By Sen. Rosemary McAuliffe, Rep. Luis Moscoso and Rep. Derek Stanford
The Mountlake Terrace Main Street Revitalization project, currently being considered by the Washington State Legislature for funding, would enhance downtown and create a dynamic new community epicenter.
State capital budget dollars provide the critical financial boost for construction and maintenance dollars for local governments, school districts, non-profits, housing, and cultural facilities. City revitalization projects like this create jobs and promote healthy business environments throughout Washington state.
The Mountlake Terrace Main Street Revitalization Project is an ideal capital investment for the state. Just minutes from the two major urban and economic hubs of Seattle and Everett, it will spur sustainable economic development, build affordable housing, reduce greenhouse gas emissions and connect the developing town center with transit hubs near Interstate 5.
It’s also a jobs package that will help our state recover from the Great Recession by creating an estimated 1,400 permanent jobs.
Mountlake Terrace has never received state capital budget money and has shown it manages public funds responsibly by keeping their finances in order through the Great Recession.
Having put the management structures in place to effectively maintain their finances, we believe the city government will be a good steward for this project. In fact, the majority of funding for this revitalization project, $6.5 million, will come from Mountlake Terrace itself. All the city needs is an additional $5.5 million from the state Capital Budget to put this shovel-ready plan into action.
With proven fiscal prudence, and clear local and regional return on investment, we ask our colleagues in the Legislature to approve funding for the Mountlake Terrace Main Street Revitalization project. Please join us in supporting state funding for this dynamic project.