Some important news - apparently SMART has found enough taxpayer $$$ to award a contract for the critical extension from San Rafael to Larkspur:
http://www.marinij.com/general-news/20170622/smart-awards-363m-contract-for-larkspur-extension
Not sure exactly what this funding covers. The bus station and some adjacent roadways in downtown San Rafael require major modification and relocation.
To be successful, they will need to build a weather tight pedestrian walkway (people mover?) directly from the southern terminus across SFD Highway to the ferry terminal. Otherwise, commuters will face a ridiculously long walk. Good luck with that.