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Economic Development District Board
NEST Study: A Study of Development Properties Around Seattle-Tacoma International Airport In 2003, the Cities of Burien, Des Moines and SeaTac, the Port of Seattle (operator of Seattle-Tacoma International Airport) and the Puget Sound Economic Development District created the New Economic Strategy Triangle Partnership (NEST). The partnership was formed to explore the potential for economic growth in South King County communities surrounding Seattle-Tacoma International Airport. The study was funded by a $96,900 grant (#07-69-05316) from the U.S. Economic Development Administration. The Cities and the Port provided matching resources. The study identified eight underutilized properties located near the Airport to investigate for future development. In a year-long effort, the NEST partners and consultants worked collaboratively to identify the benefits, opportunities and constraints associated with development. This work included analyzing market conditions, development constraints, the sufficiency of existing infrastructure, vehicle access issues, size and placement of buildings, financial feasibility for development, uses most appropriate for the properties, and job creation estimates.
Based on this work, preliminary development plans and pro forma analyses were prepared for each
of the NEST properties considered feasible for future development. The plans are conceptual in
nature and represent a single development scenario for each property. The purpose is to provide an
indication of the relative development needs and associated development potential for each property.
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