Public Benefits
Serving the Lynnwood Community
A Special Place for Residents
The District is aspiring to serve not only as the tourism and cultural heart of Lynnwood, but equally serve a distinctive and special community gathering space for residents.
“Financial success is critical to fulfilling our purpose as an entertainment and tourism district and ultimately how we can better serve Lynnwood residents as a whole.”
-Janet Pope, Executive Director of The District
“New money and jobs” economic impacts are related to sales or income that would not occur if the proposed, new activities at The District were not present. Working alongside our development consultants, Jones Lang LaSalle, we have performed an extensive analysis of associated benefits from all the uses.
Studies estimate that full redevelopment will result in $12 million in new economic benefits, with a $1.5 million annual tax revenue boost for both the City and County.
The expansion of the Event Center and new programming will grow hotel stays from 3,000 room nights to 40,000 room nights annually and significantly increase the marketability of the Event Center to produce and host events with overnight stays.
The mix of uses combined will create a minimum of 500 new, permanent jobs.
The District is committed to curating retailers with a focus on selling local products and food to promote economic resiliency for small businesses. This will also increase appeal for destination marketing — for residents and visitors alike.
The plan leverages $270 million in public investment to attract over $320 million in private development to meet a growing hotel and housing demand.
The District is committed to engage and support local, minority-owned, and women-owned businesses as suppliers and key partners with the Event Center. By prioritizing these businesses, The District aims to promote inclusivity, while contributing to the growth and success of these underrepresented entrepreneurs.