Fundraising effort for new downtown Seattle waterfront reaches $ 84 million in private donations

An effort to raise private funds for downtown Seattle waterfront redevelopment with a new park promenade and other public spaces topped $ 80 million, according to the nonprofit group in charge of the campaign.

The Friends of the Seattle Waterfront held a press conference Thursday with outgoing mayor Jenny Durkan and incoming mayor-elect Bruce Harrell to tout a $ 5 million donation to the Amazon effort.

Including this contribution, the campaign raised $ 84 million, said Nicole Dansereau, spokesperson for Friends of the Waterfront Seattle.

Friends of the Waterfront Seattle is expected to raise $ 110 million for waterfront redevelopment, says an agreement with the city. Legislation adopted by the municipal council in 2019 included a payment schedule with a deadline of December 2024; the schedule has since been revised, with the deadline extended by a year, Dansereau said.

The association is also trying to raise $ 90 million to support programs, security, social services and operations along the waterfront, Dansereau said.

“We highlight Amazon’s initial contribution to the project, as the company’s leadership is critical to the success of this ambitious campaign,” Dansereau said in an email about the focus on the thousand company. billions of dollars.

The Seattle waterfront multi-project redevelopment plan was made possible in part by the removal in 2019 of the Alaskan Way Viaduct. In addition to the boardwalk, projects include a new Alaskan Way, a new Pier 62 park, a new Seattle Aquarium pavilion, and a new pedestrian connection to Pike Place Market.

The total plan budget is over $ 750 million, including funds that Friends of the Waterfront Seattle raises, as well as city funds, state funds, and $ 160 million from a special downtown landowner tax.