Seattle Mayor Willing To Bet Big On Biotech District

Mayor Nickels hopes $570 million in infrastructure in South Lake Union will create a biotech hotbed.

1 minute read

April 29, 2003, 9:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

Vulcan, the development company of Microsoft billionaire Paul Allen, wants to build a biotechnology campus in South Lake Union. The Mayor has instructed city departments to study the infrastructure needed to support the development, including an electrical substation, new road systems, and a streetcar line. The potential payoff: 20,000 high paying jobs and tax dollars for the struggling city... oh, and the chance to attract development back into the city and reduce sprawl.

Thanks to Adam Krom

FULL STORY: South Lake Union: Mayor sold on change as city tax, jobs winner

Monday, April 28, 2003 in The Seattle Times

Community / Economic Development Washington

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