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Sound Transit Shortfall Worst For Bellevue
Seattle Transit Blog dug in to the details of Sound Transit's now-$3.9 billion 30-year budget shortfall ($900 million more than last projected) over the weekend, breaking the figures down by agency subarea. (Sound Transit allocates funding under a system known as subarea equity, in which dollars raised in one subarea---there are five under Sound Transit's jurisdiction---must be spent in that subarea).
The area that stands to lose the least revenue is North King County, which includes Seattle and Shoreline; projections now show that subarea with a 30-year shortfall of $660 million, or $43 million more than previous projections.
The Pierce County subarea fares the worst in the new projections, losing an additional $115 million, for a total shortfall of $692 million over 30 years.
And East King County, which includes East Link to Bellevue and Redmond, stands to lose an additional $223 million, making a planned $300 million tunnel through downtown Bellevue, supported by many residents and the Bellevue City Council, look less likely than ever.
Here's STB's breakdown of the shortfall projections (left to right: The original projections from August 2008, used to create the Sound Transit 2 ballot measure that passed that year; and the new projections, in absolute and relative terms):
The area that stands to lose the least revenue is North King County, which includes Seattle and Shoreline; projections now show that subarea with a 30-year shortfall of $660 million, or $43 million more than previous projections.
The Pierce County subarea fares the worst in the new projections, losing an additional $115 million, for a total shortfall of $692 million over 30 years.
And East King County, which includes East Link to Bellevue and Redmond, stands to lose an additional $223 million, making a planned $300 million tunnel through downtown Bellevue, supported by many residents and the Bellevue City Council, look less likely than ever.
Here's STB's breakdown of the shortfall projections (left to right: The original projections from August 2008, used to create the Sound Transit 2 ballot measure that passed that year; and the new projections, in absolute and relative terms):
