Vision 46 is a detailed urban master plan for the property known as Terminals 37 & 46, which is located in the Southdowntown area of Seattle. The property immediately adjacent to Elliott Bay and includes exceptional vistas of the city and all of its beautiful environs. From Mount Rainer to the Olympics, and across Elliott Bay, there are few properties on the West Coast that can match the natural beauty of the property.

The property is owned by the Port of Seattle, and is currently used by their major container shipping company tenant, Hanjin. The Port of Seattle is the oldest Port Authority in the country. It was created by the citizens of King County in 1911 after they decided that the waterfront should be owned and controlled by the citizens, and not by special interests or private companies, such as the railroads of that era. The Port of Seattle has been exceptionally run in recent years as evidenced by the highest bond ratings of any similar institution in America, and the Port has a primary mission to create economic development to benefit the residents of King County. Over the years since its formation, the authority has met its mission by various means including assembling and developing land to be used for various maritime needs, as well as the construction of Sea-Tac International Airport. The Port's recent successful development of Seattle's central waterfront in the 1990's is just one of many examples of the Port's continued success in providing economic opportunities for its constituents.

As we enter a new century, and with the global economy ever changing, the Port of Seattle is currently examining all of its real estate holdings to determine the best use for all of its land holdings in the context of its mission statement. In order to assist the Port in this review (on our own accord and at our sole expense), Nitze-Stagen assembled urban planning experts from around the country to assist our company in developing a detailed master plan for this property. While there are many urban planning experts in Seattle, we decided it would be beneficial to bring in a select few that have actually had experience creating stunningly successful similar projects throughout the world. Given our company's prior development experience, we felt that we could provide one vision for the property that may not have been previously considered due to the Port's focus and funding constraints. It is our company's objective to begin a full and open public discourse on this possible vision prior to any long-term decisions being made with regard to this property. The property is so unique in this country, that its possible development under this master plan would be viewed around the world as an exceptional example of how a large urban city has been revitalized during difficult economic times, while still respecting the natural environment and improving upon public access and use of the property. The results of the discussion should include how the Port would be able to relocate the property's current tenant to the recently modernized Container Terminals at 5 or 18, how the project would create thousands of new construction and permanent jobs for the region, certainly generate additional revenue for local governments, while creating a new source of long-term revenue to the Port to fund other seaport and/or airport needs.

The primary goal behind our vision was to create a community where parties of all different economic means live, work and play. Where an international iconic building representing Seattle's future would be placed so that it would reach out to the world in a welcoming gesture and symbolize the area's recovery from a tough economic downturn. Where all visitors from cruise ships would be welcomed to a world class facility in a world class city. Where current and prior efforts at the planning of transportation and neighborhood issues would be respected, while taking some of the most creative ideas from experts around the world and using them to establish a place that is incomparable on the West Coast. If the vision were successful, no longer would Seattleites look south to the Portland's Pearl District or north to Vancouver for a model of great environmental and economic master planning.

The company has grand expectations for the vision, and we believe we have succeeded. For more information about our vision please go to Vision 46