![]() Principal repayment of the TIFIA loan will begin in 2021, and will amortize through final maturity anticipated in 2056. The TIFIA credit agreement was signed on December 22, 2016. TIFIA loan will be repaid with sales/use, rental car, and motor vehicle taxes. ![]() Revenue service operations is expected in 2021. TIFIA Legal Advisor - Shearman & Sterling LLP.TIFIA Financial Advisor - Taylor DeJongh/Booz Allen Hamilton. ![]() Construction - Hoffman Construction Company.Construction - Absher Construction Company.Sound Transit sales tax revenues - $932.9 millionÄesign-builder (tunnels) - JCM Northlink LLC Sound Transit secured a $1.991 billion contingent commitment to fund, through individually approved loans, portions of the Northgate Link, Lynnwood Link, Federal Way Link, and Operations and Maintenance Facility: East that will serve the new extensions. The project is the first to reach financial close under a TIFIA Master Credit Agreement (MCA), first authorized under MAP-21, under which USDOT may make a contingent commitment of future TIFIA credit assistance for a program of related projects secured by a common security pledge. Additional extensions include East Link from downtown Seattle to Bellevue and Redmond, Lynnwood further north from Northgate, and Federal Way south from SeaTac Airport and Angle Lake. The extension is part of the regional mass transit system expansion (Sound Transit 2) approved by voters in 2008 and supported in large part by a dedicated local option sales tax. Northgate Station - elevated, located east of First Avenue NE, spanning NE 103rd Street near the Northgate Mall, and providing access to bus transfers and park-and-ride facilities.Roosevelt Station - below grade, located just west of 12th Avenue NE across from Roosevelt High School.U District Station - below grade, located on Brooklyn Avenue NE between NE 43rd and NE 45th Streets in the University District near the west side of the University of Washington campus.The extension runs primarily underground through twin-bored tunnels and features three new stations: The Northgate Link Extension expands Seattle's Sound Transit Link light rail system 4.3 miles north from the existing Capitol Hill and University of Washington Stations that opened in March 2016. Photo credit: Sound Transit / HEWITT LocationĬentral Puget Sound Regional Transit Authority (Sound Transit)
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