News Re: What Goes Around Comes Around
RTID is in huge trouble, both because of revised cost estimates for replacing the 520 bridge (what was a $1 billion shortfall is now a $2 to $3 billion shortfall) and because none of the other 5.6 billion in RTID projects have undergone the revised estimating process, and all, like the viaduct and 520, presume much lower (2-3 percent) construction-cost inflation than WSDOT now says is likely. Those megaprojects include SR 167 (for which RTID currently provides $1 billion) I-405 ($1.3 billion from RTID) and SR-509 ($870 million). The cost for all of those projects is likely to increase substantially, raising the question: How will RTID make up a likely multi-billion-dollar shortfall?
One possibility is that RTID could pare back its project list, cutting nonessentials such as the “cross-base highway” in Pierce County (SR 704). But any cuts will face a storm of protest from the county that gets funding for its pet projects slashed. RTID could also be uncoupled from Sound Transit (currently, neither 2007 ballot measure can pass without the other), allowing Sound Transit to move forward while the RTID board hashes out a new project list. Or both could go forward as planned, leaving many major projects insufficiently funded.
Jesus, it's GOT to get uncoupled, because RTID is heading off a cliff at 180 MPH. "I know! Let's do EVERYTHING!" isn't going to work. The price tag is going to bankrupt the state and give us 40 years of Republicans. I predict it'll top $10 billion by January, and not slow down.