Sound Transit has racked up $50B for rail plan
Last updated 5/26/2022 at 11:32am
Since 2017, Sound Transit’s full system expansion went from costing taxpayers $92 billion to an incredible $142 billion, and project completion was stretched from 2041 to 2046. That’s $50 billion in unanticipated expenses to deliver a project later than expected.
For perspective, that’s like adding a second Sound Transit 3 (ST3) tax to the plan. In 2016, voters were told ST3 would cost $54 billion but now it has become clear that the actual costs are far greater. Anticipated tax revenue (which includes sales and use tax, motor vehicle excise tax, property tax and rental car tax) incre...