Posts Tagged 'Local Improvement District'

Seattle’s Waterfront Local Improvement District (LID)

     On June 14th the Seattle City Council finalized the Special Assessments for property owners in the downtown area for the new Waterfront Local Improvement District (LID).  The $174,380,000 million dollars will pay a portion of the overall cost of $737,000,000 for;

  • Waterfront Promenade
  • Waterfront Overlook Walk
  • Pioneer Square Street Improvements
  • Union Street Pedestrian Connection
  • Pike/Pine Streetscape Improvements
  • Waterfront Park

     Every landowner of vacant lots, office buildings, hotels, commercial buildings, apartment buildings, condominium buildings, etc., has a new Special Assessment owed to the City of Seattle for these improvements.  The City Council’s reasoning is these property owners will be the beneficiaries of the $174,380,000 improvements.  CLICK HERE to see what the Special Assessments are for each building/property owner.

     Please help me understand what the great benefits are to;

  1. Youth Care (Homeless Shelter) at 1305 Denny Way for $3,134.
  • Catholic Seamans Club at 2330 1st Avenue for $6,661.
  • Edward P., Unit owner at the Pomeroy Condominiums for $2,085.
  • Mark H., Unit owner at the Florentine Condominiums for $3,851.

     In my opinion, the entire $737,000,000 should be paid for by Federal, State, County and City revenue.  Why is Youth Care paying for street improvements in Pioneer Square and the Pike/Pine Corridor?  Why are condo and business owners paying for the Waterfront Promenade?