This Seattle Highway Is Facing a $29 Million Financial Crisis

During the winter of 2019, a tunnel for State Route 99 (SR 99) opened, running beneath downtown Seattle, Washington. It was a long-anticipated project with a price tag of $3.3 billion—with an accompanying tolling program to cover $20 million in construction debt and operating costs.

The tunnel was toll-free for the first nine months after opening, so that drivers would be enticed to change their routes. However, only a couple of months after the tolling began, so did the COVID-19 pandemic. This drastically changed traffic patterns, and even now in fall 2022, traffic patterns have not picked up to 2019 levels.

Consequently, the tunnel is now facing what some call a "financial crisis," even after imposing an urgent 15% toll rate increase to make up for 2020 losses. In all, SR 99 is estimated to have a $29 million deficit right now—which podcast host Abby Kinney and Strong Towns Editor-in-Chief Daniel Herriges explore on this week's episode of Upzoned.

ADDITIONAL SHOW NOTES

“Fewer drivers in Seattle’s Highway 99 tunnel could create need for bailout,” by Mike Lindblom, The Seattle Times (October 2022).

Learn more about our campaign to end highway expansion.

Abby Kinney (Twitter).

Daniel Herriges (Twitter).

Theme Music by Kemet the Phantom.