A financial adviser hired to recommend new ways to pay for the monorail presented a plan to cut costs from $11 billion paid over 50 years to $7 billion that could be paid off in 39 years.
Kevin Phelps predicts revenue from Seattle's motor vehicle excise tax - the monorail's financial fuel - will grow in the future, not shrink as forecasted in a previous economic study. Phelps is credited with straightening out the financial woes of Sound Transit's light rail project.
and Jackie Valencia-Mendoza
The old Gottschalk's (still Lamonts to some) opened its doors again last week.
The woman's department was stocked, shoes came in all sizes and styles, and the toy section was large enough to make one wonder if FAO Schwartz had reemerged from Chapter 11 bankruptcy.
Women, men, and children circled the store, squeaky wheeled shopping carts in tow, filled to the top with everything from baby blankets to toaster ovens.
Yet this was not a grand opening sale but a grand gesture by volunteers wanting to do s
On SW Holden, two women involved in a neighborly dispute live across the street from each other. They have resorted to posting derogatory signs about one another in their streetside windows. Officers have advised the two to get anti-harassment orders and to refrain from posting the signs.
On 7th SW, two pitbulls got loose, entered a nearby garage, and killed the neighbor's $2,000 Pomeranian. This is the second time the dogs have attacked. The owner said he would call Animal Control and have the two put to sleep.
A burglar made it easy for officers to track him down.
Chopping the cost of the Green Line from a ridiculed $11 billion to $7 billion puts the monorail project back into the "realm of reasonableness," said Cleve Stockmeyer, a member of the Seattle Monorail Project board of directors.
Last week, a hired consultant presented financial recommendations to the monorail board that also could reduce the time it would take to pay off the project, from 50 to 39 years.
The announcement in late June of the $11 billion financing proposal was a surprise to the monorail board and its release to the public hadn't been approve
Fly the flag Sept. 17-24
September 17, 1787, is the day the Constitution of the United States was signed. This Constitution together with the Bill of Rights have given us the finest form of government desired by man!
It's the duty and responsibility of each citizen to help preserve this form of government, by obeying the laws, respecting the rights and property of others, by displaying our flag and by showing that we are a Nation of United and Responsible people.
In 1956, Congress passed a resolution designating the week beginning Sept.
I'd like to say thank you to the business owners for signing the petition to "Improve Public Safety" (about under-age drinking, disorderly conduct, vandalism, loitering, harassment, littering on numerous businesses parking lots and illegal street vending in the White Center business district). And thank you to King County Sheriff Sue Rahr for responding to our concerns with a letter dated Aug. 16.
"Sheriff's Office staff has begun to put a team together with a goal of solving crime and disorder problems,"
The smell of freshly brewed coffee filled the air of a banquet room buzzing with business. Between bites of quiche and sips of Starbucks, Federal Way's business professionals exchanged ideas and contact information at the Chamber of Commerce's monthly networking meeting, held last Wednesday at Marie Callender's.
"I see so much business flying around here today," Chamber Director of Member Services Rose Ehl told the Federal Way News during the breakfast gathering.
In 1992, Angel Bolanos moved to Seattle from Ecuador without any ability to English speaking ability, but now he is running for a second time for the Seattle City Council.
He said in an interview last week that he will win the primary in two weeks.
Bolanos ran against Council member Jim Compton in 2003 and came in third with 18,000 votes. Compton was re-elected.
"I was an unknown, no one knew about me," said Bolanos. "People believe we need change."
At the time, Bolanos said he was working full time and raising a family.
Veterans, religious leaders, social service advocates, representatives of suburban cities and concerned citizens all expressed strong opposition last week to a proposal that would provide funding only for military veterans and their families, and leave behind the vast majority of those in need of human services.
"Today at our Budget and Fiscal Management Committee meeting, we took up the proposed veterans-only levy with an overflow crowd of interested citizens in attendance. Nearly 90 percent of those who registered to testify expressed opposition to a veterans-only levy.