Jon Scholes discussed the progress and challenges facing downtown Seattle, emphasizing the growth in residential population and the recovery of the visitor industry post-pandemic. He acknowledged the need for improvements in street safety and the ongoing issue of ground floor vacancies, which have been exacerbated by the pandemic and high operating costs. Scholes expressed a commitment to enhancing the downtown experience for residents and visitors alike.
Jon highlighted issues with local government performance, criticizing the fixation on tax revenue rather than outcomes that benefit businesses and residents. He pointed out that the city is set to collect record amounts of money but questioned whether it is providing adequate value in return. Scholes warned that increasing the B&O tax could drive businesses away, as they have alternatives outside of Seattle.
Jon reported strong visitor numbers to the new downtown waterfront park, indicating a successful local engagement with the space. He acknowledged the challenges of negative perceptions surrounding downtown Seattle and outlined strategies to improve its image, including a campaign aimed at locals to promote new attractions. Scholes emphasized the importance of local support for a thriving downtown.
Jon discussed the current office vacancy rate in downtown Seattle, which stands at over 30%, compared to lower rates in Bellevue. He noted that the decline in office occupancy is due to companies reducing their space and the need for a more appealing business environment to attract tech firms. Scholes also warned that falling office values could lead to increased tax burdens on residents.