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The $477 million sale consisted of fixed-rate bonds at a total interest cost of 3.596%. The favorable rate is significantly lower than the 5.3% average over the last 30 years.
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Following the 2016 openings of the University Link and Angle Lake light rail extensions, Link ridership jumped 69.3%, while Sounder commuter service increased by 5.7% and ST Express grew 2.7%.
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Gannon, 47, served as interim GM from March 2016 until now. He was Metro Deputy GM from 2013-2016, and Human Resources manager for the King County DOT from 2011-2013.
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The $54 billion ballot measure would add 62 miles of light rail with stations that would serve 37 new areas and grow the system to 116 miles.
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The $554 million order will nearly triple the fleet from its current 62 cars, adding needed capacity as rail begins to extend north, south and east as part of the Sound Transit 2 package.
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Public transit leaders came together to discuss ballot measures across the country.The press conference was held at the APTA 2016 Annual Meeting held in Los Angeles.
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Joni Earl, CEO emeritus of Seattle’s Sound Transit (ST), will receive APTA’s Extraordinary Leadership Award.
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While busking has long been practiced at other light rail stations and right-of-way spaces across the city, the busking pilot program permits performances only where a silver-star designation is found.
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Cell service providers in Seattle can access the system through license agreements with Mobilitie, which is funding and maintaining the network under an agreement with Sound Transit.
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Although a stand-alone system, the $134 million, 2.5-mile streetcar is part of a broader city vision that entails a network that will provide new urban mobility options, support economic growthand strengthen connections.
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