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March 2018
WELCOMEThis year Seattle City Council will consider whether to form a Local Improvement District (LID) for Waterfront Seattle
AT THIS MEETING, YOU CAN: Learn more about Waterfront Seattle
Understand the LID formation process and how you can be involved
Speak directly with City staff
Share your comments and questions
NEXT STEPS: Special benefit and estimated preliminary
assessments for each property available in April
Public hearings this summer on whether to form an LID
March 2018
WATERFRONT SEATTLE OVERVIEW
2017
2017
EARLY WORKSUtilities ahead of Alaskan Way Viaduct demolition
ALASKAN WAY VIADUCT DEMOLITION
PIER 62/63 REBUILD & HABITAT IMPROVEMENTS
2018
2018
2019
2019
2021
2021
2020
2020
2022
2022
2024
2024
2023
2023
CONSTRUCTION SCHEDULE
PIKE PLACE MARKETFRONT
Related projects
Waterfront Seattle
SEAWALL REBUILD
MAIN CORRIDORAlaskan Way, Elliott Way, Columbia St, Seneca St, Lenora St and Promenade
MARION STREET BRIDGEConstruction schedule is approximate
EAST/WEST CONNECTIONSBell St, Union St, Pioneer Square Street Improvements and Pike Pine Renaissance: Act One
OVERLOOK WALK
WATERFRONT PARK
NOTE: Construction dates subject to change pending: A. completion dates of new SR-99 tunnel and demolition of the Alaskan Way Viaduct; B. ongoing construction sequencing evaluation and assumptions for all projects
COLMAN DOCK REBUILD
New Alaskan Way open
AQUARIUM OCEAN PAVILION
Potential early work Potential completion
2017
2017
EARLY WORKSUtilities ahead of Alaskan Way Viaduct demolition
ALASKAN WAY VIADUCT DEMOLITION
PIER 62/63 REBUILD & HABITAT IMPROVEMENTS
2018
2018
2019
2019
2021
2021
2020
2020
2022
2022
2024
2024
2023
2023
CONSTRUCTION SCHEDULE
PIKE PLACE MARKETFRONT
Related projects
Waterfront Seattle
SEAWALL REBUILD
MAIN CORRIDORAlaskan Way, Elliott Way, Columbia St, Seneca St, Lenora St and Promenade
MARION STREET BRIDGEConstruction schedule is approximate
EAST/WEST CONNECTIONSBell St, Union St, Pioneer Square Street Improvements and Pike Pine Renaissance: Act One
OVERLOOK WALK
WATERFRONT PARK
NOTE: Construction dates subject to change pending: A. completion dates of new SR-99 tunnel and demolition of the Alaskan Way Viaduct; B. ongoing construction sequencing evaluation and assumptions for all projects
COLMAN DOCK REBUILD
New Alaskan Way open
AQUARIUM OCEAN PAVILION
Potential early work Potential completion
We are creating a Waterfront for All:
The vision for the Waterfront Seattle Program began in 2010 with a broad public engagement process
This community input led to the Concept Design and Strategic Plan, endorsed by the Mayor and City Council in 2012
The City of Seattle’s Office of the Waterfront leads design and engineering for the Program and construction began last year
Waterfront Seattle will provide 20 acres of new and improved parks and public spaces, including:
Overlook Walk, an elevated pathway connecting Pike Place Market to the waterfront
Pedestrian promenade from Pioneer Square to the Aquarium
New elevator and stairs at Union Street
Pedestrian improvements on Pike and Pine streets from First Ave to Capitol Hill
Improved sidewalks and public space in Pioneer Square
CONSTRUCTION SCHEDULE
WATERFRONT SEATTLE OVERVIEW
11 P
ROTECTED BIKE LANE E Thomas St
N
Alaskan Way S
1st A
ve S
Colo
rado
Ave
S
Utah
Ave
S
Occi
dent
al A
ve S
3rd
Ave
S
4th Ave S
5th
Ave
6th
Ave
8th
Ave
Airp
ort W
ay S
7th
Ave
S
S Holgate St
Edgar Martinez Dr S
S Royal Brougham Way
Walker St S
S Dearborn St
S Jackson St
S Yesler Way
S Lane St
S Weller St
S King St
S Main St
2nd
Ave
Ext S
S Washington St
4th Ave
3rd Ave
2nd Ave
1st Ave
5th Ave
7th Ave
9th Ave
6th
Ave
James St
Cherry St
Marion St
Madison St
Spring St
Seneca St
Broadway
Terry Ave
Boren A
ve
Minor A
ve
University St
Union St
Pike St
Pine St
Olive Way
Howell St
Stewart St
Virginia St
Lenora St
Blanchard St
Bell St
Battery St
Wall St
Vine St
Cedar St
Clay St
Broad St
Western A
ve
Alaskan Way
Elliott Ave
5th
Ave
N
2nd
Ave
N
John St
Thomas St
Boylston Ave
Mel
rose
Ave
Harvard Ave
Columbia St
Denny Way
5
5
Western Ave
WAT
ERFR
ON
T SE
ATTL
E P
RO
GR
AM
Dec
embe
r 20
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1”
= 50
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ark
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MADISON ST.
