King County officials say that despite a Seattle real estate development group standing to make a cool $10 million or more on the flip, they are paying a fair market price for the Broadway and Union medical facility slated to be transformed into a new mental health Crisis Care Center by 2027.
The “assignment fee” in the county’s $42 million deal for the Polyclinic/Optum building has been a key issue for critics of the plan and was the center of questions from King County Council budget committee chair Rod Dembowski as his committee ultimately voted to move funding for the $56 million project forward earlier this month.
“A one year flip for $10 million? The intermediary got a really good deal,” Dembrowski said during the committee proceedings. Continue reading















