Seattle Transit Blog dug in to the details of Sound Transit’s now-$3.9 billion 30-year budget shortfall ($900 million more than last projected) over the weekend, breaking the figures down by agency subarea. (Sound Transit allocates funding under a system known as subarea equity, in which dollars raised in one subarea—there are five under Sound Transit’s jurisdiction—must be spent in that subarea).
The area that stands to lose the least revenue is North King County, which includes Seattle and Shoreline; projections now show that subarea with a 30-year shortfall of $660 million, or $43 million more than previous projections.
The Pierce County subarea fares the worst in the new projections, losing an additional $115 million, for a total shortfall of $692 million over 30 years.
And East King County, which includes East Link to Bellevue and Redmond, stands to lose an additional $223 million, making a planned $300 million tunnel through downtown Bellevue, supported by many residents and the Bellevue City Council, look less likely than ever.
Here’s STB’s breakdown of the shortfall projections (left to right: The original projections from August 2008, used to create the Sound Transit 2 ballot measure that passed that year; and the new projections, in absolute and relative terms):

