The $5-million balance is a "forward commitment" that will take place upon completion of a 700-stall expansion of the facility, to be named Lot C.
MasterPark currently has two lots at the airport. Lot A is adjacent to the West Coast Sea-Tac Hotel at 18220 International Blvd., and Lot B lies at the corner of S. 170th and International. The financing is for lot C, which is to be constructed at 16025 International at the corner of 160th.
Sonnenblich-Eichner plans a new ground transportation center to be built across from the new MasterPark facilities. However, just a few weeks ago, in the wake of Sept. 11, the Seattle Port Authority had announced those plans have been scrapped. Elliott Eichner of Sonnenblich-Eichner tells GlobeSt he was unaware of the change.
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