This is a once-in-a-generation civic opportunity. The Arch building — 435,000
square feet at Pike & 8th, seven blocks from Pike Place Market and four blocks
from Westlake Station — could be acquired at a price the city can finance. The
PFD needs to sell; the question is whether the city is at the table. The annual
cost of GO bond service (~$9M/year at $150M) is less than many Seattle Center
venues. In return: the missing civic anchor between Capitol Hill, Pike Place,
and the waterfront. The political window is narrow. January 2, 2027 is when
the Aramark contract expires and the restructuring becomes cleanest. That's
the hinge.
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I want to analyze this proposal from the perspective of Mayor of Seattle.
There's a civic proposal to convert the WSCC Arch building at 7th & Pike into a year-round public commons operated by Seattle Center.
The case being made to Mayor of Seattle: This is a once-in-a-generation civic opportunity. The Arch building — 435,000
square feet at Pike & 8th, seven blocks from Pike Place Market and four blocks
from Westlake Station — could be acquired at a price the city can finance. The
PFD needs to sell; the question is whether the city is at the table. The annual
cost of GO bond service (~$9M/year at $150M) is less than many Seattle Center
venues. In return: the missing civic anchor between Capitol Hill, Pike Place,
and the waterfront. The political window is narrow. January 2, 2027 is when
the Aramark contract expires and the restructuring becomes cleanest. That's
the hinge.
The full proposal: https://commons.conventioncityseattle.com
What are the strongest arguments for and against, from Mayor of Seattle's perspective?