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Team pegs project at roughly $350 million and outlines funding mix; parks remain state‑owned, bridge to be turned over to Olympia
Summary
Presenters gave a rough $350 million project estimate, described ~ $80 million in grant applications and some secured NOAA and state funding, and explained the interlocal agreement for ~$18 million of post‑construction maintenance dredging; Heritage and Marathon parks remain state‑owned while the new bridge would transfer to the City of Olympia.
Project leads told attendees the full estuary restoration and associated infrastructure are currently estimated at about $350 million, with more precise numbers to be determined as design advances beyond 30%.
"Right now, we're looking at about 350,000,000," Anne told the meeting, adding that the team has submitted roughly $80 million in grant applications and has secured approximately $6.4 million from NOAA and $7 million in state allocations. She noted some funds (about $2 million) remain contingent on initiative outcomes.
The team described two separate financial tracks: (1) construction/design funding (pursued through grants, federal earmarks and legislative requests) and (2) an interlocal agreement (ILA) being negotiated among jurisdictions to fund long‑term maintenance dredging in navigational West Bay. Tessa said the ILA covers roughly $18 million split across seven parties, with Thurston County’s share about 12%.
On ownership, Anne said the state will continue to own Heritage Park and Marathon Park after construction; the new 5th Avenue bridge would be turned over to the City of Olympia for operation and maintenance.
