"To the public I want to say this," said board member Steve Williamson. "I keenly feel people's sense of betrayal."

The "betrayal" he mentioned includes growing outrage over the public perception of the true monorail cost.

"For me the financing plan as it was presented was dead on arrival," added Board Member Cindi Laws.

It's death throes began when it was disclosed that the estimated $2 billion cost of the initial project actually means an estimated $11 billion when the $9 billion in interest payments is included over the course of roughly 50-years. Newspaper reports also question if that loan- to-total cost ratio is consistent, or even close, to the cost of similar-scale public works projects.

"It seems clear that the finance plan as it is currently proposed is simply not workable," said monorail board member Sue Secker.

But the initial financing plan has already been sent to the Seattle City Council where support is beginning to sour.

And, in Olympia Thursday, State Senator Ken Jacobsen called for a special session where he wants to kill the monorail plant outright.

"The ballooning cost of the monorail is ridiculous," Jacobsen said in a written statement. "There's no end in sight. Taxpayers deserve better."

Gov. Christine Gregoire's office said it received Jacobsen's request late Thursday and would evaluate it, but would not have anything to say about it until next week.

Monorail opponent Geof Logan at the Thursday meeting called for the resignation of the monorail board and it's senior staff because of what he called a "dangerous combination" of "arrogance and ignorance."

"If you are truly sincere about moving this project forward then you have to get out of the way," he said. "You have to leave."

None of the board members took him up on his offer.

The 14-mile elevated train would link Ballard, the Seattle Center, downtown and West Seattle. City voters have approved monorail ballot propositions in four elections.

In documents released this week by project directors, the cost was projected to be closer to $11.4 billion, including financing costs over a period of 40 years or more.

Last week, state Treasurer Mike Murphy said the project had become unaffordable and should be shut down.

Murphy and state Auditor Brian Sonntag are meeting with monorail officials July 8 in Olympia. The monorail board is to vote on the contract for the project July 13 or July 20.

Current plans call for the project to be financed by 40-year bonds, high-interest "junk bonds" and revenues from the citywide car-tab tax, according to project documents.

Monorail officials have defended the financing costs, saying the $11.4 billion figure reflected inflated future dollars, and contending the project would provide 2,100 local jobs in every year of construction.

Members of the Seattle Monorail Project board agreed Thursday night to come up with a new, more easily explained, and accurate financing plan to present to the Seattle City Council.

"The reality is the public does not want this finance plan and I don't blame them," said board member Jean Kohl-Welles.