The Mobility and Infrastructure Initiative funds high-priority infrastructure needs that are not paid for through the city’s seven-year spending blueprint for capital projects, called the Capital Investment Program Plan.
The City Council has identified several possible financial strategies to generate revenue for the projects, estimated to cost approximately $299 million over 10 years.
Among those strategies are property taxes, transportation impact fees, state and federal grants, incentive zoning, right of way dedications, new tax revenue generated as a result of the projects, and local improvement districts or LIDs. LIDs in Bellevue: Frequently Asked Questions offers more details.
450 110th Ave. NE
P.O. Box 90012
Bellevue, WA 98009
Contact: Eric Miller, Capital Programming Manager