Sound Transit, the Seattle’s region’s transit authority, on June 22 closed on a $ 87.7 million TIFIA loan from the Federal government to finance the Operations and Maintenance Facility East (OMFE) in Bellevue, WA.
This is the second loan issued under the authority of the $ 1.99 Billion Master Credit Agreement Sound Transit and the US Department of Transportation executed in December, 2016. The first loan was for $615 million to support the Northgate Link LRT extension.
Sound Transit has been a Peyser Associates client since 1999 and Peter Peyser advised Sound Transit during the approval process for this TIFIA loan and their previous ones.
Click HERE to see Sound Transit’s News Release on the OMFE Loan