In 2016, the business pace was strong, steady and profitable for the Washington State Convention Center! The positive year-end financials and achieved operating goals mark the close of six years of operations as a Public Facilities District (PFD) producing consistently solid results.
The health of the local lodging market was demonstrated by a very strong hotel occupancy rate of 82.7 percent in 2016. The board and staff can be commended for their extraordinary leadership and performance for a PFD that is solely responsible for its own operations, management, debt service capital improvements and profitability. A summary of these results can be found here: Annual Report, Fiscal Year End December 31, 2016.
Our board of directors continues to develop first-rate strategies to position us for a strong future. The public sets high expectations for our mission – to deliver both economic and civic benefits to our community – and we have succeeded on both fronts. Washington Governor Jay Inslee, King County Executive Dow Constantine, and Seattle Mayor Ed Murray enthusiastically support our mission and have appointed exemplary individuals to our nine-member board.
The Pike Street sidewalk and lighting renovations, completed in November, truly brighten and improve the Pike/Pine pedestrian experience and continue to prepare us for the construction of an additional facility. Our board’s most significant focus in 2016 was the continued efforts toward making the WSCC Addition a reality. Looking ahead, 2017 will be focused on serving our facility customers each day and on the design planning and permitting efforts for the future of this second facility.
Jeffrey A. Blosser
President and Chief Executive Officer
The following financial reports are currently available for you to download and review in a PDF format. You may request older documents by contacting us.