COMMISSION 
AGENDA MEMORANDUM                        Item No.          11c 
BRIEFING                               Date of Meeting        May 14, 2024 

DATE:     March 24, 2024 
TO:        Stephen P. Metruck, Executive Director 
FROM:    David McFadden, Managing Director, Economic Development Division 
Annie Tran, Economic Development Program Manager 
SUBJECT:  International Public Market – Final Report Findings 
EXECUTIVE SUMMARY 
The Port of Seattle and King County hired New Venture Advisors to complete a feasibility study
to explore the concept of developing of an International Public Market facility in South King
County. This memo and presentation will provide an overview of the feasibility study and
findings. 
An International Public Market has the potential to attract tourists and visitors, provide a
gathering space, showcase local cultural attributes, and support economic development and
entrepreneurship for small businesses. 
Project Scope 
The study was completed in two phases. 
Phase 1 of the project primarily focused on community engagement and conducting a market
analysis to understand the market demand and current market conditions in South King County. 
Phase 2 of the project included defining the market attributes, performing a site analysis,
developing concept models, developing proforma operating proformas (profit/loss/revenues),
developing an implementation schedule, and producing a final report. 
Throughout the duration of the study, Port staff engaged a diverse group of 20+ advisory
committee   members  including  city  economic  development  staff,  community-based
organizations, businessowners, and electeds. 
Final Report Attached 
The final report includes an in-depth analysis of four concept models and the proforma
(profit/loss/revenues) examined. 

Template revised January 10, 2019.

             COMMISSION AGENDA – Action Item No. 11c                                  Page 2 of 2 
Meeting Date: May 14, 2024 






Next Steps 
Port staff are working with local economic development staff from the cities of Burien, SeaTac,
and Tukwila to provide briefings to each jurisdiction’s city councils in the coming months. 
ATTACHMENTS TO THIS REQUEST 
(1)   Final Feasibility Study 
(2)   Presentation 
PREVIOUS COMMISSION ACTIONS OR BRIEFINGS 
March 21, 2023 – Memorandum of Understanding with King County for International Public
Market Study 








Template revised June 27, 2019 (Diversity in Contracting).