Septe3ber 22, 2016.

COMMISSION

AGENDA MEMORANDUM

Item No.

9b.

BRIEFING ITEM

Date of Meeting

January 30, 2018

DATE: January 12, 2018

TO: Dave Soike, Interim Executive Director

FROM: Michael Tong, Asst. Finance Director - Budget

SUBJECT: 2017 Airport Economic Impacts Study Briefing

EXECUTIVE SUMMARY

The purpose of this briefing is to discuss with the Commission the results of the 2017 Airport

Economic Impacts Study.

BACKGROUND

The 2017 Airport Economic Impacts study measures the economic impacts of the Airport in

terms of jobs, wages/salaries, business revenues and tax receipts. The report also includes a

separate impact analysis for each of the surrounding communities at the Airport.

Since 1987, the Port has undertaken a study of the economic impacts of the Seattle Harbor and

Seattle-Tacoma International Airport in approximate five-year intervals. Information from the

study provides defensible representations of the economic impacts associated with Port

activities and allows for informed policy discussion regarding the Port’s current and potential

future role in supporting the economic vitality of the region. The study and related computer

models are also used in internal planning and evaluation of capital projects, comparison of

business operations and assessment of alternative land uses. The last study was completed in

2014.

The Port advertised for consultants to conduct the 2017 Airport Economic Impacts study on

May 11, 2017 and proposals were received on May 22, 2017. Based on the consultants written

proposals, methods, assigned personnel, experience, and cost, the Port selected Community

Attributes Inc. for the study.

On January 18, 2018, the Port will share the results of the 2017 Airport economic impacts study

with our key stakeholders at State of the Port Breakfast.

On January 30, 2018, staff and the consultant will present the results of the 2017 Airport

economic impacts study to the Commission.