![]() ![]() ![]() Tacoma Dome Link Extension: This project is in the planning and environmental review phase. Demolition of Sound Transit-owned buildings along S 320th St. Watch the v irtual ground-breaking event for the Federal Way Link Extension by clicking here. ![]() The City of Federal Way is reviewing construction drawings and is responsible for issuing construction permits for the project. This informational page is meant to serve as a clearinghouse for There are three Sound Transit projects that involve the City of Federal Way.įederal Way Link Extension: This project has been approved by the Sound Transit Board of Directors. The City is working closely with Sound Transit during the construction project by sharing information, providing input on how to build a better project for the future, and other construction and planning related issues that may affect our community, businesses, and residents. This or an alternate mix of tax reductions could cut total agency tax collections in half.The extension of the Link Light Rail and the proposed new light rail stations (including parking garages) are Sound Transit projects. Within seven years of completing ST3, Sound Transit and an independent advisor, Piper Jaffray & Co., have calculated that the entire ST3 tax increase could be eliminated, along with approximately 11 percent of the sales taxes currently supporting ST2 and Sound Move. The Sound Transit 3 Plan obligates the Board to roll back taxes to the level required for permanent operations and maintenance following completion of transit projects, unless a future ballot measure directs otherwise.Existing Sound Transit taxes: $8.6 billion.ST3 would increase these local taxes: Sales tax increase of 0.5 percent, or 50 cents on a $100 purchase License tabs (MVET) increase of 0.8%, or $80 annually on a $10,000 vehicle Property tax increase of 25 cents for each $1,000 of assessed valuation, or $100 annually for a house assessed at $400,000. The estimated cost to implement ST3 is $53.8 billion in year-of-expenditure dollars, of which $27.7 billion would be financed with new local taxes. ![]()
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