Sound Transit’s executive board unanimously approved Thursday afternoon the full $132.8 million funding for the streetcar route connecting Pioneer Square to Capitol Hill via First Hill. The agency is on the hook for the route per an agreement forged when it was decided not to build a light rail station in the First Hill area.
The approval comes as Sound Transit has announced that a widening budget gap due to falling tax revenues will force the agency cut back on future projects.
Meanwhile, the City of Seattle continues to work on a plan to extend the approved streetcar route farther north on Broadway to Roy.
The line is currently planned to begin service in late 2013. If it is not extended, the route is currently planned to terminate near Denny and Broadway in front of what will eventually be the light rail station. Light rail is planned to begin running to Capitol Hill in 2016.
Motion No. M2010-94 – Approving full funding for the First Hill Streetcar project per the funding and cooperative agreement between the City of Seattle and Sound Transit in an amount not to exceed $132,780,000