Check out what Sound Transit said today about the price of the light rail tunnel connecting downtown and Capitol Hill station:

Sound Transit opened bids today for work that will get underway next year to bore light rail tunnels connecting Capitol Hill and the existing Downtown Seattle Transit Tunnel.

The apparent low bid was submitted by JCM U-Link Joint Venture, formed by Jay Dee Contractors of Livonia, Mich.; Frank Collucio Construction Company of Seattle; and Michaels Corporation of Brownsville, Wis. Its bid of $153,556,000 came in 12 percent, or $20.7 million, below the Sound Transit engineer’s estimate of $174,304,700.

“The bids we opened today show that Puget Sound taxpayers will continue to benefit from the current favorable construction market,” said Sound Transit Link Light Rail Executive Director Ahmad Fazel. “University Link light rail construction is well underway and late next year we will reach the exciting milestone of launching a tunnel boring machine from the Capitol Hill Station.”

We'll see what happens, but that is some potentially good news.