Federal funding update – Federal Transit Administration executes $1.17 billion grant and $658 million loan for Lynnwood light rail
Great news for Lynnwood Link! On December 19, the Federal Transit Administration (FTA) executed a $1.17 billion Full Funding Grant Agreement (FFGA) for Sound Transit's Lynnwood Link light rail extension. Additionally, The U.S. Department of Transportation's Build America Bureau executed a $658 million low-interest loan supporting the Lynnwood light rail extension. The loan is expected to save regional taxpayers between $200 million and $300 million through lower interest costs.
Light rail construction begins in 2019
For those who live near the future light rail line, you have seen some early demolition work, including the former Black Angus and MacDonald's Fine Furniture buildings near the Lynwood Transit Center. In 2019, construction activity will ramp up, first with demolition and utility relocation work beginning early next year, followed by major construction activities anticipated to begin in the spring.
Pre-construction open houses will be held early in the year, and the public is invited to come out to meet the construction team and learn about what to expect in 2019 and beyond. Times, dates and locations are being determined now, so stay tuned for more information.
You can always find more information about Lynnwood Link Extension at soundtransit.org/lynnwoodlink.