Seattle Monorail Plans to Sell Bonds Without Voters' OK

Kelemen, Jasmina
September 2004
Bond Buyer;09/17/2004, Vol. 349 Issue 31971, p28
Trade Publication
The article reports on the intention of the Seattle Monorail Project to go ahead with plans to issue roughly $700 million to $800 million in bonds, despite the state's Court of Appeals ruling this week that the issue can be presented to voters in November, a move requested by groups opposed to the 14-mile line. Regardless of what voters decide in the upcoming election, the Monorail Project can still collect revenue from a vehicle tax that voters authorized in 2002 to finance the construction project.


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