The Largest Revitalization Project In The US?

Paul Allen invests $2 billion to transform Seattle's South Lake Union neighborhood in what may be the largest revitalization project ever in the US.

1 minute read

February 18, 2005, 7:00 AM PST

By Chris Steins @planetizen

"Mr. Allen is deep into his next big project -- a $2 billion investment by his fund, Vulcan Inc., to transform Seattle's South Lake Union neighborhood, a collection of warehouses and factories walled off on three sides by two highways and a lake. It is one of the biggest private urban-renewal projects ever in the U.S."

"...The ultimate dream for the next 10 years is to create a biotechnology hub with an additional seven million square feet of offices, shops and homes that will serve all income levels."

Earlier coverage of this topic at, Seattle: The New Biotech Hub.

[Editor's note: The link below is available to non-subscribers for a period of 7 days.]

Thanks to Chris Steins

Read the full story: From Neglect to Biotech

Wednesday, February 16, 2005 in Wall St. Journal

Community / Economic Development Washington

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