Done Forest?
Sad news for Seattleites with fond memories of the Fun Forest. It might become a relic, and not just figuratively speaking. Seattle Center is looking to terminate the park’s lease.
Earlier this week, the Mayor’s Task Force for Seattle Center Sustainability released its report. A detail that may have gone unnoticed was the bleak assessment of the Fun Forest:
“The Fun Forest is worn and outdated… Its lack of relevance and currency has a huge impact on the visitor’s experience of Seattle Center. Once a consistent and important source of commercial rent, the Fun Forest has fallen behind in its lease payments. An assessment should be made of the optimal public use of this valuable five-acre property.”
The Fun Forest owed $191,000 on its lease at the end of 2005 & has been losing about $500,000 a year since 2000.
According to a series letters from spring 2006 between Fun Forest and Seattle Center officials obtained by the Stranger, it appears the Center is renegotiating the Fun Forest lease (which currently runs through 2019)—essentially offering to lower the Fun Forest’s rent while asking the amusement park to leave the Center in the next 4 or 5 years.
In an April 24 letter from Fun Forest to Seattle Center, Fun Forest Executive VP Steven Robertson summed up his understanding of the negotiations:
“In its simplest form, the City of Seattle is asking Fun Forest to relinquish the final nine or ten years of its current lease agreement in exchange for an amendment that would reduce its annual rent for the remainder of the lease.”
Seattle Center acting director Robert Nellams responded in a May 12 letter:
“I would like to see Fun Forest be able to retire its debt, but that can only happen if the City is made whole, too. In its simplest form, the City is willing to accept a significant reduction in rent to end this relationship amicably in exchange for bypassing a potentially nasty default process.
But of course we should give Fun Forest the Boot. It doesn't fit the "Northwest Lifestyle" that is the overarching theme of Our World Class City.
I think it should be given, tax free, to either Nordstrom or Starbucks. Everything should be either a Nordstrom or Starbucks.
Let the beautiful people run wild and free!