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The City of Seattle
Ordinance /
Council Bill /
title
An ordinance relating to the Seattle Monorail; authorizing the Seattle Center Director to execute an amendment to the Amended and Restated Monorail System Concession Agreement between The City of Seattle and Seattle Monorail Services, LLC, previously authorized by Ordinances 124674 and 125942, increasing the maximum allowable fares; and ratifying and confirming certain prior acts.
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Recitals:
The Seattle Center Monorail was constructed in 1962 by Alweg International of Germany as part of the 1962 Seattle World’s Fair and is an iconic symbol of Seattle.
The Monorail trains are a designated Seattle Historic Landmark.
The Monorail provides a public transportation link between downtown Seattle and Seattle Center.
More than 2,000,000 riders utilize the Monorail each year.
Ordinance 124674 authorized execution of the Monorail Concession Agreement with Seattle Monorail Services (Concession Agreement). Ordinance 125942 authorized the execution of an amendment to the Concession Agreement.
Pursuant to the Concession Agreement, Seattle Monorail Services operates and maintains the Seattle Center Monorail as a concessionaire.
The Seattle Center Monorail accomplishes something no other transportation system in the state and few in the country have done; taxpayers pay none of the Monorail’s operating costs. Instead, operating expenses are fully funded through the system’s fare revenue.
Through the Concession Agreement structure, the system returns revenue to Seattle Center each year. Fare revenue also helps support equipment upgrades and construction-related costs.
The Concession Agreement states Regular Fares shall be adjusted on January 1 of every third year (beginning January 1, 2025) based on any cumulative percentage increase for the latest month prior to the required public comment period as compared to the CPI-U I...
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