2015 was a year of significant milestones and record breaking achievements. The following annual report highlights key accomplishments from each of the PDA's departments and major projects. In a year that included breaking ground on the MarketFront project, to reaching every corner of the globe with a story about cleaning gum, we also took advantage of historically low interest rates; refunding existing debt and issuing PDA guaranteed bonds for the very first time. Our Farm Program engaged in pro-active support for farmers in need who faced flooding and draughts in the same calendar year, and on the Residential front we maintained one of the lowest vacancy rates on record. The overall commercial performance of the Market exceeded projections in all sectors. Seeing the highest visitor traffic ever in 2015, our Maintenance, Facilities, and Security departments met the increased demands, ensuring a safe, clean, and well maintained historic district.
In addition to the many great accomplishments in 2015, this report also shares goals and key areas of focus for 2016, making certain we continue to serve the needs of the Pike Place Market community while preparing for opening the MarketFront in 2017.
- Ben Franz-Knight, Executive Director