$290 million levy for Seattle waterfront seawall

The Seattle City Council votes next week whether to put a $290 million levy on the Nov. 6 ballot to pay for a new seawall along Elliott Bay.

A council committee recommended the move Monday in favor of the 30-year bond.

The Seattle Daily Journal of Commerce reports (http://is.gd/YBrumz) the seawall is needed to support a new surface road after the Alaskan Way Viaduct is removed.

If the levy passes, the owner of a $360,000 home would pay $59 a year.