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  • (Seattle) Monorail's building, debt costs balloon to $11 billion (sold to voters as $2 billion!)

    06/22/2005 10:31:07 AM PDT · by Diddle E. Squat · 66 replies · 2,094+ views
    Seattle Post-Intelligence ^ | 6/22/05 | JANE HADLEY
    t will cost more than $11 billion to pay for the 14-mile monorail Green Line project and the debt to finance it, according to documents made public yesterday. That's more than triple what Sound Transit will pay for construction and debt service for its 14-mile light rail line from downtown Seattle to Tukwila. The total also is more than five times the construction tab alone for the monorail, a ratio that troubles state Treasurer Mike Murphy. "You've got to be kidding me," Murphy said yesterday. "That's ludicrous." He said the typical principal and interest payments on a state project amount...