Oct. 13, 2006
King County's sale of Pioneer Square building to benefit youth sports facilities countywide
Johnson Building sale means funds for youth sports fields, new homes in city
Converting a vacant, turn-of-the-century Pioneer Square building
into new homes will not only boost commerce in downtown Seattle, but it
will also mean more youth throughout King County will have places to
play.
King County Executive Ron Sims and Metropolitan King
County Council Chair Larry Phillips today hailed the successful sale of
the county-owned Johnson Building, with the proceeds of the $2.2 milliontransaction going to the permanent endowment for the county's Youth Sports Facilities Grant fund (YSFG).
"Helping to revitalize a neighborhood and providing sports facilities
for our children is a great was to strengthen the fabric of our
community," said Sims. "This sale will create an endowment which we can
use to keep investing in the future of our children."
"The
sale of the Johnson Building will create a permanent endowment, adding
more than $100,000 annually to funds available for building and
renovating ball fields, playgrounds, and sports facilities for children
in neighborhoods throughout King County," said Phillips.
The
Johnson Plumbing and Hardware Building is located at 590 First Ave.,
between Railroad Way South and Occidental Avenue South. King County
acquired the building for $950,000 in 1980 as part of the Kingdome
development and was used primarily as a warehouse and storage facility.
The building was sold to a partnership of Historic Seattle and
Nitze-Stagen and will provide an additional 68 ownership units, 12 of
which will be affordable. New retail space will also be developed.
Phillips sponsored a proviso in the 1998 budget which put aside any
proceeds from the future sale of the Johnson Building to become part of
a permanent endowment within the Youth Sports Facility Grant Fund. On
October 16, the council will consider Proposed Motion 2006-0331, which
will reconfirm the decision to use Johnson Building sale proceeds on
the endowment.
"The Kingdome benefited families throughout
King County, regardless of their income level," said Phillips. "So when
voters approved construction of a new football stadium in 1997, I
thought it was important that proceeds from the sale of the Johnson
Building—which was part of the Kingdome property holdings—be used to
benefit families throughout King County. The Youth Sports Facility
Grant program does just that by helping enhance places for kids to play
and breathe new life into well-loved facilities."
The YSFG
program is funded and sustained through a quarter of one percent of car
rental taxes. Organizations must match the grant money. By ordinance,
the program is funded from a dedicated revenue source (car rental
taxes) that cannot be used for parks maintenance and operations.
"Kids benefit from youth sports facilities throughout King County -
from a skate park in Carnation, to a new Boys and Girls Club gymnasium
in Federal Way," said King County Parks Director Kevin Brown.
The program has awarded more than $8 million in grants and contributed
to nearly 220 new or renovated athletic facilities since 1993. More
information on the YSFG program is available at www.metrokc.gov/Parks/YSFG.