Update: State contributes $20 million to South Park Bridge

ORIGINAL 12:59 PM REPORT: Our partners at the Seattle Times say $20 million is the approximate amount that Governor Gregoire is getting ready to pledge to a new South Park Bridge, when she joins other local leaders, including King County Executive Dow Constantine, at the bridge at 3 pm. Other major contributions so far are $31 million from the county, $15 million from the Seattle City Council, and $5 million from the Port of Seattle – that still adds up to only a little more than half the replacement bridge’s cost. (The current, crumbling one shuts down for good one week from tonight.) We’ll report the official announcement as soon as it’s made. 2:58 PM: Confirmed, $20 million. Media event starting shortly. 4:48 PM: Added photo of KC Executive Constantine at the podium, with the regional team of bridge-funding partners behind him (plus South Park community leaders). No surprises at the media event. The state’s $20 million contribution brings the total funding now in hand to $70 million, more than half the $130 million projected cost of building a new bridge. One more number was thrown out – $337 million, an estimate of how much money will be lost in general, to the economy, local and regional, while the bridge is closed. We’ll be adding some video shortly; meanwhile, you can read the county news release in its entirety by going here. 5:44 PM: The entirety of the governor’s announcement – if you have to fast forward, check out her economic comparison toward the end:

3 Replies to "Update: State contributes $20 million to South Park Bridge"

  • bridge to somewhere June 23, 2010 (6:50 pm)

    This leadership is certainly welcome–although perhaps it should have started many years ago. It seems hard to believe this problem cropped-up in such a sophisticated, large county

  • dsa June 23, 2010 (8:47 pm)

    Does Tukwila own a piece of this bridge and adjacent land or not? When are they going to step up to the plate and take some responsibilty? They collect taxes from some fairly impressive real estate and should be able to pony up something.

  • CB June 23, 2010 (11:09 pm)

    The mayor is a no-show…again.

Sorry, comment time is over.