7b supp
ITEM NO. _7b_Supp________ DATE OF MEETING: Sept 27, 2011 Aviation Division 2012 Capital Budget Commission Briefing September 27, 2011 1 1 Presentation Overview Airline industry status & implications for Sea-Tac Sea-Tac Airport Status Capital budget drivers Historical spending Proposed new projects Capital projects by strategic driver 2 Industry Status/Trends Domestic airline industry was profitable in 2010, forecasting near breakeven for 2011 IATA forecasting global industry profit of $6.9 billion in 2011 Fuel costs are high (near 2008 levels), yet Industry has figured out how to survive: Focus on profit, not market share Unprofitable routes eliminated Seasonal capacity changes, very high load factors Consolidation Ancillary fees Industry expert predicts limited domestic growth, but there will be winners and losers among airports Large hubs with limited regional competition and international connections will likely see growth 3 3 Implications for Sea-Tac Sea-Tac will likely see growth in spite of economic uncertainty SEA is a large hub, has international connections, and has limited competition Very resilient market "Only" 3% drop in traffic during Great Recession Alaska Airlines is profitable and growing Record earnings for 2011 YTD Highest enplanement growth among U.S. airlines for January June 2011 (10.7%) Implications: Need to plan for growth 4 4 Sea-Tac Status Positive enplanement growth each month since June 2010 Strong YTD enplanement growth through July 2011: + 4.6% International +7.0% Forecasting growth of 3.5% for 2011 Exceeding last year's 2011 growth forecast of 1.0% BIG QUESTION: Future of economy and effect on future air travel 5 Enplaned Passengers Traffic dropped 3% 19,000 in recent recession, 18,000 pointing out 17,000 resiliency of market 16,000 demand 15,000 Faster recovery than after 2001 14,000 Assumptions: 13,000 2011: 3.5% 12,000 2012: 1.5% 11,000 2013: 2.2% 10,000 2014+: 2.2% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 6 Capital Budget Drivers New Projects are driven by Century Agenda: 25 Year Strategic Goals Fully meet the region's air transportation capacity needs (Passenger and Cargo Projects) Make Seattle-Tacoma International Airport the west coast "Gateway of Choice" for international travel (FIS and common use technology projects) Double the number of international flights and destinations (FIS) Be a catalyst for this region as a premiere destination for tourists from Asia, Europe, and other targeted international areas (FIS) 7 Capital Budget Drivers Meet the region's Air Transportation Capacity needs for next 25 years: 5 year Strategic Milestones: Complete STIA Master Plan (Airfield, Terminal, Landside) - considering other regional airports Utilize technology to increase capacity (2-step ticketing, common use kiosks, self bag tagging) Evaluate on-site hotel development 8 Capital Budget Drivers Make STIA the Gateway of Choice for Int'l Travel 5 year Strategic Milestones: Complete Mid-Term Improvements to FIS to increase capacity ($37 million) Plan, Design, and begin Construction of new FIS ($200-400 million) Make Baggage Improvements to reduce time between flights for connecting passengers ($20-30 million) 9 Capital Budget Drivers Double the Number of Int'l Flights and Destinations 5 year Strategic Milestones: Attract and launch new services to Shanghai, Hong Kong, and the Middle East (mid-term and new FIS) Attract and launch added service in two existing markets (mid-term and new FIS) 10 Capital Budget Drivers Sea-Tac Strategic Goals: 1. Operate a world-class