The Port of Seattle announces new rail corridor partners
The six partners have signed an MOU that outlines the components of the plan and the governing boards of each organisation have to authorise the negotiations. The port’s acquisition of the corridor is scheduled to close on December 15 this year.
“The port’s goal has always been to help place the corridor into public ownership,” said Port of Seattle CEO Tay Yoshitani. “It would be impossible to recreate a similar asset today, and we need to protect it for the region’s citizens. We have formed a consortium that ensures the best use of the property for the future.”
The 42 mile (67 km) corridor stretches from Snohomish to Renton, with a short spur that goes through the city of Redmond: the Port of Seattle will maintain a freight service between Snohomish and Woodinville.
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