Attaining the Vision
FINANCIAL OVERVIEW Metro Connects is an ambitious service and capital vision, consistent with forecasts of future transit needs and the Puget Sound Regional Council’s transportation plan. Additional funding is needed to grow service, make capital investments, and achieve the full vision. In response to King County Council motion 15252 25 and as part of the 2021 update to Metro Connects, Metro updated the expected costs for the interim and 2050 networks, as well as Metro’s assumptions about forecast revenues. The costs are high-level planning estimates of investments needed to support Metro’s network, expressed in year-of-expenditure dollars, which include inflation. These costs are subject to change as investments are further defined and sequenced. Because of inflation and the ongoing cost of service once implemented, the timing of investments can have a significant impact on the total costs. Figure 26 and Figure 27 illustrate the capital costs and service additions identified in Metro Connects between now and the interim network (for costing purposes, 2035), and through 2050. These figures also show the current estimate of what could be funded with currently forecasted existing revenue sources—sales tax, farebox revenue, federal and state grants, and others. Figure 26
Metro Connects Capital Costs and What Could be Funded With Forecasted Revenues
25 A motion expressing support for regional planning, coordination and funding efforts to address the implementation of Metro Connects. Passed by the King County Council on Nov. 13, 2018.
King County Metro Long Range Plan