The Pacific Hospital Preservation and Development Authority’s primary source of revenue is lease income from the property on North Beacon Hill. We currently have three leases on the property that provide the majority of our operating and program funds:
As of January 2014, the Washington State Department of Commerce became the primary lessee of the Pacific Tower property. Under the DOC’s management, the Pacific Tower will serve as a new satellite campus for Seattle Central College’s Allied Health programs. Commerce will also be leasing space in the Tower to other nonprofit organizations, state agencies and local governments.
Pacific Medical Centers leases the first floor and basement of the Pacific Tower for clinic space for their medical practice, as well as leasing space in Quarters Buildings 3 through 10 for administrative functions.
Wright Runstad Development LLC leases the North Lot of the Pacific Tower campus as a parking lot.