2025 08 12 RM Packet 242

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Port of Seattle

A financial slide (page 242 of 292, slide 37) presenting Sea-Tac Airport's Non-Aeronautical Net Operating Income (NOI) data comparing 2023 and 2024 actuals against 2025 forecast and budget figures. Key categories include Public Parking, Rental Cars, Ground Transportation, Airport Dining & Retail, and Other revenues, with a 2025 forecast Net Cash Flow of $139,283K versus a budget of $148,389K; a note states operating revenue was reduced by Federal Concessionaire Relief grants in 2023.

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A financial slide (page 242 of 292, slide 37) presenting Sea-Tac Airport’s Non-Aeronautical Net Operating Income (NOI) data comparing 2023 and 2024 actuals against 2025 forecast and budget figures. Key categories include Public Parking, Rental Cars, Ground Transportation, Airport Dining & Retail, and Other revenues, with a 2025 forecast Net Cash Flow of $139,283K versus a budget of $148,389K; a note states operating revenue was reduced by Federal Concessionaire Relief grants in 2023.

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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