ITEM NO:         _____7a_supp_____ 
DATE OF MEETING:  March 27, 2018 

1980s 



Waterfront and
Transportation
Investments 
1

Condos 
Marina 
Hotel 
Restaurants 
WTC 

Office Building 
Parking 
Conference Center 
Cruise Terminal 
2

Regional Transportation Investments 


MAJOR PROJECTS 
Alaskan Way Viaduct Replacement Project       $281M 
Link Light Rail Extension                            $110M 
SR 519 Access                                     $13M 
EMW Grade Separation                         $22M 
SR 518 Lane Expansion                          $19M 
Terminal Truck Access                             $25M 
Lander St Overpass                               $15M 
Heavy Haul                                     $20M 
Safe & Swift  North Corridor                       $5M             3

AGENDA 
Welcome & Introduction 
Waterfront Overview 
Budget 
Operations & Management 
Waterfront Local Improvement District 
Economic Value from Parks 
What is an LID? 
How Special Benefit Works 
Feasibility Study 
Q&A 
4

'
WATERFRONT SEATTLE PROGRAM                    |                                                      OLYMPIC
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~    '                           ELLIOTT BAY .
.
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'.                                                                                           SCULPTURE
'v
SEAWALL PROJECT
I
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SR 99 TUNNEL PROJECT
Waterfront Seattle
- SEATTLE MULTIMODAL TERMINAL AT                                                    I,
COLMAN DOCK PROJECT
- PARTNER PROJECTS
Project construction dates are tentative and
suMecttochange

Pier 62/63 Rebuild
[2017-2019'

Seattle Multimodal Terminal
at Colman Dock Project
[2017-2023]                     V,     RTE PLAcE ..
:
'
"
'

r                                  MARKET'

WESTEDGE 'E'
RETAIL CORE
V.
E     t
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" SR 99 Tunnel Prolect
E2833: '1
a O  [2011-early 20191

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6

7

WATERFRONT SEATTLE FUNDING 




8

OPERATIONS AND MANAGEMENT 
Maintenance approach 
Baseline: City departments 
Enhanced: Parks/Friends agreement 
Programming and activation 
Budget 
Seattle Parks District: $3.5M/year for Parks staff 
Friends of Waterfront Seattle: anticipated $1M+/year 

9

PROJECT PUBLIC BENEFITS 


10

"PROXIMATE PRINCIPLE" 




11

HR&A VISITATION STUDY 



1.5 million net new annual visitors: $191.3 million direct spending 
12

LID PROCESS 


13

SPECIAL BENEFIT STUDY AREA 




14

SPECIAL BENEFIT 




15

FEASIBILITY STUDY 
Initial estimate of overall range of total special benefit to
determine feasibility 

Does not include parcel-by-parcel analysis and is not used to
determine assessments. 

Total estimated range in study area: $300-420 million 


16

LID FORMATION PROCESS 




17

QUESTIONS? 


18

BACK POCKET

CONSTRUCTION SCHEDULE 




20

WATERFRONT SEATTLE PROGRAM 




21

mnniimm
Inn-mum" ~










22

SEAWALL AND PROMENADE 




23

MOBILITY AND ACCESS 




24

ACTIVE RECREATION 




25

PIKE AND PINE STREETS 
Pike and Pine
streets, between
First Avenue and
Melrose Avenue
Pedestrian and
streetscape
improvements 
Budget: $20 million
(all costs including
design, construction,
City costs) 
Funding Source:
Waterfront Local
Improvement
District, partner
projects
26

OVERALL WATERFRONT INVESTMENTS
(INCLUDING UTILITIES AND SEAWALL) 








27

CASE STUDY: 
MILLENIUM PARK (CHICAGO) 



$1.4B of direct spending generated in park vicinity 
28

INCREASE IN LOCAL 
BUSINESS SALES 
Doubles near streetscape improvements 
100%
90%
80%
70%
60%
48% 
50%
40%
30%
22% 
20%          15% 
7% 
10%
0%
Improved                   Not Improved
Year 1   Year 2
29