This slide presents the AV (Aviation) Capital 2025 Spend Forecast in thousands of dollars, breaking down 2024 actuals, Plan of Finance (POF) as of Q2 2024, Budget 2025 as of Q4 2024, and 5-Year totals across categories including Mega, Business Need, Renewal & Replacement, Regulatory, SAMP Design, and Noise projects. The Grand Total shows a 2024 actual of $683,833K, a POF 2025 forecast of $1,036,989K, a Budget 2025 of $816,331K, and a 5-Year total of $4,328,951K; it appears on page 301 of 373 of a Port document.

Notes

This slide presents the AV (Aviation) Capital 2025 Spend Forecast in thousands of dollars, breaking down 2024 actuals, Plan of Finance (POF) as of Q2 2024, Budget 2025 as of Q4 2024, and 5-Year totals across categories including Mega, Business Need, Renewal & Replacement, Regulatory, SAMP Design, and Noise projects. The Grand Total shows a 2024 actual of $683,833K, a POF 2025 forecast of $1,036,989K, a Budget 2025 of $816,331K, and a 5-Year total of $4,328,951K; it appears on page 301 of 373 of a Port document.

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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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