Property Acquisition Financial Feasibility Study

Notes

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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