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Seattle DJC.com local business news and data - Real Estate - $11M land sale clears path for 564 Kent units near station

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Sound Transit Requests State Aid for $11.5B Funding Gap

Sound Transit Requests State Aid for $11.5B Funding Gap
Written by
Marybeth Luczak, Executive Editor
Projects already in construction, such as the Federal Way Link Extension (Kent/Des Moines Station pictured), are not affected by funding shortfalls. But projects in earlier phases of development could be delayed, or potentially eliminated, according to Sound Transit.
The Sound Transit Board of Directors has sent a letter to the state of Washington’s House and Senate transportation committees outlining the funding shortfall the agency faces due to the impacts of COVID-19 and increases in real estate prices and construction costs.
“State support is critical for helping to resolve a $11.5 billion affordability gap for finishing voter-approved projects on time,” the agency reported. ....

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