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Money Matters

Looking at Candidates' Assets

There's no shortage of ways to distinguish between this year's mayoral finalists, King County Council guy Greg Nickels and Seattle City Attorney Mark Sidran.

Generally speaking, Nickels is pleasant and square; Sidran is arrogant and belligerent. Politically, Nickels is a big-program Democrat, and Sidran is a tough-love Republican. (Technically, Sidran is a Democrat, but you'd never know it from his war on homeless people.)

Nickels' claim to fame? Take your pick: Sound Transit finance chair; devout supporter of the voter-rejected Mariners stadium; father of the West Seattle water taxi; adamant supporter of Sound Transit's latest route proposal. Sidran's claim to fame? Oy vey: passing "civility" ordinances; prosecuting Tent City; impounding poor people's cars; advocating public policy that local judges eventually declare unconstitutional.

Endorsements? Nickels has big labor, Ron Sims, and the Dems in his corner. Sidran has The Seattle Times and the P-I.

Education? Nickels dropped out of the University of Washington early on. Sidran completed Harvard undergrad and then UW Law.

And then there's money. A close look at the most recent personal financial statements filed by each candidate at the state Public Disclosure Commission (the F-1 statement) shows that Nickels and Sidran represent sharply different economic classes.


Income

Nickels makes $75,000-plus as a King County Council Member. His wife, Sharon, makes between $30,000 and $74,999 working for the Environmental Protection Agency. They have two teenage kids, Carey and Jacob, who hold down jobs at places like Starbucks and Pegasus Pizza.

Sidran makes $75,000-plus as Seattle City Attorney. His wife, Anais Winant, makes $75,000-plus at the Seattle-King County Convention & Visitors Bureau. They are also landlords, owning four rental properties including the Laurencia at 1923 First Avenue, which houses commercial businesses like Pensione Nichols and Coupe Rokei salon and generates $75,000-plus annually. The Sidrans don't have kids.


Real Estate

Nickels has a mortgage on a single-family home in West Seattle. Value: $421,000.

Sidran and Winant have mortgages on six pieces of real estate, including property on Vashon Island worth $263,000, a home in Queen Anne worth $665,000, and commercial real estate in the Pike Place Market worth $1.4 million. The total value of Sidran's properties is $2.8 million.


Assets & Investments

Nickels and his wife each have government retirement plans valued between $30,000 and $74,999. Nickels also has a capital growth fund (New England Capital Growth Fund) valued between $15,000 and $29,999.

The Nickels family also owns seven stocks, in companies such as Cacheflow, High Speed Access Corp., and Worldpages. In addition, they're invested in five funds, including the Domini Social Equity Fund.

Sidran has three government savings plans, two worth over $75,000 apiece and the third valued between $30,000 and $74,999. His wife has a 401(k) valued above $75,000.

Sidran and his wife list several fund accounts, including a mutual fund (WM Financial Services) worth over $75,000, a checking/savings account worth over $75,000, and a stocks and mutual fund account (USAA Investment Management Co.) worth between $30,000 and $74,999.

Sidran's wife owns stock in 17 different big-league companies, including: Intel, Microsoft, Nokia Corp., Washington Mutual, Oracle, Amazon, Qwest, and Starbucks.

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