The Port of Everett Commission has adopted an operating and capital budget of $ 89 million for 2022. The budget sets the financial framework for the port to continue to deliver on the vision of a balanced waterfront in Everett that supports maritime use in the urban deepwater port as well as mixed use on the destination waterfront.
The budget includes a one-year operating and capital budget and a five-year capital budget forecast with a three-year funding plan.
The Port’s 2022 budget and financing plan take into account the financial impacts resulting from the ongoing COVID-19 pandemic on the Port’s aerospace activities. It does so while positioning the port to seize important opportunities to support economic recovery and job creation, including continued investment in the main capital priorities of the Port Commission for Seaport Modernization and Expansion. and construction of Waterfront Place.
The plan includes 81 individual projects that advance the strategic initiatives of the port, with an emphasis on continued investment in the seaport to put the former Kimberly-Clark plant site back into job-creating use. with the development of a new ocean freight terminal, and fostering the creation of a new mixed-use waterfront community at Waterfront Place with the start of construction of new restaurant buildings as well as public infrastructure to support future phases .
It is also improving public access and environmental stewardship initiatives by completing the Blue Heron Slough Salmon Habitat Restoration Project and opening new waterfront trails in the new Baywood Business Park. These initiatives were established by the Harbor Commission and guide long-term funding, as well as the allocation of staff resources.
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