SMP to sell property

Wanna buy a bridge?

Seattle Monorail Project should quickly sell off its unused station properties and close shop by New Year's Eve, interim Director John Haley said this morning.

"Transit's been killed. It's an execution. But I respect the will of the voters, and they were crystal clear they want this project killed," he said...

The agency will soon shrink itself into a land-liquidation enterprise.

Monorail Project Chairwoman Kristina Hill mentioned a possible auction, while Haley dismissed a suggestion by board member Cleve Stockmeyer to hang onto some $62 million worth of land in case the city proposes a post-SMP transit system for the city's western flank. Land will be discussed at a board meeting tonight.

Here's a press release detailing SMP's shutdown protocol, as agreed upon at tonight's meeting. The full plan is due to be released tomorrow.