international airport by: Ensuring safe and secure operations Meeting needs of our tenants, passengers and the region's economy Managing our assets to minimize the long-term total cost of ownership 2. Become one of the top ten customer service airports in the world by 2015 (measured by the ACI ASQ index) 3. Lead the airport industry in environmental innovation and minimize the airport's environmental impacts 4. Reduce airline costs (CPE) as far as possible without compromising operational and capital needs 11 Capital Budget Drivers 5. Maximize non-aeronautical net operating income (NOI) consistent with current contracts, appropriate use of airport properties and market demand 6. Continually invest in a culture of employee development, organizational improvement, and business agility 7. Develop valued community partnerships based on mutual understanding and socially responsible practices 12 Airline Realignment Projects Direct Capital Projects $30-35 million Concourse D Common Use Expansion Passenger Loading Bridges Baggage Modifications Exterior Gate Improvements Airport Signage Linked Capital Projects $70+ million North Satellite Improvements, Seismic, HVAC, Club Structure Concourse C Improvements North Checkpoint Reconfiguration Expense Projects $20-25 million Tenant improvements Future Capital Projects $TBD North Satellite Expansion, etc. Page 13 Capital Spending: 2000 - 2010 Capital Spending 450 400 350 300 250 200 150 100 50 - 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 14 Capital Budget: 2011 - 2016 400 350 BP Prospective 300 Committed 250 200 150 100 50 - 2011 2012 2013 2014 2015 2016 15 Projects Proposed for Approval Figures in $000s AERONAUTICAL PROJECTS: Safe and Secure Operations Bollards for Upper & Lower Drive Doors 500 Capacity Needs of Tenants, Passengers, and Region Snow Removal Equipment 2,000 New Window Wall Kiosks at Ticket Zone 1 5,566 Convert Ticket Zone 2 to a "Pushback" 10,669 Convert Ticket Zone 3 FlowThru 32,000 Cargo 6 Enhancements 5,550 South Access Property Acq. 1,500 Perm Emergency Back-up Power 30,238 Manage Facility Assets Fire Station Electrical Service Upgrade 2,030 Facility Monitoring System Renewal 5,000 Mechanical Controls System Improvements 1,800 Top Ten Customer Service Airport in World Security Checkpoint Electronic Wayfinding 900 Laptop Power Plugs in Concourses 3,000 Reduce Ariline Costs as far as possible Lighting Upgrades for Energy Efficiency 3,000 Rubber and Paint Removal Equipment 600 IWS sensors to allow high BOD Segregation 1,000 NON-AERONAUTICAL (NOI) PROJECTS: Manage Facility Assets Paving Improvements at Port Surface Parking Lot (D Fox) 1,665 16 Capital Budget By Strategic Driver 2011 Total CIP Category Estimate 2012 2013 2014 2015 2016 2012-16 Committed 184,783 270,043 117,796 43,474 3,528 9,500 444,341 BP Prospective 5,935 75,004 174,684 134,489 49,182 211,971 645,330 Total 190,718 345,047 292,480 177,963 52,710 221,471 1,089,671 Strategic Driver Safety & Security 2,328 6,115 4,846 4,770 2,740 - 18,471 Capacity & Customer 121,232 147,100 133,932 54,959 3,288 12,000 351,279 Manage Assets 28,380 81,796 94,206 60,409 15,146 83,971 335,528 Customer Service 5,991 17,546 3,500 1,304 500 500 23,350 Environmental 1,614 500 500 385 - - 1,385 Reduce CPE 21,571 52,715 17,326 3,500 - - 73,541 Non-Aeronautical 1,726 7,252 6,933 242 - - 14,427 Community Partnership 4,832 15,660 6,317 18,967 - - 40,944 Subtotal 187,674 328,684 267,560 144,536 21,674 96,471 858,925 Allowances 3,044 16,363 24,920 33,427 31,036 125,000 230,746 Total 190,718 345,047 292,480 177,963 