Short Version: Economy forces Port of Seattle to hold off buying the $107 million corridor from BNSF:
Long Version: Port of Seattle thought twice about issuing bonds to purchase the Woodinville Subdivision, mainly because of current state of the economy. In addition, the Federal Transportation Board hasn't completed its analysis of the deal. I don't think there is any indication it wouldn't go through, but given some of the notoriety the Port had last year I'd say the head honcho is being nice and conservative.
What's interesting about the above-linked article is that the P-I focuses on the bike trail angle of the transaction, rather than the potential transportation perspective that the line could become for the region. The media sees this as a bicycle resource, not a transportation resource for more than two wheels.
Not too balanced if you ask me.
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