Sound Transit projects large revenue shortfall due to virus

Jun 18, 2020
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Written by Washington Retail
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Among the many fallouts from the coronavirus pandemic are transit companies that are losing ridership due to concerns about health.

The online news site The Lens reports on a recent Sound Transit board meeting where officials projected up to a $12 billion revenue reduction through 2040. A recession caused by the pandemic is factored into their thinking, according to an article.

It reports that Sound Transit might have to seek federal grant funding or raise its debt capacity to compensate for falling ridership. Some transit observers have suggested that Sound Transit shift its focus from light rail to bus transit that’s less expensive and capable of carrying more passengers.

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