52,710 221,471 1,089,671 17 Safe and Secure Operation 2011 Total Description Estimate 2012 2013 2014 2015 2016 2012-16 North Satellite Seismic 25 450 2,200 4,770 2,740 - 10,160 Access Control Door Additions 230 1,570 - - - - 1,570 ALCMS Upgrades 921 1,189 - - - - 1,189 Additional AF Mitigation at Ty 179 500 119 - - - 619 Emergency Lighting - Parking 75 600 - - - - 600 Bollards for U&L Drive Doors - 500 - - - - 500 Lagoon 3 Bird Wires 20 366 - - - - 366 Security Checkpoint Cameras 400 100 - - - - 100 All Other 478 840 2,527 - - - 3,367 Total 2,328 6,115 4,846 4,770 2,740 - 18,471 18 Capacity & Customer Needs 2011 Total Description Estimate 2012 2013 2014 2015 2016 2012-16 Aircraft RON Parking USPS Site 350 4,750 30,566 3,000 - - 38,316 Convert Ticket Zone 3 FlowThru - 1,000 26,000 5,000 - - 32,000 FIS Improvements- Phase 1 119 14,000 17,581 - - - 31,581 Perm Emergency Back-up Power - 2,000 7,000 21,238 30,238 Terminal Realignment - 8,000 11,000 5,027 - - 24,027 Cargo 2 West Cargo Hardstand - 100 2,200 11,000 - - 13,300 PLB Replacement-AR 2,441 10,909 1,500 - - - 12,409 Convert Ticket Zone 2 Pushback - 1,000 8,000 1,669 - - 10,669 New Window Wall Ticket Zone 1 - 750 4,750 66 - - 5,566 Cargo 6 Enhancements - 550 4,900 100 - - 5,550 Snow Removal Equipment - 2013 - 100 1,900 - - - 2,000 South Access Property Acq. - 1,500 - - - - 1,500 Airport Owned Gate Infrastruct 1,443 1,316 - - - - 1,316 All Other 116,879 101,125 18,535 7,859 3,288 12,000 142,807 Total 121,232 147,100 133,932 54,959 3,288 12,000 351,279 19 Managing Facility Assets 2011 Total Description Estimate 2012 2013 2014 2015 2016 2012-16 Terminal Escalators Modn 7,419 17,000 6,300 14,106 - - 37,406 SSAT HVAC,Lights,Ceiling Repl 125 3,000 15,000 9,371 - - 27,371 Airfield Pavement Replacement 4,611 2,100 23,901 - - - 26,001 Vertical Convey Modn Aero Ph2 300 5,000 9,000 5,432 - - 19,432 8th Floor Weather Proofing 2,423 10,482 - - - - 10,482 Vertical Convey Modn Aero Ph1 232 7,454 2,506 - - - 9,960 Facility Monitoring Sys Renewl - 1,000 2,500 1,500 - - 5,000 Service Tunnel Renewal/Replace 25 1,000 1,200 2,500 275 - 4,975 2011-2013 Roof Replacement Pro 204 4,577 - - - - 4,577 Fire Dept Facility Upgrade - 500 3,000 - - - 3,500 Fire Station Elec Service Upgr - 500 1,530 - - - 2,030 Airportwide Mech Controls Sys - 250 1,550 - - - 1,800 Doug Fox Site Improvements 5 365 1,295 - - - 1,660 All Other 13,036 28,568 26,424 27,500 14,871 83,971 181,334 Total 28,380 81,796 94,206 60,409 15,146 83,971 335,528 20 Customer Service 2011 Total Description Estimate 2012 2013 2014 2015 2016 2012-16 Loading Bridges Utilities 167 10,907 - - - - 10,907 FIMS Phase II 2,562 4,214 - - - - 4,214 Laptop Power in Concourses - 300 2,200 500 - - 3,000 Security Checkpoint Wayfinding - 400 500 - - - 900 All Other 3,262 1,725 800 804 500 500 4,329 Total 5,991 17,546 3,500 1,304 500 500 23,350 21 Reduce Airline Costs 2011 Total Description Estimate 2012 2013 2014 2015 2016 2012-16 EGSE Rolling Stock 5,059 24,941 - - - - 24,941 Cent Plant Preconditioned Air 15,078 15,653 5,332 - - - 20,985 GSE Electrical Chrg Stations 371 6,000 7,924 - - - 13,924 Airport Owned Gate Infr II - 2,000 2,000 2,000 - - 6,000 Lighting Upgrades for Energy E - 300 1,200 1,500 - - 3,000 Stage 2 Mech Energy Implement 20 2,000 70 - - - 2,070 IWS BOD Segregation Improvemen - 200 800 - - - 1,000 Rubber and Paint Removal Equip - 600 - - - - 600 All Other 1,043 1,021 - - - - 1,021 Total 21,571 52,715 17,326 3,500 - - 73,541 22 Non-Aeronautical 2011 Total Description Estimate 2012 2013 2014 2015 2016 2012-16 Parking Retrofit 