Jim Margard is a retired entrepreneurial investment manager, founder and partner of Rainier Investment Management, and a Chartered Financial Analyst. He serves on the Finance Committee of the Pike Place Market Foundation and resides at First and Union.
We were told in 2014 the connector streetcar capital costs would be $110 million, which ballooned to $286 million five years later. Still quoted, that new number fails to account for the last four and a half years of high inflation. We await the real number.
The Market, like downtown Seattle, is already stressed by post-Covid challenges and depressed downtown conditions. The two-year complete demolition of the First Ave. route, followed by bottlenecked streets and supply access, will create lethal threats to many of these businesses.