Revenue forecasts have fallen further from the original projections for Sound Transit 2. The latest estimates extend the shortfall from $3.1 billion over the life of the project to $3.9 billion, out of a $18 billion total program cost.
In the past, the extensive reserves built into project planning had shielded ST from the need to making fundamental changes to the plan. According to ST spokesman Bruce Gray, that may be no longer be the case:
This fall the Board will develop short- and long-term spending priorities during the normal budgeting process from September – November. Options to address the revenue shortfalls may include reducing project scope, extending project timelines and reducing operating and administrative costs.
“Administrative costs” is often interpreted as pure waste, but this is the kind of thing that improves incident planning and makes decent use of variable message boards, so it’s not a free lunch for transit users.