50 1,850 5,700 - - - 7,550 South Sat Concessions Project 230 1,618 - - - - 1,618 Parking Garage Light Retrofit 25 500 975 - - - 1,475 Concessions Unit Readiness Pro 641 1,222 - - - - 1,222 GML Arrivals Hall Concessions 25 625 158 - - - 783 Common Use Lounge Remodel 236 735 - - - - 735 All Other 519 702 100 242 - - 1,044 Total 1,726 7,252 6,933 242 - - 14,427 23 Community Partnerships 2011 Total Description Estimate 2012 2013 2014 2015 2016 2012-16 Highline School Insulation - 12,028 6,317 16,781 - - 35,126 Community College 1,567 2,187 - 2,186 - - 4,373 Home Insulation Retrofit 1,578 690 - - - - 690 Burien Commerical Prop Acq. 200 505 - - - - 505 Single Family Home Sound Insul 846 - - - - - - All Other 641 250 - - - - 250 Total 4,832 15,660 6,317 18,967 - - 40,944 24 CIP Allowances - Status Total 2011 2012 2013 2014 2015 2016 2011-16 Aero Allowance Beginning balance 800 16,728 35,500 50,000 55,433 100,000 258,461 Budget Changes - Projects cut from CIP 1,320 1,320 Approved uses - (11,000) (63,285) (31,573) (105,858) Balance 2,120 5,728 (27,785) 18,427 55,433 100,000 153,923 Redistribute allowance 40,000 (40,000) - Ending balance 2,120 5,728 12,215 18,427 15,433 100,000 153,923 Non-Aero Allowance Beginning balance 929 11,000 14,000 15,000 15,603 25,000 81,532 Budget Changes - Projects cut from CIP - Approved uses (5) (365) (1,295) (1,665) Balance 924 10,635 12,705 15,000 15,603 25,000 79,867 Redistribute allowance - Ending balance 924 10,635 12,705 15,000 15,603 25,000 79,867 2012 budget proposes to use more of five year allowance within next three years New FIS facility would likely require spending more than allowance 25 Capital Budget: 2011- 2016 400 Allowance 350 New BP Prospective 300 Rental Car Facility Existing CIPs 250 200 150 100 50 - 2011 2012 2013 2014 2015 2016 26 Seaport Division 2012 Capital Budget Commission Briefing September 27, 2011 Terminal 91 Pier 86 Pier 66 Terminal 46 T-18 On-Dock Rail BNSF (SIG - North) Terminal 30 T-5 On-Dock Rail Terminal 18 BNSF (SIG - South) Terminal 25 S Terminal 5 UPRR (ARGO) 28 2012 SEAPORT KEY STRATEGIES In 2011, the Seaport's three Strategic Initiative Teams developed long term Seaport Strategies: 1. Commercial Business 2. Asset Stewardship 3. Green Gateway For 2012, Seaport will advance these strategies in alignment with the Commission's Century Agenda, the CEO's Goals and Key Corporate Initiatives. 29 Capital Budget Review Capital Budget reviewed by cross functional teams Reviewed all existing projects and identified new projects as driven by: 2012 Seaport Strategies New developments and information from customers and tenants Continuing effort to identify specific renewal and replacement projects First draft of Seaport 2012 Capital Budget presented with Business Plan in August 30 30 Capital Budget Review (continued) Per policy effective in 2010, Seaport is financially self- sustaining Funding capacity for projects not yet determined Projects have been ranked as follows: Priority 1: In progress and/or most critical to 2012 business plan and/or lease commitment Priority 2: Critical to 2012 business plan Priority 3: Less critical to 2012 business plan and/or more uncertainty List of current and future major asset related expense project included 31 31 Seaport 2012 Capital Budget Capital Budget Summary $'s in 000's 2012 2012-2016 2017-2021 Total Committed 25,706 41,744 18,204 59,948 Bus Plan Prospective 4,868 254,396 222,950 477,346 30,574 296,140 241,154 537,294 Other Prospective 0 451,235 274,020 725,255 Total 30,574 747,375 515,174 1,262,549 32 Seaport 2012 