
It is still being debated whether or not to tweak the incentive-zoning policy which allows developers additional height by paying a certain amount of money towards benefiting the public. Vulcan, who owns the property, pitched the idea of 24-story towers along with Mayor Mike McGinn. Vulcan is evaluating the options and deciding whether or not to agree to the 16-story towers.
An official vote from the council on whether to rezone Lake Union or not will take place April 22. The deciding vote will determine if 24-story towers will be allowed or not.
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