Seattle Monorail Foes' Lawsuit Targets Tax Used to Back Bonds

Kelemen, Jasmina
March 2005
Bond Buyer;3/24/2005, Vol. 351 Issue 32097, p1
Trade Publication
The article reports that a determined group of opponents continues to dog the Seattle Monorail Project's (SMP's) efforts to get off the ground, this time filing a new lawsuit that could make it harder for SMP officials to sell bonds to finance the elevated rail system. Project officials are used to obstacles being thrown in the way of their 14-mile line. Despite the swirling controversies, Seattle voters have consistently signaled their support for the project. SMP officials believe the current lawsuit is baseless and are confident they will prevail in court, as they have in similar lawsuits challenging the vehicle tax, but are concerned any pending litigation could scare investors and increase the project's overall price.


Related Articles

  • Election Results.  // Bond Buyer;11/13/2008, Vol. 366 Issue 33003, p25 

    The article lists the approved government projects by state in the U.S.

  • Canada : PROVINCE introduces permanent fund for infrastructure.  // TendersInfo News;8/19/2014, p1 

    The article reports that the Canadian province of Ontario has launched the Ontario Community Infrastructure Fund designed to provide financing to rural and northern municipality infrastructure development projects.

  • UAE.  // MEED: Middle East Economic Digest;12/4/2009, Vol. 53 Issue 49, p31 

    The article informs that the federal government of the United Arab Emirates (UAE) is planning to link all seven emirate states by railway. The move is expected to attract investors. It has been stated that the railway could be the catalyst for large-scale development in the region, which is...

  • Property road-show.  // Railway Gazette International;Mar2007, Vol. 163 Issue 3, p123 

    This article explains that a major property development programme along the coast of the Indian Ocean is at the heart of the Sri Lankan government's plans to revive its ailing state railway. A road-show for potential investors is to take place in Dubai, Singapore and Hong Kong, showcasing...

  • Merger lawsuits common, but investors seldom benefit. Skarbeck, Ken // Indianapolis Business Journal;6/18/2012, Vol. 33 Issue 16, p15A 

    The author offers his opinion on merger lawsuits, which investors seldom benefit.

  • Great Southern investors file class action. Kennedy, Chris // Money Management;10/21/2010, Vol. 24 Issue 39, p12 

    The article reports on the move of the investors in Australia with agribusiness provider Great Southern to introduce a class action to recover losses from the venture against Bendigo and Adelaide Bank (BABI).

  • An Update on General Anti-Tax Avoidance Rules in China. Cheung, Daniel K. C. // International Tax Journal;Jan/Feb2012, Vol. 38 Issue 1, p35 

    The article focuses on China's new General Anti-Tax Avoidance Rules with reference to multinational companies, investments and corporate income tax laws. The significance and application of China's State Administration of Taxation's Circular 698 relevant to the overseas investors of indirect...

  • A Push for Rail to Play Bigger Role in Future. Cho, Aileen; Rosta, Paul; Roe, Andy // ENR: Engineering News-Record;10/1/2001, Vol. 247 Issue 14, p27 

    Reports the government railway project in California. Freight route of Alamade Corridor to ports of Los Angeles and Long Beach; Agenda of the annual meeting in Philadelphia; Development of a high-speed rail as planned by Governor Jesse Ventura of Minnesota.

  • Special commissioners' decisions. Greene, Chris; Maddalena, Christina // Accountancy;Jun2002, Vol. 129 Issue 1306, p120 

    This article focuses on decisions taken by the British special commissioner regarding finance and tax, as of June 2002. The special commissioner held that the incidental costs of raising loan finance were management expenses of an investment company for the period in which the finance was...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics