Delay on Tacoma Link costing Millions in Cost Inflation
Part of the pre-alternatives analysis was to determine potential costs of several corridors identified by the Tacoma Streetcar Stakeholders Group.
What was projected in the pre-AA was that many of the alignments could have been paid for with less than $150m if paid for in 2011 dollars (Sound Transit Pre-AA Report 2011). But when the same projects are paid for in 2015 dollars, the estimates increase ~15% (see Table 3-3 below). In ST2, Sound Transit's capital contribution was capped at ~$80m in 2011$. Boiled down, that means: Each year that the project remains unfinished is another year for inflation can eat away at the effectiveness of Sound Transit's contribution.
|Source: Sound Transit Tacoma Link Pre-AA Report 2011|
Seattle and Portland are not sitting on their hands
Seattle has completed construction of the initial segment of Central Link Light Rail, as well as the South Lake Union Streetcar and now has the First Hill Streetcar line under construction.