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This Commission agenda memorandum requests authorization for the Executive Director to execute contracts and implement the 2025-2026 Economic Development Partnership Program with King County cities, with funding not to exceed $1,900,000. The document reviews 2024 program outcomes, including investments across small business assistance, buy local/placemaking, business attraction, tourism, and workforce development by 27 participating cities. The program, funded by the Port property tax levy, requires a 50% match from participating cities and has operated since 2016.

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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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