real estate

Real Estate
7:33 am
Tue November 12, 2013

Terms And Cost Of Pacific Tower Lease Raise Questions

Pacific Tower is a 14-story former public hospital that the state plans to lease for 30 years for a health college and center for non-profits.
Credit Austin Jenkins

The state of Washington is about to make a major real estate decision that supporters say will transform healthcare training for the next generation. The deal has also been called “a nightmare.” We’re talking about a proposed lease of Seattle’s Pacific Tower - former headquarters of Amazon dot com. Powerful interests – including Washington’s Speaker of the House – want to turn the Seattle  landmark into a training center for future health care workers and a hub for non-profits. But internal state agency documents raise serious questions about the terms and cost of the deal.

Read more