversized so put bike paths in that require far less maintenance. IF you needed to raise taxes at all, you could do 1.9% total (up from 1.8% now) to get that money since the county finally took on their share of the transit system that brought it down from the previous 2.1%.
That and it can ONLY go to existing infrastructure. If we ever wanted to actually make viable mass transit, we couldn't pay for that. But with a new lease agreement we could.
I think you're spot on with the meters- don't sell public assets to private companies.