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Economic Reality May Force Sound Transit to Revise Its Financial Plan

Episode 297 Published 10 months, 1 week ago
Description

(The Center Square) – Much of the funding for Sound Transit’s projects, including ST3, has come from federal grants. In the past seven years, it has secured a total of $3.8 billion, with $9 billion expected in future grants for ST3. However, as the transit system struggles to recover its pre-pandemic ridership volumes, the agency faces a growing fiscal challenge due to what a spokesperson says are rising property values and increased construction costs. Those challenges could affect how much money it can expect, or need, from the federal government. 

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Read more: https://www.thecentersquare.com/washington/article_8a4c890d-546b-49d9-b332-bc8731a425d0.html


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