April 8, 2008
Federal Way is already home to one Fortune 500 company, and one large non-profit, so why not add Russell Investments to that list?
It doesn’t get too much press in the Seattle-centric media, but Russell Investments is looking for new digs for their 1000+ HQ employees within the next few years.
Tacoma brought out the big guns last week in a push to keep Russell right there. A key to their proposal was the phasing out of the local B&O taxed on “international financial services”. There goes Federal Way’s number one advantage – we don’t have any B&O to begin with.
Still, we’re in the race. Probably a long shot.
There’s not enough employment for professionals in Federal Way and the perceived commute is a major detractor to living here for many, I am sure. As downtown seeks to revitalize establish itself, wouldn’t this be great way to start:

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Federal Way Business, Federal Way Development |
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Posted by federalwayblog
April 8, 2008
There’s no denying it – 320th @ I-5 can be a mess! The City of Federal Way is looking to improve traffic from I-5 into Federal Way and is currently considering two options for new I-5 on-ramps/off-ramps.
The current options being evaluated are North (312th) and South (324th). They are also considering a “no build” option, but we can’t imagine anyone would want that. While we’d love it if nobody ever moved to Federal Way and everybody always took public transit, that’s just not realistic. Initially, we think the south option would be best as it avoids mostly-residential area.
We hope there will be some significant changes to the 320th interchange in the works as part of this project. We were really disappointed to not see cloverleafs constructed while WSDOT was tearing everything up right there for a couple of years. Talk about a missed opportunity.
There is an open house tomorrow, April 9, from 4:00-7:00pm, with a overview presentation at 4:30 and again at 6:00.
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Federal Way Development, Federal Way Traffic, Federal Way Transportation |
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Posted by federalwayblog