2003 Port C Cost INC

TO: M. R. Dinsmore, Chief Executive Officer FROM: David Soike, Director, Capital Improvement Program John Rothnie, Program Leader, Third Runway SUBJECT: Third Runway Project Budget Update BUSINESS STRATEGIES for 2003-2007 The Third Runway project supports two of the Port of Seattle’s Business Strategies in that it both helps to first, Ensure Airport and Seaport Vitality and second, Develops New Economic Opportunities for the Region and the Port by reducing congestion during poor weather operations that will enable airlines to operate safely and efficiently thereby reducing costs for their travelers. BACKGROUND It has been four years since the budget for the Third Runway Project was last presented to the Port of Seattle Commission. During those four years, progress has been made in construction despite delays that have impacted the project allowing only five million cubic yards of fill material to be imported out of a projected 17.5 million cubic yards required to construct the third runway embankment. In addition, nearly 500 properties have been acquired and Taxiway “C” has been constructed. The umbrella federal permit governing the remainder of the work has been issued (three years later than anticipated), including key state environmental approvals within that federal permit. However, the environmental permitting processes have taken much longer than expected, and environmental requirements have increased dramatically. There have been subsequent appeals and litigation regarding the environmental permits. Certain aspects of the environmental permit requirements were more stringent than on earlier projects, and the testing methods to identify acceptable fill material were not…

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Add to CalendarMWednesday Mar 11, 9:00am - 11:35am
1904 3rd Avenue, Suite 105, Seattle, WA 98101
Call to order – Roll Call – Quorum Established – Land Acknowledgement We would like to acknowledge that our Agency operates in four present-day counties, which are the traditional lands of the Coast Salish people, past and present. This acknowledgement does not take the place of authentic relationships with indigenous communities in our jurisdiction and [...]