Public money for Port of Seattle funds private profits

In a 3-part series, Ruth Teichroeb and Kristen Bolt of the Seattle Post-Intelligencer report on how the Port of Seattle officials have brokered “generous no-bid deals with a company hired to run publicly owned facilities on the central waterfront, have failed to closely monitor those contracts, and have shouldered all of the financial risk for a decade.” In addition, the Port of Seattle has invested millions in luring cruise ships to the area, yet profits are not going to the port authority or King County but to a third party that manages the cruise ship terminals.