Case Study: Port of Seattle achieves strategic capital funding visibility with VFA

Determining Capital Funding Requirements to Support Strategic Asset Management at the Port of Seattle

The Port of Seattle, which manages a large portfolio of aviation, seaport, real estate, and transportation assets, faced growing pressure to shift from new construction to renewal and better understand what it owned, what it was worth, and how funding levels affected asset condition and lifecycle. The Port turned to VFA.facility and the VFA consulting team to build a more strategic approach to capital planning for its $8.5 billion asset base.

VFA helped the Port create a centralized asset database, model condition and renewal needs across its portfolio, and analyze funding scenarios using Facility Condition Index and total cost of ownership tools. As a result, the Port of Seattle can now answer its key asset questions, compare conditions across facilities, support lease decisions, and make smarter capital and maintenance funding choices with a defined strategy behind each decision.

Port of Seattle

Dave Tomber

Manager, Strategic Facility Planning, Port of Seattle