Notes
Port Of Seattle press release dated November 19, 2024, announcing Commission adoption of the 2025 budget and 2025–2029 Capital Improvement Plan. Total operating revenues of $1.1 billion (9.4% above 2024 budget) and operating expenses of $678.3 million (9.9% above 2024 budget), with a five-year capital plan of $5.6 billion including $5B for airport capital projects and $600M for maritime work. Quotes from Executive Director Stephen Metruck, Commission President Hamdi Mohamed, Commission Vice President Toshiko Hasegawa, and Commissioners Ryan Calkins, Sam Cho, and Fred Felleman. Highlights include record passenger travel at Seattle-Tacoma International Airport (SEA) in 2024 (75th anniversary), record cruise terminal demand (25th Alaska season), South King County Community Impact Fund expanded to $14 million over five years, $550,000 for SEA employee childcare, cyberattack recovery investments, decarbonization and alternative fuels initiatives, and Maritime High School workforce commitments. Northwest Seaport Alliance (NWSA) revenues and 46,800 maritime-related jobs referenced.