Carless in Seattle explains what I couldn’t figure out from the P-I article on the ULI report last week. I wrote that I couldn’t understand how the shortfall was just $800 per person, less than the cost of the any of the major road or rail projects in the region. But CIS explained the missing piece: it’s $800 per person per year. Wow. That’s a lot of money, more than four times the cost of the failed Prop. 1 measure from last year.
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Wow, $800 per person per year? That’s more than our current sales tax gets per person per year. I wouldn’t be surprised if it’s more than all our taxes per person.
Think about all the jobs that would create.
It’d be a decent time to create construction and trade jobs here, as the housing market winds down.
There is a huge backlog of needed infrastructure repair/replacement in the region. This is without adding on all of the new infrastructure needed to accommodate a growing population and to correct past poor planning.