Port Updates $1.5B Construction Plan to Boost Economic Recovery from COVID-19
The Port of Seattle Commission updated its 2020 construction plans to boost local COVID-19 economic recovery through project spending and hiring, while enacting public health protocols developed with guidance from state and federal agencies. The plan takes into account economic changes brought on by the COVID-19 outbreak.
The updated plan encompasses a commitment to about 20 projects currently under construction, worth roughly $1.5 billion to the local economy. The Port also proposes accelerating and postponing certain projects based on financial considerations. One of the larger projects being postponed is the $200-million cruise ship facility at Terminal 46.
Port of Seattle Commission President Peter Steinbrueck says, “As one of the largest public sector builders in the region, the Port is uniquely positioned to help lead the region’s recovery. Our goal is to help keep construction workers employed by providing certainty to large public works construction projects, accelerating some projects where feasible, and by supporting our private sector partners.”
A full list of projects currently under consideration for postponement can be found here.
For comments, questions or concerns, please contact Dennis Kaiser