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Weigh-in on SR 520 bridge toll rate proposal
Published:2016-04-19 State
Weigh-in on SR 520 bridge toll rate proposal People who are interested in State Route 520 bridge tolls are invited to share their views on a proposal to raise rates by 5 percent this July. The Washington State Transportation Commission is hosting two public meetings on Thursday, April 21, in Seattle and Bellevue to gather public input. Persons who are unable to attend the public meetings can also submit written comments on the proposal until Tuesday, May 10: The commission’s SR 520 toll rate proposal is as follows: While the WSTC is proposing rate changes for two years, it will assess traffic performance and revenue collections in early 2017, before the second increase goes into effect on July 1, 2017, to ensure it is both needed and sufficient. The new SR 520 bridge is required to generate $1.2 billion in toll revenue to cover a portion of the structure’s cost. Though long-term financial planning originally called for an approximate 15 percent increase in toll rates in 2016, the commission, in cooperation with Washington State Department of Transportation leadership, determined that a much more modest increase would be sufficient to meet financial requirements. The commission placed a high priority on keeping the toll rates as low as possible, for as long as possible, given expected construction disruptions on the west side of the bridge in the coming years as WSDOT works to deliver improvement projects between the bridge and Interstate 5.
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