The Port of Seattle approved its 2020 budget and five-year capital plan yesterday, making room for future development projects.
According to the port, the budget and capital improvement plan support regional economic and community priorities by investing in new developments.
The Port of Seattle held 14 public briefings and meetings on the budget, beginning in June 2019, including two community open houses in October.
As reported, capital projects, the infrastructure that supports the region’s economy, make up the largest share of the port’s budget.
The Capital Investment Plan (CIP), which amounts to $640 million for 2020 and $3.4 billion over the next five years, makes the trade and travel infrastructure that local industries and residents depend upon more efficient, sustainable, and durable for decades.
Maritime and economic development division budget highlights include: