From the Seattle Times:
The Seattle Housing Authority announced Tuesday it will partner with either Paul Allen real-estate firm Vulcan or Forest City Enterprises of Los Angeles on a proposed $300 million makeover of Yesler Terrace, a project unprecedented in scope and scale in the United States.
The housing authority solicited qualifications earlier this year for a master-development partner and three firms responded: Vulcan; Forest City; and Hunt Companies of El Paso, Texas. Hunt was eliminated from consideration as a finalist after the authority reviewed its expertise in mixed-income, mixed-use projects.
The Seattle Housing Authority is conducting interviews with the two finalists next month, with the hope of formalizing and signing a contract with its preferred choice next year.