(The Center Square) – Sound Transit’s capital project costs are projected to increase by up to $30 billion as a result of rising costs, but so far no tax proposals have been pitched to plug the gap.
Overall, the accumulative impact of cost pressures represents a 20% to 25% increase over the agency’s current long-range financial plan.
Sound Transit’s 30-year financial plan – set at $150.5 billion – could increase by somewhere between approximately $22 billion and $30 billion due to cost growth on the agency’s capital program. The capital program includes major ST3 light rail projects that would connect the agency’s transit network to Seattle’s Ballard and West Seattle neighborhoods, Tacoma, Everett, South Kirkland and Issaquah.
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ST3 was approved by voters in 2016 and created Sound Transit’s
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