SPRING ST.
SENECA ST.
UNIVERSITY ST.
PINE ST.
PIKE ST.
VIRGINIA ST.
STEWART ST.
LENORA ST.
BLANCHARD ST.
BATTERY ST.
WES
TER
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Occ
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ark
Port
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Sout
h Tu
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Por
tal
Ope
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th L
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g(P
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ock
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uild
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nly
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rmin
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roje
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Seat
tle
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at W
heel
Pike
St.
Im
prov
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tsPi
ne S
t.
Impr
ovem
ents
Seat
tle
Aqu
ariu
m
Pike
St.
Hill
Cl
imb
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Pla
ce
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S
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PO
ST A
VE.
MARION ST.
MADISON ST.
SPRING ST.
SENECA ST.
UNIVERSITY ST.
PINE ST.
PIKE ST.
VIRGINIA ST.
STEWART ST.
LENORA ST.
BLANCHARD ST.
BATTERY ST.
WES
TER
N A
VE.
ELLI
OTT
AVE
ALAS
KAN
WAY
< EL
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AY T
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VE.
SEC
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VE.
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S. DEARBORN ST.
S. JACKSON ST.
FIRS
T AV
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.
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DEN
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AVE.
S.
LEG
END
WAT
ERFR
ON
T SE
ATTL
E PR
OG
RA
M
PAR
TNER
PR
OJEC
TS
AR
T W
OR
K
Seaw
all F
ace
Art
Laur
a H
adda
d
Pine St
Pike St
Pier 48
Occidental ParkPort of
Seattle
South Tunnel Portal
Century Link Field
Pier 55
Pier 54
Pier 56
Pier 57
SeattleGreat Wheel
Seattle Aquarium
Pike Place Market
Bell Harbor Marina
Colman Dock
14
15
13
16
32
1
5
N
8
12
6
11
10
4
7
9
17
15 PIER 62 REBUILD
2 A
LASKAN WAY
CONNECT
EXPLORE
13 OVERLOOK WALK
VIEW
8 PROMENADE
PLAY
6 SEAWALL
N
16 MARKETFRONT
E Thomas St
N
Alaska
n Way
S
1st Ave S
Colorado Ave S
Utah Ave S
Occidental Ave S
3rd Ave S
4th Ave S
5th Ave 6th Ave
8th Ave Airport Way S
7th Ave S
S Holgate St
Edgar Martinez Dr S
S Royal Brougham W
ay
Walker St S
S Dearborn St
S Jackson St
S Yesler Way
S Lane St
S Weller St
S King St
S Main St
2nd Ave Ext SS W
ashington St
4th Ave
3rd Ave
2nd Ave
1st Ave
5th Ave
7th Ave
9th Ave
6th Ave
James St
Cherry St
Marion St
Madison St
Spring St
Seneca St
Broadway
Terry Ave
Boren Ave
Minor Ave
University St
Union St
Pike St
Pine St
Olive W
ay
How
ell St
Stewart St
Virginia St
Lenora St
Blanchard St
Bell St
Battery St
Wall St
Vine St
Cedar St
Clay St
Broad St
Western Ave
Alaskan Way
Elliott Ave
5th Ave N
2nd Ave N
John St
Thomas St
Boylston Ave
Melrose Ave
Harvard Ave
Colum
bia St
Denny Way
5
5
Western Ave
WATERFRONT SEATTLE PROGRAMDecember 2017N
1” = 50’
50’50’ 25’ 0’
Pier 48
Occidental Park
Port of Seattle
South Tunnel Portal Operations Building
South Tunnel Portal
Century Link Field
North LotDevelopment
Metro Transit Stop
Terminal Building(Planned Project)
Colman Dock
Entry Building
Passenger Only Ferry Terminal(Planned Project)
SeattleGreat Wheel
Pike St. Improvements Pine St.
