Sound Transit Board updates ST3 plan and weighs debt expansion

10 articles · Updated · Seattle Transit Blog · May 8

The proposal advances West Seattle, delays Issaquah light rail by six years and postpones the Seattle Center to Ballard line indefinitely amid a budget shortfall.
Board members are considering higher borrowing capacity to speed design and construction using existing tax revenue, arguing delays raise costs and that no projects are being cancelled.
Any debt-limit change would need 60% voter approval in the taxing district, as the agency says it collects more than $2.5bn annually but remains constrained by current borrowing rules.

With cheaper, faster transit alternatives proposed, why stick to a plan that is now billions over budget and decades late?

Is borrowing billions more a smart move to beat inflation, or a massive financial gamble for taxpayers?