Capital Budget Containers $ 000's Status Key Goal Priority Capital Project 2012 2012-2016 2017-2021 Total CONTAINERS Committed Commercial Business 1 Street Vacation Related Projects 3,213 7,803 0 7,803 Committed Commercial Business 1 T5 Crane Cable Reels 13 13 0 13 Committed Commercial Business 1 T10 Interim Development 475 475 0 475 Committed Asset Stewardship 1 T18 Fender Replacement 1,378 1,378 0 1,378 Committed Commercial Business 1 South T25 Container Yd Phase 2 12,200 12,200 0 12,200 Bus Plan Pros Commercial Business 2 Container Support Yard-3.5M T#1 0 30,000 0 30,000 Bus Plan Pros Asset Stewardship 2 Container Terminal Strm Water Pilot 1,000 1,300 0 1,300 Bus Plan Pros Commercial Business 2 T46 Development 0 25,000 15,000 40,000 Bus Plan Pros Asset Stewardship 3 T46 North Dock Replacement 0 20,000 0 20,000 Bus Plan Pros Commercial Business 3 T5 New Cranes (4) 0 45,000 0 45,000 Bus Plan Pros Asset Stewardship 3 P86 Fishing Pier Replacement 0 1,300 4,750 6,050 Bus Plan Pros Asset Stewardship 3 T18 Rail Crossings 0 0 1,000 1,000 Bus Plan Pros Commercial Business 3 Container Support Yard-3.5M T#2 0 0 35,000 35,000 TOTAL CONTAINERS COMMITTED & BUSINESS PLAN PROSPECTIVE 18,279 144,469 55,750 200,219 33 Seaport 2012 Capital Budget Grain $ 000's Status Key Goal Priority Capital Project 2012 2012-2016 2017-2021 Total GRAIN Committed Commercial Business 1 T86 Grain Facility Modernization 107 107 0 107 Bus Plan Pros Asset Stewardship 2 T86 Grain Facility- Cathodic Protect 900 1,000 0 1,000 TOTAL GRAIN COMMITTED & BUSINESS PLAN PROSPECTIVE 1,007 1,107 0 1,107 34 Seaport 2012 Capital Budget Industrial Properties $ 000's Status Key Goal Priority Capital Project 2012 2012-2016 2017-2021 Total INDUSTRIAL PROPERTIES Committed Asset Stewardship 1 T91 Water Main Repl N of Bridge 565 565 0 565 Committed Asset Stewardship 1 Pier 90 C175 Roof Replacement 2,005 2,005 0 2,005 Bus Plan Pros Asset Stewardship 2 T91 Substation Upgrades 0 2,500 0 2,500 Bus Plan Pros Asset Stewardship 3 T108 Paving Overlay 0 3,190 0 3,190 Bus Plan Pros Asset Stewardship 3 T104 Site Improvements 1,000 3,000 0 3,000 Bus Plan Pros Asset Stewardship 3 T115 Railroad Spur Upgrade 0 1,050 0 1,050 Bus Plan Pros Asset Stewardship 3 T91 Railroad Spur Upgrade 0 1,110 0 1,110 Bus Plan Pros Commercial Business 3 New Warehouse at Tank Farm** 0 21,900 0 21,900 Bus Plan Pros Commercial Business 3 T91 Replace Building C173** 0 0 23,700 23,700 TOTAL INDUSTRIAL PROP COMMITTED & BUSINESS PLAN PROSPECTIVE 3,570 35,320 23,700 59,020 Note **: New T91 warehouse and replacement of T91 C173 building part of phase 2 of program to rebuild berths 6&8 on Pier 90 35 Seaport 2012 Capital Budget Cruise $ 000's Status Key Goal Priority Capital Project 2012 2012-2016 2017-2021 Total CRUISE Committed Commercial Business 1 T30/91 Projects 25 25 0 25 Committed Commercial Business 1 Cruise Capital Allow-CTA Lease 375 375 0 375 Committed Commercial Business 1 Cruise TI Allowance-CTA Lease 251 251 0 251 Committed Asset Stewardship 1 P91 Fender System Upgrade 1,875 1,875 0 1,875 Bus Plan Pros Asset Stewardship 2 P66 Apron Pile Wrap 500 2,378 0 2,378 Bus Plan Pros Asset Stewardship 3 T91 Second Gangways Per Berth 0 4,500 5,000 9,500 Bus Plan Pros Green Gateway 3 P66 Shore Power (E) 0 13,700 0 13,700 TOTAL CRUISE COMMITTED & BUSINESS PLAN PROSPECTIVE 3,026 23,104 5,000 28,104 Note (E): Environmental Project 36 Seaport 2012 Capital Budget Docks $ 000's Status Key Goal Priority Capital Project 2012 2012-2016 2017-2021 Total DOCK OPERATIONS Bus Plan Pros Asset Stewardship 2 T91 Berth 6&8 Redev-Phse 1 0 24,500 0 24,500 Bus Plan Pros Asset Stewardship 3 T91 Berth 6&8 Redev-Phse 2** 0 13,000 12,500 25,500 Bus Plan Pros Commercial Business 3 Dredge Pier 90 East Berths 0 0 6,000 6,000 TOTAL DOCKS COMMITTED & BUSINESS PLAN PROSPECTIVE 0 37,500 18,500 56,000 Note**: Phase 2 of T91 Berth 6&8 Redevelopment requires removal of C173 Building on Pier 90. 