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The Port's substantial marine-related investments coupled with technological and other marketplace changes have created greater flexibility in how the Port could use its properties while maintaining the commitment to traditional marine uses. For example, the high-capacity container Terminals 5 and 18 are handling record-breaking volumes of seaborne containerized cargo that have freed up acreage on the landside of Terminal 91 for other potential uses.
The Real Estate Division's mission is to improve the use of selected Port assets to promote regional economic vitality and job creation, generate new revenue for the Port and enhance the built and natural environment.
The Real Estate Group is focusing specifically on:
The Eastside Rail Corridor consists of a 42 mile rail corridor stretching from the city of Renton to the city of Snohomish, with an eight mile rail spur running between the cities of Woodinville and Redmond.
This once-in-a-lifetime investment preserves a valuable transportation asset for the region, maintains current freight rail service, and secures the corridor for potential future freight rail use supporting the region’s economy.