Urban Ports Angst and Opportunity CRE The Counselors of Real Estate Mid Year Meetings Tuesday May...
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Urban Ports Angst and Opportunity CRE The Counselors of Real Estate Mid Year Meetings Tuesday May 25, 2010 Seattle, WA Eric Hanson, Manager, Seaport Planning, Port of Seattle [email protected]
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Transcript of Urban Ports Angst and Opportunity CRE The Counselors of Real Estate Mid Year Meetings Tuesday May...
Urban PortsAngst and Opportunity
CRE The Counselors of Real EstateMid Year Meetings
Tuesday May 25, 2010Seattle, WA
Eric Hanson, Manager, Seaport Planning, Port of Seattle [email protected]
Agenda
• A smidge about Port governance structure• How do Ports think about themselves• Evolution of Port issues in urban settings• Areas of conflict • Areas of opportunity• The “take away”– What you may wish to consider when dealing with
Ports
Aviation Seaport Real Estate Capital Development
King County Voters Commissioners
CEO
There is no national structure for Port governance!
Port of Seattle Governance Structure
Many Different BusinessesMany Different Businesses
Third RunwayThird Runway
Container Terminals
Container Terminals
How the Port benefitsKing County citizens
How the Port benefitsKing County citizens
• 194,000 jobs
• $17.6 billion in business revenues
• $9.5 billion in income and spending
• $867 million in state and local taxes
• 194,000 jobs
• $17.6 billion in business revenues
• $9.5 billion in income and spending
• $867 million in state and local taxes
Traditional Measurement of Port Success
Questions?
Evolution of Port Issues
Alaskan Gold Rush
Seattle Today
Physical and Mental Shifts
The City matures and becomes more diverse
Maritime influence declines significantly
Efficiencies in cargo handling=
Reduction in the workforce
Registered “A” Longshoremen 1965 = 1,360
Registered “A” Longshoremen 2009 = 518
62% reduction in the workforce
Efficiencies in cargo handling=
Reduction in the workforce
Registered “A” Longshoremen 1965 = 1,360
Registered “A” Longshoremen 2009 = 518
62% reduction in the workforce
Negative Impacts
More Public Good
Stimulate local retail sales
Provide Public Access to the shoreline
Grade separate roads and rail
Go green in everything we do
20 Public Parks20 Public Parks
Habitat Restoration
Questions….
Downtown
Terminal 5 Terminal 18
Terminal 46
Terminal 91
Residential
Residential
IndustrialWarehousing
Stadiums and Commercial
Major Highways
Residential Residential
N
Areas of Conflict
RESIDENTIAL ?
Areas for OpportunityRe-developing the Old Harbor
Seattle, WA
Everett, WA
Bellingham, WA
The Take Aways
• Ports provide PHENOMANAL opportunities!• Respect areas where Industry is viable– It may not be pretty but it is essential
• Ports can be schizophrenic organizations– Balancing multiple goals is often a moving target– Be patient
• The land is almost always contaminated– Partner to create that needed public benefit
• Consider something REALLY GREEN