37 Seaport 2012 Capital Budget Security and Other $ 000's Status Key Goal Priority Capital Project 2012 2012-2016 2017-2021 Total SECURITY Committed Security 1 Sea Sec Grant Rnd 7 - TWIC 700 700 0 700 Committed Security 1 Sea Sec 2009 ARRA-Sonar Sys 393 393 0 393 Committed Security 1 Sea Sec Grant Rnd 7B-Bomb Robot Trk 261 261 0 261 Bus Plan Pros Security 2 Sea Sec Grant Rnd 9-Dive Van,8 Cars 880 880 0 880 Bus Plan Pros Security 2 Sea Sec Grant Rnd 10-Mobile Cmd Veh 588 588 0 588 TOTAL SECURITY 2,822 2,822 0 2,822 OTHER Committed Green Gateway 1 Seaport Green Port Initiative ( E) 470 7,360 12,500 19,860 Committed Asset Stewardship 1 Seaport Small Projects 775 3,175 2,500 5,675 Committed Asset Stewardship 2 Other 625 2,783 3,204 5,987 Bus Plan Pros Asset Stewardship 3 Contingency Renew & Replace 0 38,500 120,000 158,500 TOTAL OTHER 1,870 51,818 138,204 190,022 TOTAL SEC AND OTHER COMMITTED & BUSINESS PLAN PROSPECTIVE 4,692 54,640 138,204 192,844 Note (E): Environmental Project 38 Seaport 2012 Capital Budget MAJOR EXPENSE PROJECTS $'s in 000's 2012 2012-2016 2017-2021 Total Asset Condition Assessments 1,000 1,000 0 1,000 T5 Dredge Phase 2 500 3,500 0 3,500 T18 Pile Cap Pilot 700 700 0 700 T18 Pile Cap Repair Project 500 30,500 0 30,500 T18 Remove IHI Cranes 0 1,000 0 1,000 T46 Demo Crane 54 0 450 0 450 Maintenance Dredge all Terminals 0 3,000 4,000 7,000 Total 2,700 40,150 4,000 44,150 Scope, process, and cost for repairing T18 pile caps currently under evaluation. Accounting treatment (capital or expense) to be determined. Potential need for pile cap repairs at T46 not included above. Specific timing and cost of maintenance dredge projects (beyond T5 Dredge Phase 2) are uncertain. 39 Seaport 2012 Capital Budget Capital Budget Summary with Major Expense Projects $'s in 000's 2012 2012-2016 2017-2021 Total Committed 25,706 41,744 18,204 59,948 Bus Plan Prospective 4,868 254,396 222,950 477,346 Total Committed & BPP 30,574 296,140 241,154 537,294 Major Expense Projects 2,700 40,150 4,000 44,150 Total Projects 33,274 336,290 245,154 581,444 Other Prospective Capital Projects 0 451,235 274,020 725,255 40 Real Estate Division 2012 Capital Budget Commission Briefing September 27, 2011 41 Capital Budget Review Capital Budget reviewed by cross functional teams Reviewed all existing projects and identified new projects as driven by: 2012 Real Estate Strategies New developments and information from customers and tenants Continuing effort to quantify/identify specific renewal and replacement projects First draft of Real Estate 2012 Capital Budget presented with Business Plan in August Funding capacity for projects not yet determined 42 Capital Budget Review (continued) Overall 2012-2016 Committed and Business Plan Prospective projects reduced by $12 million Primary changes since Business Plan SBM Restroom Replacements and Paving moved up to Business Plan Prospective status FT Waterside renewal and replacement projects moved out to 2016-2017 FT Net Shed project costs revised down Green Port Initiative moved to Prospective status Bell Harbor Marina Pile Wrap project moved up to Business Plan Prospective status Contingency Renewal and Replacement amount revised down 43 