This afternoon, the City Council voted to approve the long-debated Waterfront Local Improvement District (LID), along with companion legislation that approves an operations and management agreement for the resulting Waterfront Park and a “protest waiver” agreement with the owners of a majority of the property interests in the LID assessment area.
This morning, the City Council voted to move out of committee the legislation establishing a Waterfront Local Improvement District (aka LID).
This afternoon the City Council got a briefing on the waterfront LID agreement that the city negotiated with property-holders in the proposed LID assessment area, as well as other updates on the Waterfront Park project. Here are some key new learnings beyond my writeup last week.
Last week Mayor Durkan announced that the city had reached an agreement with a group of property owners in the proposed Waterfront LID area that would allow the LID to move forward and ensure that the Waterfront Park project is fully funded. The Mayor’s Office has made available a copy of that agreement, along with the accompanying legislation and other documents that have been transmitted to the City Council for its review and approval.
In an attempt to get better transparency over the city’s large capital projects and provide early warning on those running behind schedule or over budget, the City Council worked with the executive branch to define a quarterly report that lists all the projects and provides additional detail on a handful that have been added to a “watch list.”
The second-quarter report is in; here’s what it says.
Seattle’s waterfront is undergoing a massive $4.7 billion renovation, including rebuilding the seawall, tearing down the Alaskan Way Viaduct and replacing it with a deep-bore tunnel, rebuilding Colman Dock and the ferry terminal, remaking the Alaskan Way surface street, and improving park and streetscape elements as part of the city’s $688 million Waterfront Seattle initiative. $200 million of the funds to pay for Waterfront Seattle are proposed to come from a new Local Improvement District: a special assessment on downtown properties that are expected to increase in value because of the project. But some residents who will be subject to the assessment are unhappy that they are being asked to foot part of the bill for a project they say will benefit the entire region.
Let’s look at how LIDs work, and how this one in particular is structured.
(5-21-18: updates below)
Today the City of Seattle published the Final Environmental Impact Statement (FEIS) for its proposed redevelopment of the Fort Lawton property in Magnolia.
As expected, this afternoon the City Council unanimously approved the proposed expansion, renovation and 55-year lease extension for the Seattle Art Museum. Mayor Durkan has recused herself from consideration of the project, so it will pass into law without her signature.
With little commotion, the proposed expansion, renovation and lease extension of the Seattle Asian Art Museum passed out of Council committee today and is headed for final approval.
The City Council is considering a plan to expand the Seattle Asian Art Museum in Volunteer Park and extend the Seattle Art Museum’s lease on the property for an additional 55 years. The plan has many supporters, as well as a dedicated set of opponents.