Improvements
Seattle Aquarium
Pike St. Hill Climb
Pike Place Market
Victor Steinbrueck Park
Battery StreetTunnel Portal-Future Park Site
Bell St. ParkExtension
Blanchard OpportunitySite
Bell St. BridgeBell Harbor Marina
Bell Harbor Conference Center
< PORT SIDE TRAIL >
ALASKAN WAY
WESTERN AVE.WESTERN AVE.
POST ALLEY
FIRST AVE.FIRST AVE.
2ND AVE. S
FIRST AVE.
POST AVE.
MA
RIO
N S
T.
MA
DIS
ON
ST.
SPR
ING
ST.
SEN
EC
A S
T.
UN
IVE
RSI
TY S
T.
PIN
E ST
.
PIK
E ST
.
VIRG
INIA ST.
STEWAR
T ST.
LENO
RA ST.
BLAN
CH
ARD
ST.
BATTER
Y ST.
WESTERN AVE.
ELLIOTT AVE
ALASKAN WAY
< ELLIOTT BAY TRAIL>
BNSF RAILROAD
WESTERN AVE.
FIRST AVE.
SECOND AVE.
PIKE PLACE
S. D
EARB
ORN
ST.
S. J
ACKS
ON S
T.
FIRST AVE. S.
OCCIDENTAL AVE. S.
LEGEND
WATERFRONT SEATTLE PROGRAM
PARTNER PROJECTS
ART WORK
Seawall Face ArtLaura Haddad
WATERFRONT SEATTLE PROGRAMDecember 2017N
1” = 50’
50’50’ 25’ 0’
Pier 48
Occidental Park
Port of Seattle
South Tunnel Portal Operations Building
South Tunnel Portal
Century Link Field
North LotDevelopment
Metro Transit Stop
Terminal Building(Planned Project)
Colman Dock
Entry Building
Passenger Only Ferry Terminal(Planned Project)
SeattleGreat Wheel
Pike St. Improvements Pine St.
Improvements
Seattle Aquarium
Pike St. Hill Climb
Pike Place Market
Victor Steinbrueck Park
Battery StreetTunnel Portal-Future Park Site
Bell St. ParkExtension
Blanchard OpportunitySite
Bell St. BridgeBell Harbor Marina
Bell Harbor Conference Center
< PORT SIDE TRAIL >
ALASKAN WAY
WESTERN AVE.WESTERN AVE.
POST ALLEY
FIRST AVE.FIRST AVE.
2ND AVE. S
FIRST AVE.
POST AVE.
MA
RIO
N S
T.
MA
DIS
ON
ST.
SPR
ING
ST.
SEN
EC
A S
T.
UN
IVE
RSI
TY S
T.
PIN
E ST
.
PIK
E ST
.
VIRG
INIA ST.
STEWAR
T ST.
LENO
RA ST.
BLAN
CH
ARD
ST.
BATTER
Y ST.
WESTERN AVE.
ELLIOTT AVE
ALASKAN WAY
< ELLIOTT BAY TRAIL>
BNSF RAILROAD
WESTERN AVE.
FIRST AVE.
SECOND AVE.
PIKE PLACE
S. D
EARB
ORN
ST.
S. J
ACKS
ON S
T.
FIRST AVE. S.
OCCIDENTAL AVE. S.
