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(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.
Support this podcast: https://secure.anedot.com/franklin-news-foundation/ce052532-b1e4-41c4-945c-d7ce2f52c38a?source_code=xxxxxx
Read more: https://www.thecentersquare.com/washington/article_8a4c890d-546b-49d9-b332-bc8731a425d0.html
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(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.
Support this podcast: https://secure.anedot.com/franklin-news-foundation/ce052532-b1e4-41c4-945c-d7ce2f52c38a?source_code=xxxxxx
Read more: https://www.thecentersquare.com/washington/article_8a4c890d-546b-49d9-b332-bc8731a425d0.html
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