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.

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             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

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       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.
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       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.
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          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.
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