In 2017, the business pace was strong and profitable for the Washington State Convention Center. The positive year-end financials and achieved operating goals mark the close of seven years of operations as a Public Facilities District (PFD), a period over which we have produced consistently solid results.
The health of the local lodging market was demonstrated by a very robust hotel occupancy rate of 84% in 2017, largely as a result of the many convention and meeting attendees coming to the Convention Center. 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. Detailed audited financial reports may be downloaded below.
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.
The board provides its ongoing expertise and time to carefully manage the Addition project that will begin groundbreaking in 2018. Looking ahead, our focus remains on exemplary customer service and preparing our sales teams to sell the additional 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.