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Committee recommends leasehold deed of trust for Cultural Space Agency at King Street Station
Summary
The Transportation Committee voted 5-0 to recommend passage of Council Bill 120989, authorizing SDOT to execute and record a leasehold deed of trust reflecting the Cultural Space Agency's leasehold estate at King Street Station, a prerequisite staff said for a Department of Commerce funding arrangement covering a multi-million-dollar renovation.
On July 1, 2025, the Seattle City Council Transportation Committee voted 5-0 to recommend passage of Council Bill 120989, an ordinance authorizing the director of the Seattle Department of Transportation to execute and record a leasehold deed of trust reflecting the Cultural Space Agency's leasehold estate at King Street Station. Committee members recorded the recommendation to send the bill to the full Council for final consideration.
Presenters described the ordinance as authorizing SDOT to formalize the Cultural Space Agency's existing 30-year leasehold interest as a deed of trust, a procedural step required for the agency to secure a Department of Commerce funding mechanism that covered a substantial portion of more than $4,000,000 in renovation costs to the station's second floor. "We would…
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