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October 24, 2013

 

The Executive Board approved the redistribution of $2 million in returned PSRC funds to three contingency list projects.

 

About $2 million in PSRC's Federal Highway Administration funds have been returned by projects in King County since projects were last funded from the adopted contingency lists in May 2013.   

 

The funded projects are: Renton's Sunset Boulevard Corridor Improvements, Tukwila's Manufacturing Industrial Center "Smart Street" Nonmotorized Project, and Kent's James Street Bicycle Corridor.

 

For more information, contact Jeff Storrar at 206-971-3601 or [email protected].

 

The Executive Board received information on the financial strategy for the Transportation 2040 update. 

 

The Transportation 2040 plan must have a balanced budget. Currently, costs exceed revenues by about about $2.3 billion. Staff is analyzing different scenarios that will balance the plan's financial strategy. Final results of that analysis will be presented to the Transportation Policy Board on November 14. The Executive Board will receive a full briefing on the Transportation 2040 update at its December 5 meeting.

 

For more information, contact Robin Mayhew at 206-464-7537 or [email protected].


In other business, the board:

 

 

 

 

 

 

 



Puget Sound Regional Council