Council holds public hearing on Lynnwood Public Facilities District master plan and development agreement

City staff and the Lynnwood Public Facilities District (PFD) presented a proposed development agreement on Sept. 22 that would guide redevelopment of a 13-acre city-center site around the Lynnwood Event Center, including multiuse housing, a hotel, an expanded event center and a parking garage.

The city’s director of development and business services, Director Walters, told the council the agreement would “guide the master plan redevelopment of the Lynnwood Public Facilities District campus” and that the plan “provides mixed use development for housing, retail, hotel” while accounting for public benefits such as open space, art, stormwater improvements and affordable housing. Walters said the term proposed for the agreement is 15 years to allow for the scale and phasing of the project.

The proposal sketches a conceptual site plan that shows residential buildings with ground-floor retail, a hotel (currently envisioned at roughly 300 rooms), a planned parking garage to serve the event center, and an expanded event center footprint. Walters said the plan anticipates “a 500-plus parking garage” and that the PFD and city are discussing a financing and maintenance arrangement for a ring road to serve the site.

Residents who testified at the legislative public…