Sound Transit facing $11.5B shortfall

Sound Transit facing $11.5B shortfall

SEATTLE — Officials say Washington state’s Sound Transit system faces an $11.5 billion budget shortfall caused by factors including soaring land costs, community requests for route add-ons and the economic impact of the coronavirus.

The Seattle Times reported the transportation system in Pierce, King and Snohomish counties must contend with a projected $6 billion reduction in tax revenue because of the pandemic.

The shortage was revealed last month in the midst of environmental studies of voter-approved Sound Transit 3 projects that will bring mass transit extensions.

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Sound Transit CEO Peter Rogoff urged the transit board to identify new money and cost reductions this year.