The state’s viaduct replacement projects are estimated to cost $3.1 billion. Funding comes from state, federal and local sources, as well as the Port of Seattle and tolls.
|State projects||Project status||Budget|
|SR 99 Tunnel Project (Includes design-build project, north and south access contracts, and new north surface street connections.)||Construction||$2,034.4|
|SR 99 South Holgate Street to South King Street Project||Construction||$377.0|
|Central Waterfront Viaduct Removal, New Alaskan Way with connection to Elliott and Western avenues and the Battery Street Tunnel decommissioning||Planning||$290.0|
|Central Waterfront Construction Mitigation||Ongoing||$30.0|
Other Moving Forward Projects:
|Prior Environmental Impact Statements, Right of Way and Design Costs||$163.7|
|Total Use of Funds||$3,144.4|
|2005 Gas Tax (Partnership Funding)||$1,505.7|
|2003 Gas Tax (Nickel Funding)||$224.1|
|Port of Seattle||$281.0**|
|Total Source of Funds||$3,144.4|
* The 2009 Legislature stated the finance plan must include no more than $400 million in toll funding. The budget amount was revised to $200 million during the 2012 legislative session, and an additional $200 million in federal funds was provided to the program.
** The Port of Seattle has committed $300 million to the replacement program. In April 2010 Governor Gregoire signed an agreement with the Port for this funding. To date, $19 million of the Port’s contribution has been used for program-related work.