LEGEND
WATERFRONT SEATTLE PROGRAM
PARTNER PROJECTS
ART WORK
Seawall Face ArtLaura Haddad
Pine St
Pike St
Pier 48
Occidental Park
Port of Seattle
South Tunnel
Portal
Century Link Field
Pier 55
Pier 54
Pier 56
Pier 57
SeattleGreat
Wheel
Seattle Aquarium
Pike Place M
arket
Bell Harbor M
arina
Colman
Dock
14
15
13163
2
1
5N 8126
N
Waterfront Seattle Program Area Related Projects
1 Railroad Way 2 Alaskan Way + Elliott Way
3 Pioneer Square Streets
4 Columbia Street
5 Marion Street Pedestrian Bridge
6 Seawall
7 Seneca Street
8 Promenade
9 Union Street Elevator and Stairs
10 Waterfront Park
11 Protected Bike Lane
12 Seattle Aquarium expansion
13 Overlook Walk
14 Pike Pine Renaissance: Act One
15 Pier 62 Rebuild
16 Pike Place Market’s MarketFront
17 Bell Street Park Extension
March 2018
March 2018
FUNDING PLANSEATTLE’S WATERFRONT IS A MAJOR PUBLIC INVESTMENT, INCLUDING: State of Washington’s Alaskan Way Viaduct
Replacement Program: $3.2 billion
Elliott Bay Seawall Project: $400 million
Public utilities infrastructure: $202 million
Waterfront Seattle: $688 million, including proposed LID
WATERFRONT SEATTLE FUNDING
TOTAL = $688M
ESTIMATED PROJECT COST AND LID FUNDING SHAREPROGRAM ELEMENT TOTAL COST LID SHARE
Overlook Walk $100.15 M
60.48
Promenade $62.07 M
36.48
Waterfront Park $65.31 M
35.90
Pike/Pine $20.00 M
18.82
Pioneer Square $20.00 M
14.77
Union Street $13.14 M
8.71
Subtotal $280.67 M
175.15
Administration $8.27 M
8.27
Construction Contingency $30.71 M
13.65
1% for Art $4.91 M
1.92
Environmental Review and Permitting $3.75 M
1.00
Total $328.31 M
200.00
Total Waterfront Program Cost $688 M
Note: Total cost and individual project funding allocations based on current budget plan. May change due to budget and LID formation decisions as well as funding adjustments during construction.
March 2018
LID PROCESSThe Seattle City Council will consider whether to form this LID over the course of 2018, beginning later this spring. This process will include a series of steps, each with opportunities for property owners to give direct input on the proposed LID.
• Q4/Q1 Independent appraiser conducts parcel-by-parcel analysis
• Q4/Q1 City staff provide briefings and information sessions
• Q1 City staff continue outreach focused on project scope, cost and design updates
• Q1 Special benefit study complete
• April City shares special benefit and estimated preliminary assessments via LID website
• Q2 Council considers resolution of intent to form an LID
• Q3 Public invited to hearings on whether LID should be formed
• Q3 Property owners may submit written protests regarding the LID formation
• Q1 Council considers resolution beginning assessment roll process
• Q1/Q2 Property owners invited to hearings to contest individual assessment amounts if needed
• Property owners may elect to prepay assessment or finance over 20 years
• Q4 Council considers ordinance to form LID
• Q4 City considers written protests regarding the LID formation and property owners may file legal appeals
• Q2 Council considers ordinance confirming final assessment roll
• Q2 Property owners can appeal individual assessments
SPECIAL BENEFIT STUDY
LID FEASIBILITY STUDY
ASSESSMENT ROLLCOLLECTIONS BEGIN(timing TBD)
LID FORMATION
2018Q4 Q2 Q2Q3 Q3Q4 Q4MID-2017 2019 2020
1
2
43
HOW TO BE INVOLVED April 2018 - View your property’s special benefit and estimated
preliminary assessment at waterfrontseattle.org/LID
Summer 2018 - Comment at public hearings on whether the LID should be formed
• All property owners will receive a letter at least 15 days before the first hearing date
• Letters will include the property’s special benefit and preliminary assessment
• Property owners may submit written protests both during public hearings and via letter directly to the City
Fall 2018 - Council meetings where LID formation will be discussed
• If Council forms the LID, City considers written protests• If Council forms the LID and protest threshold is not met,
property owners may file a legal appeal with King County Superior Court
