Liias introduces bill to allow Sound Transit to issue 75-year general obligation bonds

OLYMPIA — Sound Transit would be able to issue 75-year general obligation bonds under new legislation introduced by Senate Transportation Committee Chair Marko Liias (D-Edmonds). The bipartisan bill would give Sound Transit an additional financing tool to deliver promised projects to riders and keep up with rising constructions costs due to inflation and tariffs.   “Transit riders can’t afford business as usual anymore. We must give our transit partners as many tools as possible to minimize construction delays, navigate market uncertainty, and deliver promised projects quickly and at the lowest possible cost,” Liias said. “Expanding access to light rail is a game changer for communities, and giving Sound Transit more borrowing flexibility will help get us get light rail lines faster to Everett and other destinations. Let’s build the darn trains!” Sound Transit CEO ...

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