Financial Information

The State of the Convention Center, Fiscal 2011

Washington State Convention Center (WSCC) began its first full year of operations as a public facilities district (PFD) in January 2011. The PFD is responsible for the management, operations, capital improvements and financial success of the organization. This change in governance greatly increases the ability of WSCC to be the statewide economic impact catalyst it was designed to be at its inception nearly twenty-five years ago.

As the economy made a slow and steady recovery, the convention and trade show industry also continued to gain strength. Increased event activity, larger attendance at events, higher overall convention spending and excellent expense management by staff helped WSCC to again generate positive economic benefits. A summary of these results can be found at the "Overview of Annual Report, Fiscal Year End December 31, 2011" link below.

WSCC is currently in the second year of a three-year, $21 million capital plan to keep the facility in first class condition. New carpeting, paint and wall treatments were added in 2011. Future improvements include remodeled restrooms, new digital signage and improved wayfinding throughout the building. Exterior enhancements will include streetscape redesign and an improved pedestrian experience along Pike Street and 8th Avenue. These upgrades are important to ensure our facility continues to exceed the expectations and experiences of our customers, both inside and outside WSCC.

Our industry increasingly values green businesses, and WSCC continues to be a leader in conservation and sustainable meetings. Our efforts include making compostable food service items standard, providing recycling and composting stations throughout the facility and installing efficient lighting and plumbing fixtures. This leadership was recognized in 2011 with WSCC being named the Best Green Event Venue in Washington and by inclusion on the Washington Green 50 list.

As we look ahead, we believe that the improving economy, our incomparable service, significant upgrades to the facility, smart fiscal management, and the beauty of Seattle as a destination positions WSCC well in 2012 and beyond.

Sincerely,

Signature, Jeffrey A. Blosser, WSCC President and Chief Executive Officer
Jeffrey A. Blosser
President and Chief Executive Officer

WSCC Financials