The plan, which was unanimously approved by the Seattle City Council in August, was devised with the help of a citizen's advisory committee that spent four years identifying land in neighborhoods throughout Seattle that could be acquired, expanded upon or improved to increase the city's green space.

Seattle City Council Member Nick Licata, who chairs the Culture, Arts and Parks committee, says the frenzy of development now underway in Seattle makes it critical that the city act immediately to preserve green space. "We have a huge obligation to purchase land now before the prices go up any more," notes Licata. "If we don't preserve open space in Seattle now, we won't have it in the future. It will all end up as condominiums, office space and baseball parks."

The greenery preservation plan, which would cost residents about 35 cents per $1,000 of assessed property value, focuses on neighborhood parks, green spaces, trails and the Woodland Park Zoo. Of $198.2 million designated for the project, $26 million would be earmarked for the purchase of land for parks, green belts and natural areas, another $102 million would be spent on the actual construction of parks, athletic fields, boulevards and trails, and nearly $22 million would go to improve the city's Woodland Park Zoo. The plan also earmarks $39.5 million for park maintenance, environmental programs, and extra after-school programs.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.