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question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-26-05 11:57 PM
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AP: Seattle monorail suffers big blow
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Seattle monorail suffers big blow

Civic dream fades as support erodes

By Elizabeth M. Gillespie
ASSOCIATED PRESS

September 26, 2005

SEATTLE – The City Council has yanked its support for the Seattle Monorail, dealing a blow that all but killed the financially troubled transit project.

The nine-member council unanimously passed a resolution Friday saying the city will deny street-use permits for the monorail's proposed 14-mile, $2 billion Green Line. Hours later, in a last-ditch effort to keep the project alive, the monorail board approved a Nov. 8 ballot measure to shorten the line.

(snip)

A citywide monorail system has been a civic dream since a one-mile route was built for the Seattle World's Fair in 1962. More than 40 years later, it's the only train in town.

(snip)

The monorail's latest troubles began when revenues fell short of projections. Then in June, the board revealed that building the line would cost $11 billion over 50 years, including $9 billion in interest on low-grade bonds.


Find this article at:
http://www.signonsandiego.com/uniontrib/20050926/news_1n26monorail.html



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