The Port of Seattle Commission this week authorized extended relief packages that reduce and delay charges Seattle-Tacoma International Airport (SEA) is legally required to collect from tenants operating at the airport.
The deal allows for on-going adjustments to the Minimum Annual Guarantee required by airport dining, retail, on-airport parking and rental car concessions throughout the duration of the pandemic-caused reduction in passenger levels.
The Commission also voted to use funds from the Coronavirus Response and Relief Supplemental Appropriations Act passed by Congress in December 2020 to provide relief to certain on-airport car rental, parking and in-terminal airport concession tenants.
Though not eligible for funds from Congress, taxi and flat-rate for hire transportation providers also had their deferred payment relief extended for another year, through September 2022, with payments allowed to be spread out over a 15-month period.
“By taking these initiatives during such challenging times, the Port reaffirms its commitment to remaining a major economic engine for the region,” said Steve Metruck, executive director of the Port of Seattle.