![]() ![]() Light rail plus Sound Transit’s overbuilt version of bus rapid transit called Stride is projected to carry only about 1.7% of daily trips in Bellevue by 2030. ![]() Locally, Bellevue is experiencing unprecedented residential and employment growth due, in part, to tech companies like Amazon which plans to welcome 25,000 employees in Bellevue by 2025. Meanwhile, billions of dollars in desperately needed highway and road projects, including bridge repair and basic maintenance, remain unfunded. It only reflects the program's massive cost overruns.Īfter all these dollars – and probably billions more – are spent, Sound Transit will have built a rail system that will likely carry fewer than 5% of regional trips, according to Puget Sound Regional Council (PSRC) data. This huge increase will not add more elements to the plan, nor will it increase projected ridership. Anticipated tax revenue (which includes sales and use tax, motor vehicle excise tax, property tax and rental car tax) increased from $60.6 billion to $88.9 billion. In 2016, voters were told ST3 would cost $54 billion but now it has become clear that the actual costs are far greater. That’s $50 billion in unanticipated expenses to deliver a project later than expected.įor perspective, that’s like adding a second Sound Transit 3 (ST3) tax to the plan. 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.
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