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City Council Votes to Let Local Developer Slide

SEATTLE-Should a local developer be allowed to apply unused, expired expansion credits to a new development at a different location? The Seattle City Council voted in favor of developer Richard Hedreen's request.

By Michelle Savage | Updated on June 26, 2002

SEATTLE –-The Seattle City Council has voted five to three in favor of awarding a local developer, Richard Hedreen, development credits, which remained from his Grand Hyatt Hotel, to build a new Denny Triangle development.

The City Council bent its rules in favor of the developer when it approved a proposal by Hedreen to exceed Seattle’s building size limit. The credits will allow Hedreen to increase the square footage of his new development, which may be located at Eighth Avenue and Olive Way.

When the Washington State Convention and Trade Center was designing its expansion plans, it sold the development rights for a 1,000-room hotel to fund its project. It also signed an agreement with the city, in which the center contributed funds for 44 affordable housing units in exchange for credits that allowed it to build a hotel that exceeded Seattle’s building size limits at Seventh Avenue and Pine Street.

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