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Joann, the craft retailer, is set to close 21 stores in Washington state as part of a broader bankruptcy strategy, affecting nearly a third of its locations nationwide. The closures come after the company filed for Chapter 11 bankruptcy protection for the second time in a year, prompting significant rightsizing efforts to stabilize its operations.
Seattle voters have approved Prop 1A, a new business tax aimed at funding the city’s Social Housing program, despite anticipated legal challenges from opponents. The advocacy group "House our Neighbors" claims this decision reflects a strong demand for innovative solutions to the housing and homelessness crises in the city.
Blue Origin, the rocket company founded by Jeff Bezos, will be laying off 10% of its workforce, impacting approximately 1,400 employees across engineering, research and development, and project management. CEO Dave Limp stated the layoffs aim to reduce bureaucracy and refocus the company after rapid growth. The decision follows the successful launch of Blue Origin's New Glenn rocket, marking a significant milestone in its competition with SpaceX.
John Melby, the longtime president of Kemper Development Co. in Bellevue, is retiring after 35 years, with John Carlson set to succeed him. Melby has played a crucial role in the company's growth and recovery from challenges like the COVID-19 pandemic, while Carlson brings a wealth of experience from his prior roles in government and media.
The "Digital Equity Grant Opportunities" event in Seattle aims to enhance access to technology and education, fostering lifelong learning and employment opportunities. This initiative emphasizes investment in non-profit organizations and the education sector, addressing critical issues of digital equity and community development. Attendees will gain insights into available grants designed to promote equitable access to technology across the region.
Capitol Hill's 12th Ave Arts marks a decade of development and community engagement, featuring 88 affordable apartments and a vibrant theater complex. As the venue emerges from pandemic challenges, administrative director Greg Carter highlights the adaptability of the theater spaces and the importance of live performances in a post-pandemic world. Efforts to revitalize the lobby area aim to boost attendance and enhance the overall experience for patrons.
Pinstripes, a Chicago-based restaurant and entertainment brand, has abandoned plans to occupy the 21,000-square-foot retail pavilion at Bellevue's Amazon-leased 555 Tower, with the space now being marketed for lease. The company, which offers Italian-American cuisine and entertainment, faces financial challenges amid a slowdown in consumer spending, despite plans for a new location at Lake Union Piers. The future of the Bellevue space remains uncertain as both Pinstripes and Vulcan Real Estate have not provided updates.
Michelin-starred chef's plans for a new restaurant in Bellevue have been scrapped, raising questions about the culinary landscape in the area. The decision reflects ongoing challenges in the restaurant industry, particularly in high-stakes markets like Bellevue. This news is significant for local food enthusiasts and business observers.
Friends of Madison Park has filed an appeal against Seattle's comprehensive growth plan, specifically challenging the Environmental Impact Study associated with the proposed upzones in their neighborhood. This appeal comes just before a public comment deadline and could delay the city's efforts to meet state housing requirements. Mayor Bruce Harrell's administration is under pressure to finalize the growth plan in light of state mandates to eliminate single-family zoning to address housing shortages.
Seattle voters have shown strong support for a new tax aimed at funding social housing initiatives, according to early election results. This decision reflects a growing concern over housing affordability in the region, as the city grapples with increasing living costs and homelessness issues. The proposal has sparked debate among local stakeholders, highlighting the city's commitment to addressing social challenges through fiscal policy.