Echelbarger Co. of Lynnwood has purchased 115 acres of land near Monroe and plans to build at least 50 houses at the site. The deal, which closed last month, was worth $1.65 million, according to Craig Hill of Grubb &Ellis, who represented the sellers, the Phillips Trust. The site is near Evergreen State Fairgrounds.
Pratt &Whitney will supply the engines for the Boeing Co.’s 767 tankers, the companies announced Wednesday. Pratt &Whitney’s PW4062 engine will be the standard engine on planes being built for the U.S., Italian and Japanese air forces. The decision was made even though Boeing has put development of the Air Force tankers on hold and is reassigning tanker workers in Everett. Boeing spokesman Paul Guse said the type of engine used determines, to a degree, the wiring and other parts used in building the tanker. The company needed to determine those things in order to finish work on the first Air Force KC-767, which is under assembly in Everett. The plane won’t be delivered to the Air Force anytime soon, but the company needs to get it mostly completed so it can take it off the assembly line, Guse said.
An official with Boeing Wichita’s second-largest union said negotiations on a new contract have stalled over a company move to raise medical insurance costs for many workers. Boeing and the Society of Professional Engineering Employees in Aerospace are negotiating a contract covering 3,500 technical and professional workers. A three-year contract that was set to expire Feb. 19 has been extended to March 19. The company’s proposal would raise health insurance premiums to about five times their current level for technical and professional workers covered by the union who are enrolled in a traditional health plan, said Bob Brewer, Wichita director for SPEEA.
Bates Technical College in Tacoma is selling its public radio station, KBTC-FM, which will go from local material to programming from a public radio station in Seattle. Public Radio Capital of Englewood, Colo., agreed to pay $5 million for the station and contract for programming from KEXP, which airs alternative rock, hip-hop, electronic, world, jazz and roots music as far south as Olympia. Under the deal, KBTC will change its call letters to KXOT. The station broadcasts on 91.7 FM. The changeover takes effect Monday. PRC helps broker the sale of publicly owned radio stations with the goal of diversifying programming. Negotiations to sell KBTC to Public Radio Capital were announced in 2002.
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