The Port of Everett and its development partner, Maritime Trust Co., are installing poles along the waterfront in the north marina area that is the proposed site of a $300 million redevelopment. The poles are intended to show nearby residents how tall the buildings will be and how they will affect their waterfront views. From 11 a.m. to 2 p.m. Oct. 8, the port will add balloons to the poles to make them more visible. It will host a hot dog lunch from noon to 1 p.m. on Grand Avenue Park overlooking the area to provide information about the project and answer questions. The park is at 1800 Grand Ave.
Seattle Times again seeks P-I breakup
The Seattle Times is seeking for a second time to end its joint operating agreement with the Seattle Post-Intelligencer. On Thursday, the Times notified its rival’s owner, the Hearst Corp., that between 2002 and 2004 it suffered consecutive losses under the 1983 agreement in which the Times handles circulation, printing and advertising for both newspapers. The Times says the agreement is no longer profitable, thereby triggering a clause that would require owners of both papers to begin working toward closing one of them.
Luxury dealership comes to Lynnwood
Phil Smart Jr. plans to open a new auto dealership, Mercedes-Benz of Lynnwood, on Monday. The dealership is on Highway 99 at the site of the former Lexus of Seattle dealership, which has moved to a new location nearby. The family-owned Phil Smart Inc. also operates several dealerships in other parts of the state, including Seattle, Bellevue and Tacoma. Smart said he went to school in Lynnwood and is excited about his first location in Snohomish County. A grand opening for the dealership will be scheduled later.
Hurricane Katrina batters economy
Hurricane Katrina has knocked the economy for a loop, and whether it revives or slips into recession depends on whether nervous consumers are willing to keep spending. New figures on Friday showed the storm caused incomes to fall in August, reflecting $100 billion in losses by people who didn’t have adequate insurance to cover damage to their homes, businesses and vehicles.
Oil prices down, but traders jittery
Oil prices pulled back on Friday as traders took profits from surges earlier in the week, but the slow recovery of oil facilities on the Gulf Coast and its impact on winter fuel supplies left traders unsure. Light, sweet crude for November delivery on the New York Mercantile Exchange fell 55 cents to settle at $66.24 a barrel.
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