WSDOT to Purchase Pier 48 from Port of Seattle

Property to be used for staging during Viaduct construction

The Port of Seattle has announced the pending sale of Pier 48, located adjacent to Colman Dock on the Alaskan Way waterfront, to the Washington State Department of Transportation. The Port Commission will consider the sale on June 10, 2008 at its regularly scheduled meeting.

“Pier 48 represents a valuable public asset, and I believe WSDOT will be able to use it to its fullest potential,” said Port CEO Tay Yoshitani. “I am pleased that through cooperation and negotiation, a key parcel of land will be used in a way that benefits a key freight mobility and safety project.”

Property to be sold includes the pier structure and submerged and upland properties. Sale price is $11 million.

WSDOT will use the Pier 48 uplands for construction staging and parking during replacement of the south end of the Alaskan Way Viaduct. In the future, WSDOT plans to use the Pier 48 property as part of improvements to operations of the Colman Dock ferry terminal.

“We appreciate working with the Port of Seattle to make this a viable opportunity. Securing Pier 48 for construction staging brings us one step closer to taking down the viaduct in the south end starting next year,” said Dave Dye, Deputy Secretary for WSDOT.