On behalf of the Washington State Department of Commerce, in May 2018 EDH completed an independent review of the build-out and operating feasibility of a $1.7 billion planned expansion of the Washington State Convention Center - located in downtown Seattle. Described as "one of the largest capital projects in downtown Seattle's history," construction is proceeding as of Summer 2018. When completed in 2021, the nearly 1.5 million square feet facility will add 434,000 square feet of event space - more than doubling the event capacity of the existing convention facility situated one-half block away.
Subsequently, EDH has recently completed an independent feasibility review of a new 25-year lease by the Seattle Mariners major league baseball team for the publicly owned Safeco Field, renamed T-Mobile Park as of December 2018.
EDH has also completed independent reviews for event facilities of the Spokane Public Facilities District - including expansion of the Spokane Convention Center, renovation of the INB Performing Arts Center and planned new construction of a Spokane indoor Sportsplex project.
To view the Seattle and Spokane independent financial feasibility reports, click on the following web site link for the Washington State Department of Commerce: PFD Feasibility Reviews
For full detail on the new Seattle Mariners lease, click: www.ballpark.org
EDH often serves as an independent third party reviewer of market and financial feasibility, most often on behalf of public and non-profit organizations involved in major capital facility projects.
In Portland, our due diligence services have involved review of public-private development agreements covering multi-block areas in the City's transformed South Waterfront and Pearl Districts, the renovation of a former armory as the new home of Portland Center Stage, and financial feasibility of affordable and green housing development projects.
Other financial feasibility assessments have involved projects including:
Market and feasibility assessments for mixed use development projects in Portland, Gresham and Beaverton, Oregon - and in Vancouver, Washington
Restructuring of lease arrangements for an existing amphitheater and potential development of a minor league baseball facility in Vancouver, Washington
Repositioning hotel-motel funding for marketing and event/conference facilities in Wenatchee, Washington