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Issaquah eyes Newport trail and other projects for Transportation Benefit District funding
Summary
Council discussed using Transportation Benefit District (0.1) proceeds to advance high‑priority projects, including a multi‑phase Newport trail and intersection improvements. Administration said it secured $5.5M in PSRC grants and is considering bonding the TBD revenue to accelerate construction.
Administration presented a list of larger Transportation Benefit District capital projects that could be advanced with bonding, highlighting a Newport trail project divided into phase 1 and phase 2. The administration said roughly $17–18M is estimated for the trail with an expectation of securing grant funding (the presentation cited $11–14M of potential PSRC grants) and that the city would need to cover a local match for the remainder.
Council members discussed the tradeoffs of bonding councilmanically authorized TBD revenue (the 0.1 option) versus voter reauthorization for any tax rate increase, and asked for more detailed cost estimates. Administration noted the legal requirement to reauthorize a councilmanic 0.1 tax after 10 years and signaled conversations about possibly extending reauthorization windows.
