South Lake Union Street Car
As Vulcan gears up for it’s residential developments, the South Lake Union street car broke ground today. The $51 million 1.3 mile project will run from the Westin Hotel to the Fred Hutchinson Cancer Research Center on East Lake Union, passing Vulcan’s Veer, Rollin Street, Enso and 2200 projects.The street car is based on Portland’s street car and the South Lake Union development after Portland’s Pearl district.
Unlike other hotly contested transportation projects - the Monorail and Sound Transit’s light rail - the street car is being paid by a private/public partnership. Half of the cost comes from a tax on properties in the area and the other half through regional/federal grants, advertising and sales of city-own land.
Predicitons estimate that South Lake Union will gain 20,000 jobs and 17,000 residents by 2020.
Read full article at Seattle Times.
