PORT OF SEATTLE
MEMORANDUM
Item No.

7a

Date of Meeting

March 1, 2011

COMMISSION AGENDA

DATE:

February 15, 2011

TO:

Tay Yoshitani, Chief Executive Officer

FROM:

Joe McWilliams

SUBJECT:

Management of Real Estate Portfolio - Briefing

BACKROUND:
Staff will provide continuing discussion regarding the management of the Real Estate
Division's portfolio and will commence a discussion of the relative merits and
implications of selling vs. holding certain assets. The discussion will continue on the
themes of the earlier presentations that were spawned by the Century Agenda process and
will provide foundation for discussions regarding the recently completed audit by the
State Auditor's Office.
Previous discussions were held during the following Commission meetings:
 Inventory & Assessment of Real Estate Portfolio
April 6, 2010
 2011 Budget - Real Estate Business & Capital Plans
August 17, 2010