Attend a Special Meeting on October 13th - Seattle Waterfront Local Improvement District

Article contributed by Catherine Stanford, CA Stanford Consulting.

The BOMA DSA Coalition will be meeting with the Seattle Office of the Waterfront (OTW) on Friday October 13th from 3:30PM-5:00PM. Location: One Union Square Conference Room - 600 University Street, Seattle WA 98101.

BOMA has been actively engaged in the City’s plan to assess downtown property owners through a local Improvement district (LID) to pay for approximately $200 million of waterfront improvements.

The OTW’s appraiser has completed the feasibility study and it can be accessed here. The estimated special benefits range is $300M to $420M. The proposed timeline for the formation of the LID is quickly approaching. In April of 2018, the Council will determine the legislative process which includes intent to form resolution. 

We encourage all downtown property owners and managers to attend. You will learn more about the project including specific timeline, value of assessments and plans for long term maintenance.

Please contact Catherine Stanford at catherine@castanford.com, or 206-852-8228 for additional information.