2019 - Public hearings where property owners may
contest individual assessments
Learn more, ask questions or comment anytime at waterfrontseattle.org/LID
March 2018
SPECIAL BENEFIT STUDY AREA
Alaskan W
ay S
1st Ave S
Colorado Ave S
Utah Ave S
3rd Ave S4th Ave S
5th Ave
6th Ave
8th Ave
Airport W
ay S
7th Ave S
S Holgate St
Edgar Martinez Dr S
S Massachusetts St
S Royal Brougham Way
S Dearborn St
S Jackson St
S Yesler Way
S Lane St
S King St
S Main St
S Washington St
4th Ave
3rd Ave
2nd Ave
1st Ave
5th Ave 7th Ave
9th Ave
6th Ave
James StCherry St
Marion StMadison St
Spring St
Seneca St
Broadw
ay
Terry Ave
9th Ave 8th Ave 7th Ave
Boren Ave M
inor Ave
University StUnion St
Pike StWashington
State Convention
Center
Pine St
Olive Way
Howel
l St
Stewar
t St
Virgin
ia St
Lenor
a St
Blanc
hard
St
Bell S
tBatte
ry S
t
Wal
l St
Vine S
t
Cedar
St
Clay S
t
Broad
St
Western Ave
Alaskan Way
Elliott Ave
5th Ave N
2nd Ave N
John St
Thomas StB
oylston Ave
Harvard Ave
Columbia St
Denny Way
5
Melrose A
ve
Occidental Ave S
Pike Place
Market
MarketFront
Waterfront Seattle Program
Special benefit study area boundary (fall 2017)
Funded by Washington State Convention Center public benefit
N
BELLTOWN
RETAIL CORE
WEST EDGE
PIONEER SQUARE
STADIUMS
March 2018
March 2018
WHAT IS SPECIAL BENEFIT?Special benefit = increase in a property’s fair market value resulting from a set of public improvements (in this case Waterfront Seattle)
SPECIAL BENEFIT STUDY Parcel-by-parcel analysis of special benefit
Only considers benefits directly attributable to Waterfront Seattle
Independent appraiser results will be available in April
Considers benefits from park improvements, not basic roads/infrastructure
Does not consider property value increases caused by general Seattle real estate market
Does not consider real estate value of Alaskan Way Viaduct demolition, Seawall Project, etc.
EXISTINGPROPERTYVALUE
APPRECIATION
WAT E R F R O N T I M P R O V E M E N T
OTHER IMPROVEMENTSVIADUCT REMOVAL, ALASKAN WAYREPLACEMENT, SEAWALL
WATERFRONT FUNDING
LID A
SS
ESS
MEN
T
SPECIAL BENEFITFROM WATERFRONT IMPROVEMENTSPUBLIC OPEN SPACE & AMENITIES,IMPROVED STREETS, SUPPORTED LOCAL RETAIL
LID ASSESSMENT
OTHER FUNDING
March 2018
HOW ARE LID ASSESSMENTS CALCULATED?
SAMPLE CALCULATIONThe example below illustrates how a preliminary LID assessment would be calculated for a condominium with the approximate average current Seattle home price of $720,000.
An LID assessment is the portion of each property’s special benefit that the City collects to pay for the improvements. City will recommend an initial
assessment ratio for discussion
Assessment ratio must be uniform across all property types and uses
LID assessment for an individual property cannot exceed that property’s total special benefit
Historically, LID assessments for other projects have been 50-70% of the property’s special benefit
Seattle City Council would confirm the final assessment percentage in fall 2018
• This example assumes special benefit of 5% of the property’s fair market value
• Feasibility study suggested average special benefit of 2-5% of current value, with some exceptions that may be higher
• This is only an example
Parcel ID
Fair market value
before
Special benefit amount
Assessment percentage
Preliminary LID
assessment amount
Estimated annual payment (over 20 years,
includes interest)
ABC-DEF-123546 $720,000 $36,000 50% $36,000 x 50%
= $18,000 $1,375
March 2018
SAFE AND ACTIVE PUBLIC SPACES
Partnership between City and Friends of Waterfront Seattle to deliver a package of enhanced operations and maintenance:
• Activities and events year round
• Dedicated and specialized maintenance team
• Managed spaces with full time concierge staff and private security
• Additional concession and retail offerings
Dedicated annual City budget of $3.5 million, private fundraising $1-$2 million
Transparency and accountability to ensure the waterfront is a democratic and inclusive space Photo: Trevor Dykstra