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December 18, 2020 Comments Off on Seattle Creates First Public Development Authority in Nearly 40 Years Views: 631 Seattle & Pacific Northwest News, Seattle News, Top Seattle

Seattle Creates First Public Development Authority in Nearly 40 Years

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Seattle Mayor Jenny A. Durkan signed the Cultural Space Agency Public Development Authority (PDA) charter to create the first new PDA in nearly 40 years. The Cultural Space Agency is a first-of-its-kind cultural real estate development company, chartered by the City of Seattle and guided by Black, Indigenous, and People of Color (BIPOC) leaders from across the cultural, community development, and commercial real estate sectors.

Mayor Durkan says, “The Cultural Space Agency is central to our work to ensure an equitable recovery from COVID-19 for our artists, nonprofits, and cultural organizations.”

The purpose of the Cultural Space Agency is to develop cultural space real estate projects in a way that reflects the needs and desires of communities that have borne the burden of institutional racism; build community wealth through investment opportunities in cultural real estate projects; and partner with commercial real estate developers and cultural community stakeholders to create real property projects that reflect the interests and priorities of both.

Read more at Cultural Space Agency Charter

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For comments, questions or concerns, please contact Dennis Kaiser

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