Everett plans to use $33M of transit merger funds for stadium project – HeraldNet.com

Everett plans to use $33M of transit merger funds for stadium project  HeraldNet.com

The news comes less than 24 hours after both Everett and Community Transit finalized a consolidation agreement Thursday. You are using an outdated browser. Please upgrade your browser or activate Google Chrome Frame to improve your experience. By Jenna Peterson Herald Writer and Will Geschke Herald Writer A view of the location of the potential new AquaSox stadium on Monday, Feb. 26, 2024 in Everett, Washington. The site sits between Hewitt Avenue, Broadway, Pacific Avenue and the railroad. (Olivia Vanni / The Herald) EVERETT — The city of Everett plans to put $33 million that it will receive from its merger with Community Transit toward its proposed downtown stadium project, city officials said in an interview Thursday.

The figure is cited in Everett’s financial plan for the stadium, expected to be released Friday, which also shows that the projected cost of the project has risen by $24 million since the beginning of the year — to a total of $144 million. In an interview with The Daily Herald that was under embargo until noon Friday, city staff attributed the increase to rises in property acquisition and construction costs. The planned announcement comes less than 24 hours after the merger became official, with Community Transit approving the consolidation agreement with Everett Transit on Thursday afternoon. The merger is set to go