After several months of work, the city is ready to complete the next milestone toward putting the Waterfront LID in place. But one obstacle remains in its path.
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).
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.
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)
Welcome to “Bizarro World” Seattle. Last night after the May Day march, the antifa “anarchists” were anything but. And today, civic discourse descended into the pit of despair as bluster, posturing, speechifying and flat-out verbal abuse displaced serious policy debate on complex issues.
Earlier this week, the Seattle Ethics and Elections Commission (SEEC) held its monthly meeting (video). Top of the agenda: taking up once again the proposed change to the city’s conflict of interest rule for elected officials in light of the change to district-based Council positions.