A sign of hope: rental car garage at Sea-Tac to proceed
Puget Sound Business Journal reported this week that the Port of Seattle has announced that it will re-commence work on its 23-acre, $419 million dollar rental car facility at Seattle-Tacoma International Airport. The project was put on hold in December 2008 due to the anemic long-term bond market. According to the Port, it has now sold $317 million in revenue bonds to finance construction of the remainder of the massive parking structure, an optimistic sign that the finance markets (or at least the public bond markets) are starting to loosen up.
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