This Seattle Highway Is Facing a $29 Million Financial Crisis

 

During the winter of 2019, a tunnel for State Route 99 (SR 99) opened, running beneath downtown Seattle, Washington. It was a long-anticipated project with a price tag of $3.3 billion—with an accompanying tolling program to cover $20 million in construction debt and operating costs.

The tunnel was toll-free for the first nine months after opening, so that drivers would be enticed to change their routes. However, only a couple of months after the tolling began, so did the COVID-19 pandemic. This drastically changed traffic patterns, and even now in fall 2022, traffic patterns have not picked up to 2019 levels.

Consequently, the tunnel is now facing what some call a "financial crisis," even after imposing an urgent 15% toll rate increase to make up for 2020 losses. In all, SR 99 is estimated to have a $29 million deficit right now—which podcast host Abby Kinney and Strong Towns Editor-in-Chief Daniel Herriges explore on this week's episode of Upzoned.

 
 
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Abby Newsham
Abby Newsham

Abby Newsham is the cohost of the Upzoned podcast. Abby is an urban design and planning consultant at Multistudio in Kansas City, Missouri. In her own community, she works to advance bottom-up strategies that enhance both private development and the public realm, and facilitates the ad-hoc Kansas City chapter of the Incremental Development Alliance. When she’s not geeking out over cities, Abby is an avid urban mountain biker (because: potholes), audiobook and podcast junkie, amateur rock climber, and guitarist. You can connect with Abby on Twitter at @abbykatkc.

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Daniel Herriges
Daniel Herriges

Daniel Herriges has been a regular contributor to Strong Towns since 2015 and is also a founding member of the organization. His work at Strong Towns focuses on housing issues, small-scale and incremental development, urban design, and lowering the barriers to entry for people to participate in creating resilient and prosperous neighborhoods. Daniel has a Masters in Urban and Regional Planning from the University of Minnesota, with a concentration in Housing and Community Development.

Daniel’s work with Strong Towns reflects a lifelong fascination with cities and how they work. When he’s not perusing maps (for work or pleasure), he can be found exploring out-of-the-way neighborhoods on foot or bicycle. Daniel has lived in Northern California and Southwest Florida, and he now resides back in his hometown of St. Paul, Minnesota, along with his wife and two children.

 
Podcast, Top StoryStrong Townspodcast, highways, highway spending, transportation, transportation spending, upzoned, washington, end highway expansion