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Seattle Transit Oversight Panel Criticizes Light-Rail Budget.
Knight Ridder/Tribune Business News, March, 2001
By Andrew Garber, The Seattle Times Knight Ridder/Tribune Business News
Mar. 9--Sound Transit's citizens-oversight panel yesterday criticized the agency's $3.8 billion light-rail budget as "highly aggressive and optimistic."
In its year-end report, the panel also said it is worried Sound Transit could repeat past mistakes, such as underestimating costs to dig a tunnel and buy right of way.
Those errors led the agency in December to reveal the project is $1 billion over budget and three years behind schedule.
The 15-member committee, appointed by the Sound Transit board to serve as an in-house watchdog, has become increasingly critical of the agency, warning the board about cost overruns that threatened the project.
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