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"Back in 1971, Seattle voters brought the Market back from the brink of destruction. We saved it from the wrecking ball. Now we need to save it from the ravages of time so it can be around for another 100 years."
--Mayor Greg Nickels
On March 25, 2008, Mayor Greg Nickels proposed a six-year levy totaling $75 million for November 2008. This will cost the median Seattle homeowner $37 per year from 2009 through 2014 (based on a $420,000 home). This is $66 less per year than the existing Parks levy which expires at the end of this year. Even if this new levy is approved, the entire city property tax burden will decline for the second straight year ($4.4 million from 2007-2008 and $7.7 million from 2008-2009).
The levy proposal includes:
 $68.6 million for major repair, structural, and infrastructure and accessibility upgrades to all Public Development Authority (PDA)-owned Market buildings, as well as associated tenant space alteration costs. - $2 million for capital improvements to Victor Steinbrueck Park to make it a more lively and attractive park that can be a great gathering place and an asset to the Market and neighborhood.
- $4.4 million in estimated financing costs.
Under the proposal, construction is scheduled to begin in April 2009 and end in August 2013. Currently improvements are divided into four phases: 
- Hillclimb, Leland and Fairley buildings;
- Corner, Sanitary, Triangle, and First and Pine buildings;
- Economy Market; and
- Soames Dunn, North Arcade and Stewart House.
The Market’s plan includes the following other improvements which will proceed with an additional $8 million of nonlevy funds (such as PDA, Market Foundation, State, County, new market tax credits, etc.) as those funds are available:
- Upgrade and/or relocate portions of the Pike Market Child Care and Preschool, the PDA offices, or other commercial common areas;
- Refurbish Stewart House apartments; and
- Add retail space in a few areas; seasonal stands/stalls along Pike Place, and build out some common areas in the Soames Dunn and Economy buildings.
The PDA is still working on design details for these elements.
For the full version of the proposed renovation plan, visit the Market’s Web site: www.pikeplacemarket.org
Read the news release
See a map of the PDA buildings - Acrobat PDF
Proposed Pike Place Market Levy Overview - Acrobat PDF
Pike Place Market Renovation Goals and Objectives - Acrobat PDF
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