The Commons Memorandum Budgeting)

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This report has been provided by Randy Cannon, MPA of http://www.randycannon... Randy Cannon is a Policy Advocate who provides Professional Lobbyi... (More) This report has been provided by Randy Cannon, MPA of http://www.randycannon... Randy Cannon is a Policy Advocate who provides Professional Lobbying Services.
Seattle journalist, John Hinterberger, created a vision for a central park, The Commons, to be erected within the South Lake Union section of the city. His vision has gained many supporters and started a movement to create the 60 acre park, develop street improvements, and preserve 600 unsubsidized units for low to moderate income housing. This committee has organized to develop a work plan for The Commons and has met to discuss selecting various sources to finance the $218 million project and to develop strategies to gain political approval of a financial plan. This memo recommends using Non-Voted Debt, a Local Improvement District, Federal Transportation Funds, County Grants, State Grants, and Private Donations to finance the cost of developing The Commons. In addition, this memo advises establishing an interim Environmental Impact Statement to educate the mayor, potential investors, and public stakeholders during the campaign so public questions and requests may be raised and addressed. Furthermore, this memo suggests developing an exhaustive Environmental Impact Statement to present to the City Council after they have finished their term elections.
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