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Urban Ports Angst and Opportunity

Urban Ports Angst and Opportunity. CRE The Counselors of Real Estate Mid Year Meetings Tuesday May 25, 2010 Seattle, WA. Eric Hanson, Manager, Seaport Planning, Port of Seattle hanson.e@portseattle.org. Agenda. A smidge about Port governance structure

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Urban Ports Angst and Opportunity

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  1. Urban PortsAngst and Opportunity CRE The Counselors of Real Estate Mid Year Meetings Tuesday May 25, 2010 Seattle, WA Eric Hanson, Manager, Seaport Planning, Port of Seattle hanson.e@portseattle.org

  2. Agenda • A smidge about Port governance structure • How do Ports think about themselves • Evolution of Port issues in urban settings • Areas of conflict • Areas of opportunity • The “take away” • What you may wish to consider when dealing with Ports

  3. There is no national structure for Port governance! Port of Seattle Governance Structure King County Voters Commissioners CEO Aviation Seaport Real Estate Capital Development

  4. Many Different Businesses

  5. Third Runway Container Terminals

  6. How the Port benefitsKing County citizens Traditional Measurement of Port Success • 194,000 jobs • $17.6 billion in business revenues • $9.5 billion in income and spending • $867 million in state and local taxes

  7. Questions?

  8. Evolution of Port Issues

  9. Alaskan Gold Rush

  10. Seattle Today Physical and Mental Shifts The City matures and becomes more diverse Maritime influence declines significantly

  11. Efficiencies in cargo handling=Reduction in the workforce Registered “A” Longshoremen 1965 = 1,360 Registered “A” Longshoremen 2009 = 518 62% reduction in the workforce

  12. Efficiencies in cargo handling=Reduction in the workforce Registered “A” Longshoremen 1965 = 1,360 Registered “A” Longshoremen 2009 = 518 62% reduction in the workforce

  13. Negative Impacts

  14. More Public Good Habitat Restoration Grade separate roads and rail Stimulate local retail sales Go green in everything we do Provide Public Access to the shoreline 20 Public Parks

  15. Questions….

  16. Areas of Conflict Terminal 91 Downtown Terminal 46 Terminal 5 Terminal 18 Residential Residential Stadiums and Commercial N Industrial Warehousing Residential Residential Major Highways

  17. RESIDENTIAL ?

  18. Areas for OpportunityRe-developing the Old Harbor Seattle, WA

  19. Everett, WA

  20. Bellingham, WA

  21. The Take Aways • Ports provide PHENOMANAL opportunities! • Respect areas where Industry is viable • It may not be pretty but it is essential • Ports can be schizophrenic organizations • Balancing multiple goals is often a moving target • Be patient • The land is almost always contaminated • Partner to create that needed public benefit • Consider something REALLY GREEN

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