February 13, 2024August 9, 2026

Port Of Seattle Commission Agenda Memorandum: Review of Economic Development Partnership Program and 2024 Authorization Request

Notes

Memo from David McFadden and Annie Tran to Executive Director Stephen Metruck requesting Commission authorization for the 2024 Economic Development Partnership (EDP) program with King County cities, not to exceed $900,000. The EDP program, funded by the Port property tax levy, provides $5,000–$60,000 grants (with 50% match requirement) to King County cities for economic development projects including small business assistance, buy local/placemaking, tourism, workforce development, and planning. Reviews 2022–2023 results across 27 cities totaling $1,415,287 in Port awards and $1,677,915 in city matching funds. Detailed city project descriptions include Auburn, Bellevue, Black Diamond, Bothell, Burien, Carnation, Covington, and regional partnerships such as Startup425. Document references the Port of Seattle Commission meeting of February 13, 2024 at Pier 69.

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As the source for federal transportation grants, the Puget Sound Regional Council was charged with developing a system to meet the growing need for commercial aviation. When the search for a second airport failed, they authorized the Port of Seattle to build the Third Runway, with a mandate to develop a noise abatement and mitigation program. In their effort to stop the Third Runway, the ACC argued over every detail of the Port's efforts--including property buyouts and sound insulation. The dispute was meant to be settled by a three member Expert Arbitration Panel. This is their final report. It finds 2-1, that the Port's program was insufficient in several respects. Despite that, funding for the Third Runway was approved by the PSRC, and the 'Port Package' program, proceeded largely unchanged. Expert Arbitration Panel's final decision finding that the Port of Seattle had not shown sufficient reduction in real on-the-ground noise impacts to satisfy noise reduction conditions required for approval of a third runway at Sea-Tac International Airport. The majority decision concluded the Port's noise abatement programs were insufficient despite being impressive in scope.

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