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Property Acquisition Financial Feasibility Study

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Puget Sound Regional Council
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This 1997 Puget Sound Regional Council study examines the financial feasibility of acquiring and redeveloping properties negatively affected by major regional transportation facilities, including Sea-Tac International Airport, the Auburn Rail Yard, and a proposed Everett HOV facility. It evaluates potential funding mechanisms—such as a state-financed revolving fund or public/private partnerships—to convert noise-impacted land within the 65–75 DNL noise contours to compatible non-residential uses. The study covers roughly 100 acres across three case-study areas and was initiated under Regional Council Resolution A-96-02 adopted in July 1996.

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Puget Sound Regional Council (PSRC) Property Acquisition Financial Feasibility Study, July 1997, prepared pursuant to Resolution A-96-02 adopted July 11, 1996. Evaluates state-financed revolving fund and public/private financing mechanisms for acquisition and redevelopment of land with incompatible uses adjacent to regional transportation facilities. Case study areas cover approximately 100 acres near three facilities: Auburn Rail Yard (117 parcels), Sea-Tac International Airport (321 parcels, 65 DNL to 75 DNL noise contour), and proposed Everett 112th Street SE HOV Lanes and Park-and-Ride Facility (58 parcels). Addresses noise-compatible non-residential use conversion and long-term cost-revenue balance for mitigation funding mechanisms.

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