Pacific Tower http://kplu.org en Pacific Tower Expected To Fill With Tenants; Long-Term Funding An Issue http://kplu.org/post/pacific-tower-expected-fill-tenants-long-term-funding-issue <p><iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/151634044&amp;color=ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_artwork=true" width="100%"></iframe></p><p style="margin-bottom: 15px; padding: 0px; border: 0px; font-size: 15.199999809265137px; vertical-align: baseline; color: rgb(51, 51, 51); font-family: Georgia, Times, serif; line-height: 22px;"><span style="font-size: 15.199999809265137px;">After a slow start, the state of Washington says it’s on track to fill the former headquarters of Amazon.com with tenants. But long-term costs remain a concern.</span></p><p> Thu, 29 May 2014 12:00:00 +0000 Austin Jenkins 16839 at http://kplu.org Pacific Tower Expected To Fill With Tenants; Long-Term Funding An Issue State's Past Real Estate Pick Proved Money-Loser http://kplu.org/post/states-past-real-estate-pick-proved-money-loser <p><span style="line-height: 1.5;">The state of Washington is expected to sign a 30-year lease Tuesday for Seattle’s iconic Pacific Tower, or the so-called </span>PacMed<span style="line-height: 1.5;"> building, on Beacon Hill. The idea is to turn the former headquarters of Amazon.com into a hub for health care innovation and training.&nbsp;</span></p><p>The plan is reminiscent of another big real estate decision the state made nearly 20 years ago—one that’s proven costly.</p><p> Tue, 12 Nov 2013 13:01:00 +0000 Austin Jenkins 10986 at http://kplu.org State's Past Real Estate Pick Proved Money-Loser Deal or Debacle? Terms of PacMed Building Lease Raise Questions http://kplu.org/post/deal-or-debacle-terms-pacmed-building-lease-raise-questions <p></p><p><span style="line-height: 1.5;">The state of Washington is about to make a major real estate decision on a Seattle landmark that supporters say will transform health care training for the next generation.</span></p><p>The proposed lease of Seattle’s Pacific Tower, or the PacMed building as it's sometimes called, has been called “a nightmare.”</p><p>Powerful interests, including Washington’s Speaker of the House, want to turn the former Amazon headquarters into a training center for future health care workers and a hub for nonprofit groups. But internal state agency documents raise serious questions about the terms and cost of the deal.</p><p> Thu, 31 Oct 2013 17:12:53 +0000 Austin Jenkins 10742 at http://kplu.org Deal or Debacle? Terms of PacMed Building Lease Raise Questions Former Amazon Building Lease Could Cost $270M over 30 Years http://kplu.org/post/former-amazon-building-lease-could-cost-270m-over-30-years <p>More than $270 million over 30 years. That’s how much it could cost the state of Washington to lease and operate the former headquarters of Amazon.com.</p><p>Earlier this year, state lawmakers voted to turn the building into a new training center for future health care workers. The preliminary cost estimate is contained in documents released as part of a public records request.</p><p> Fri, 27 Sep 2013 00:29:21 +0000 Austin Jenkins 10162 at http://kplu.org Former Amazon Building Lease Could Cost $270M over 30 Years