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Art Museum Negotiates $3.56 Mil Deal to Create Sculpture Park

SEATTLE-The Seattle Art Museum has until March to raise the money necessary to buy the last piece of the would-be park, 7.5-acres just north of Downtown that also is being eyed for 13-story condominium.

By Ingrid Ricks | Updated on November 03, 2000

SEATTLE-After nine months of intense negotiations, the Seattle Art Museum has reached an agreement to acquire one-third of an acre in Belltown for the creation of Olympic Sculpture Park. SAM has until March to come up with the $3.56 million purchase price for the property, which is also being eyed for a 13-story condominium development.

Owned by Lamar Inc. and Fortune Group, the property at 10 Broad St. currently holds R.C. Billiards. The land is adjacent to 7.3 acres SAM purchased from Unocal for $17 million in December 1999, and is important to the development of Sculpture Park, according to Chris Rogers, director of capital projects for SAM. “It’s a really critical juncture between the park and the waterfront,” notes Rogers. “If it had been developed, it would have limited us from creating safe access between the new park and the waterfront. The building would have also shaded the park and obstructed views.”

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