The project was started by the Washington Public Power Supply System in 1977. The construction of the facility was halted in 1983 due to cost overruns, along with a slowing of electricity demand growth, led to cancellation of two plants and a construction halt on two others. Moreover, the agency defaulted on $2.25 billion of municipal bonds, which is still the largest municipal bond default in U.S. history. The monumental court case which followed took nearly a decade to fully resolve.
The project was started by the Washington Public Power Supply System in 1977. The construction of the facility was halted in 1983 due to cost overruns, along with a slowing of electricity demand growth, led to cancellation of two plants and a construction halt on two others. Moreover, the agency defaulted on $2.25 billion of municipal bonds, which is still the largest municipal bond default in U.S. history. The monumental court case which followed took nearly a decade to fully resolve.
nondescriptcitizens 1 month ago
Awesome. Shame they never finished the plant. It could have produced a tremendous amount of electricity for everything from Portland to Bellingham.
zenmachinefilms 3 months ago
my brother-in-law works at BMT northwest in the huge building between the towers. the inside is massive and the sub-levels are just as amazing.
MrBubonicChronic 1 year ago
Great footage have more I would love to visit this place.
MissouriEarthMovers 1 year ago