Real Estate 2012 Capital Budget Capital Budget Summary $'s in 000's 2012 2012-2016 2017-2021 Total Committed 10,924 21,325 8,486 29,811 Bus Plan Prospective 3,600 32,706 80,625 113,331 14,524 54,031 89,111 143,142 Other Prospective 0 34,523 32,223 66,746 Total 14,524 88,554 121,334 209,888 44 Real Estate 2012 Capital Budget By Location Fishermen's Terminal $ 000's FISHERMEN'S TERMINAL 2012 2012-16 2017-21 2012-21 Total FT Waterside Projects Capital Projects Status Description Committed FT Waterside Small Capital Projects 70 220 0 220 BPP FT Net Shed Solution 750 3,750 0 3,750 BPP FT Net Shed 9 Roof Replace 450 450 0 450 BPP FT NW Dock Improvements 0 100 38,700 38,800 BPP FT S Wall W End Pile Repl & Corr Protect 0 1,250 0 1,250 BPP FT W Wall N Fender Sys Replace 0 200 2,750 2,950 BPP FT W Wall N Sheet Pile Corr Protect 0 200 2,575 2,775 BPP FT Docks 3 Fixed Pier Improvements 0 200 2,800 3,000 BPP FT Docks 4 Fixed Pier Improvements 0 200 3,300 3,500 BPP FT S Wall Ctrl Fender Repl & Corr Protect 0 0 13,300 13,300 BPP FT W Wall South Sheet Pile Corr Protect 0 0 2,200 2,200 Total FT Waterside 1,270 6,570 65,625 72,195 FT Upland Projects Capital Projects Status Description Committed FT C15 HVAC Improvements 3,572 3,602 0 3,602 Committed FT Uplands Small Capital Projects 0 1,255 0 1,255 BPP FT Paving/Storm Upgrades 0 1,650 0 1,650 BPP FT C15 Bldg Roof Replacement 0 2,400 0 2,400 BPP FT C14 (Downey) Bldg Imp 0 950 0 950 BPP FT C-2 Bldg Roof & HVAC Rplmnt 0 1,150 0 1,150 BPP FT C-15 Bldg East Sewer Line 850 850 0 850 BPP FT C-15 Bldg Subsidence Imp 250 2,750 0 2,750 Total FT Landside 4,672 14,607 0 14,607 TOTAL FISHERMEN'S TERMINAL 5,942 21,177 65,625 86,802 45 Real Estate 2012 Capital Budget By Location Shilshole Bay Marina $ 000's SHILSHOLE BAY MARINA 2012 2012-16 2017-21 2012-21 Total Shilshole Bay Marina Recreational Boating Committed Small Projects 70 165 0 165 BPP SBM Fuel Floats & Building Improve 0 1,000 0 1,000 BPP Central Seawall Replacement 0 915 0 915 BPP SBM Restroom Replacement 0 4,800 0 4,800 BPP SBM Paving 0 1,000 0 1,000 Total SBM Recreational Boating 70 7,880 0 7,880 Shilshole Bay Marina Commercial Prop BPP SBM: Seaview Bldg A5 Rehab 0 300 0 300 Total SBM Commercial Prop 0 300 0 300 TOTAL SHILSHOLE BAY MARINA 70 8,180 0 8,180 46 Real Estate 2012 Capital Budget By Location Central Waterfront $ 000's CENTRAL WATERFRONT 2012 2012-16 2017-21 2012-21 Total Central Waterfront- Bell Harbor Marina BPP BHM Pile Wraps 500 2,361 0 2,361 Total BHM Recreational Boating 500 2,361 0 2,361 Central Waterfront Commercial Bldgs Committed Bell Harb Lighting Ctrl Upgrade 160 760 0 760 Committed Small Projects 150 535 0 535 BPP P66 Chiller Upgrades 300 300 0 300 Total Central Waterfront Commerical Bldgs 610 1,595 0 1,595 TOTAL CENTRAL WATERFRONT 1,110 3,956 0 3,956 47 Real Estate 2012 Capital Budget By Location Other Commercial Properties $ 000's OTHER COMMERCIAL PROPERTIES 2012 2012-16 2017-21 2012-21 Total Other Commercial Properties Committed Tenant Improvements -Capital 1,148 2,755 909 3,664 Committed Other Commercial Props Small Capital 0 475 50 525 BPP T102 Bldg Roof Replacement 0 2,430 0 2,430 Total Other Commercial Buildings 1,148 5,660 959 6,619 TOTAL OTHER COMMERCIAL PROPERTIES 1,148 5,660 959 6,619 48 Real Estate 2012 Capital Budget By Location Pier 69 and Other Projects $ 000's PIER 69 AND OTHER PROJECTS 2012 2012-16 2017-21 2012-21 Total Other Committed P69 N Apron Piling Cathodic Protection 3,923 3,923 0 3,923 Committed P69 Built Up Roof Replace 300 1,992 0 1,992 Committed Marine Maint Small Projects 525 525 0 525 Committed RE Fleet Replacement 506 2,403 2,577 4,980 Committed RE Preliminary Planning 250 1,250 1,250 2,500 Committed RE Technology Projects 250 1,250 1,250 2,500 Committed Unspecified Small Projects 0 215 2,450 2,665 BPP RE: Contingency Renew.&Replace 500 3,500 15,000 18,500 Total Other 6,254 15,058 22,527 37,585 TOTAL P69 AND OTHER PROJECTS 6,254 15,058 22,527 37,585 49 Corporate & CDD 2012 Capital Budget Commission Briefing September 27, 2011 50 50 5 Year Capital Budget - Corp & CDD (In Thousands) 2011 2012-2016 Estimate 2012 2013 2014 2015 2016 5 Yr Total Information & Communication (1) Technology 8,317 13,527 10,950 10,650 10,800 11,000 56,927 Corporate Small Capital and Fleet Replacement 300 522 327 566 784 584 2,783 CDD Small Capital and Fleet Replacement 523 426 1639 1107 1070 726 4,968 TOTAL CORPORATE CIP 9,140 14,475 12,916 12,323 12,654 12,310 64,678 (1) Includes committed and business plan prospective projects. 51 2012 Capital Projects - Corp & CDD Total Project Corporate and CDD Committed Projects: 2012 Budget Budget* Information and Communication Technology Infrastructure Small Capital $ 2,500 Business Applications Small Capital 2,000 Enterprise GIS Small Capital 250 PeopleSoft Financials Upgrade 2,700 $ 5,000 ID Badge System 2,200 2,300 Police Records Mgmt System Replacement 500 1,300 Project Delivery System 200 1,525 Maximo Enhancements and Upgrades 400 3,769 Maintenance Planning System 52 402 Property Mgt. System Upgrade (Propworks) 200 450 Technology Total 11,002 14,746 Other Corporate and CDD CDD Fleet Replacement $ 143 CDD Small Capital 283 Corporate Small Capital and Fleet Replacement 522 Other Total 948 - Corporate and CDD Total 11,950 14,746 * Excludes Small Capital Projects 52 Portwide 2012 Capital Budget Commission Briefing September 27, 2011 53 53 2012 Capital Budget Summary ($ in millions) Aviation Seaport Real Estate Corporate (1) Total Committed $270.0 $25.7 $10.9 $12.0 $318.6 Business Plan Prospective $75.0 $4.9 $3.6 $2.5 $86.0 Total $345.0 $30.6 $14.5 $14.5 $404.6 (1) Includes $0.4 million for CDD 54 54 2012 Capital Budget by Division Real Estate Division 3.4% Corporate & CDD Divisions Total Spending: $318,623 Seaport Division 3.8% 8.1% Aviation Division 84.8% * Not including $86.0M of Business Plan Prospective Projects. 55 5-Year Capital Plan by Division The 5-year capital plan from 2012-2016 is $1.5 billion Committed Projects: Aviation $444.3M Seaport $ 41.7M Real Estate * $ 21.3M Corporate & CDD $ 25.9M Total Committed Projects $533.3M Business Plan Prospective Projects: Aviation $645.3M Seaport $254.4M Real Estate* $ 32.7M Corp & CDD $ 38.8M Total Business Plan Prospective* $ 971.2M *The preliminary numbers may change pending outcome of tax Levy discussions 56 CIP History 2001 2011 Total Committed CIP (000's) 600,000 500,000 400,000 300,000 200,000 100,000 0 2011 2011 2001 Act 2002 Act 2003 Act 2004 Act 2005 Act 2006 Act 2007 Act 2008 Act 2009 Act 2010 Act Est/Act Bud Total Committed CIP 400,000 471,000 467,300 490,400 514,100 470,105 393,035 329,022 317,785 202,556 234,966 288,827 57 2012 Capital Budget Commission Briefing September 27, 2011 58 58
Limitations of Translatable Documents
PDF files are created with text and images are placed at an exact position on a page of a fixed size.
Web pages are fluid in nature, and the exact positioning of PDF text creates presentation problems.
PDFs that are full page graphics, or scanned pages are generally unable to be made accessible, In these cases, viewing whatever plain text could be extracted is the only alternative.