City’s Sale of Pacific Place Parking Garage Doesn’t Pencil Out, Says Burgess

Michael van Baker — Thu, 11 Apr 2013 18:39:12 +0000

Burgess admits that a belated discovery means it's not so simple for city to get out from under Pacific Place: "For various reasons, our garage debt cannot be paid off directly — or 'called' in the language of the bond market — until late in 2017. That leaves us paying the bonds' 5 percent interest rate in the meantime."

How 520’s Toll Revenue Differs from WSDOT’s 2011 Projections

Michael van Baker — Fri, 28 Dec 2012 18:54:04 +0000

Back of the envelope calculations would seem to show that toll revenue has exceeded expectations by more than that $3 million, certainly, but WSDOT says "right on target." If you take them at their word, this would indicate that the tolls in themselves, despite the increase in price and late-payment windfall, are lagging.

The SunBreak » revenue

City’s Sale of Pacific Place Parking Garage Doesn’t Pencil Out, Says Burgess

How 520’s Toll Revenue Differs from WSDOT’s 2011 Projections