8e. Presentation
Concourse C and A Termination Agreement
Item No.: ____8e_supp__ Date of Meeting: 10/24/2023 Concourse C and A Termination Agreement Jeffrey Wolf, Director Aviation Commercial Management Khalia Moore, Senior Manager Airport Dining and Retail Request for Approval • Executive Director execution Termination of ADR contracts associated with Concourse C Expansion and Concourse A Duty-Free Expansion. • Executive Director execution of one (1) new lease for space impacted by Concourse C Expansion. – TRA for the relocation of this tenant was approved by Commission on February 14, 2023. • Executive Director execution of two (2) new leases for spaces impacted by Concourse A Duty-Free Expansion. – Per the lease and concessions amendment, these locations are required to receive a replacement space for impact to operations. 2 Impacted Spaces At-A-Glance 3 Impacted Spaces At-A-Glance 4 Financial Implications • Concourse C: – Seattle Air Ventures JV (Hudson and Elliot Bay Books): $1,000,318 – Terminal Getaway Spa: $482,756 • Concourse A: – InMotion Entertainment: $211,155 – Stellar Bambuza SEA: $402,008 – Terminal Getaway Spa Seattle: $382,908 • Total: $2,479,145 5 Concourse C Expansion Employee Impacts • Hudson (Buyout): Most concessions employees will be retained at other operations throughout the airport. • Elliot Bay Books (Buyout): Most concessions employees will be retained at other operations throughout the airport. • Terminal Getaway (Buyout): Concessions employees will be retained at other operations throughout the airport. • Planewear (Relocation): Concessions employees will be retained at other operations throughout the airport. • Stonehouse Café (No Buyout-Fully Depreciated): Most concessions employees will be retained at other operations throughout the airport. 6 Concourse C Expansion Employee Impacts • Subway (Natural Expiration): Concessions employees will be retained at other concessions tenant operations throughout the airport. – Natural Contract Expiration of contract is 12/31/2023 • Beecher’s/Beecher’s Beer and Wine (Natural Expiration): Many concessions employees will be retained at other company operations offsite while others may choose to remain within the airport at other operations. – Natural Contract Expiration of contract is 12/31/2023 • Introductory Kiosks: – Natural expiration of current tenant operations is 12/31/2023. – Available locations will be replaced and doubled as a part of the CCE project. 7 Concourse A Duty-Free Impacts • Swarovski (Buyout): Concessions employees will be retained at other operations throughout the airport. • InMotion Entertainment (Buyout): Concessions employees will be retained at other operations throughout the airport. • Terminal Getaway Spa (Buyout): Concessions employees may be retained at other operations throughout the airport and will be placed in the Port Jobs Employee Pool. • Africa Lounge (New Space): Concessions employees will be retained at other operations throughout the airport. • Manchu Wok (New Space): Some concessions staff may enter the employee continuity pool while other staff will be retained for the operation of the new location. 8
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.