Revised January 9, 2015 
Seaport Briefing: 
Terminal 5 Modernization Project Update 
East and West Waterway Deepening Project 
T-5 Interim Uses 
Pier 34 Mooring Dolphins 

Linda Styrk, Seaport Managing Director 
Kurt Beckett, Deputy CEO 
January 2015

Century Agenda & Seaport Business Plan 
Seaport Net Operating Income by Business Group  
Century Agenda                $'s in thousands 
70,000
Seaport Goals: 
60,000
224           5,592 
Position the Puget Sound region              7,123 
as a premier international       50,000                8,120 
7,376 
logistics hub                                      1,535          6,787 
409 
Increase job and business         40,000
8,111 
opportunities for local
communities in maritime, trade,                                4,355 
30,000
travel and logistics. 
Grow seaport annual container                            44,718 
20,000        42,135 
volume to more than 3.5 million
30,006 
TEUs. 
10,000
Double the economic value of
the fishing and maritime cluster. 
(397)                (614) 
0
(2,019)             (1,943)               (250) 
2013 Actual         2014 Budget        2015 Prelim Bud
(10,000)
Containers   Grain   Industrial Properties   Cruise   Maritime Operations   OP ERL/Sec

PUT PASSENGERS ON SHIPS MAKE SHIPS OUTLINES 

Container Vessels are Getting Larger 

Pilotage navigation guideline: 
10% of draft below keel

Dock
Strengthening 
Berth
Deepening 
Power 
Upgrades 


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Terminal 5 Timeline 
2014         2015         2016         2017         2018 
Receive Permits 
Planning      Completed 15% Design        Apply for Permits 
Commission
Design and Permitting
Authorization
30%      6 0%         90% 
Advertise             Construction


Tenant Solicitation              Crane Removal


5

Deepening Projects     East Waterway 
Deepening -51' to -55' MLLW 
West Waterway             T-46 
Deepening -51' to -55' MLLW 


T-30 
T-5 
T-18 




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West Waterway Deepening Project Schedule 
2014   2015   2016   2017   2018   2019   2020   2021   2022   2023 
DFS Released 
Feasibility Study                       Engineering Design
Appropriation
Recon                            Project
of funds
Study                            Authorization
Construction thru 2025
Complete                                                     Construction starts 
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Temporary Interim Uses at T5 
Break Bulk                                Ro-Ro & Automobiles 


Bulk 
Break Bulk 
Homeport Moorage 



Homeport Moorage 
Break Bulk

Future Outlook  Funding Challenges 
Revenue from Temporary Interim Uses would help 
fund needed items for T-5 Modernization, such as: 
T5 Stormwater Treatment System       estimated $10 - 20 Million 
T5 Yard Lighting Upgrade  LED         estimated $ 1 - 2 Million 

Seaport Net Operating Income Forecast              Seaport Capital Spending Forecast 
$'s Millions                                                    Committed and Business Plan Prospective Projects 
$'s Millions 
80.0                                               140.0
120.0
70.0                                                                       100.0 
100.0
16.0 
60.0                                                80.0
50.0
60.0
50.0
40.0
20.0 
20.0     9.0                              16.5 
40.0
18.4         25.7         31.9         32.0
16.0 
0.0
30.0                                                       2015     2016     2017     2018     2019
2015    2016    2017    2018    2019              Other Projects*   T5 Modernization   Waterway Deepening
2014 Bud Frcst         Current Frcst
* Other Projects: includes T46 Improvements, 
Potential Revenue from T-5 Interim Uses              pile cap repairs and P34 mooring dolphins. 
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