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BOEING AND TACOMA ORGANIZATIONS TEAM UP FOR THEA FOSS DEVELOPMENT

 SEATTLE, Oct. 12 /PRNewswire/ -- The Boeing Co. (NYSE: BA) announced today that it will provide a loaned executive to develop a feasibility study and business plan to relocate the Children's Museum of Tacoma and the Tacoma Little Theatre on the Thea Foss Waterway as the cornerstone of a "family campus" development.
 "We're pleased Representative Norm Dicks and the coalition asked Boeing to get involved in this project. We welcome the opportunity to assist in studying and recommending redevelopment efforts and in developing the proposal on the Thea Foss Waterway," said Bud Coffey, vice president of Government Affairs, The Boeing Co.
 "The project has the potential to establish the waterway as one of the region's few recreational and educational attractions for children," Coffey said. "Boeing likes this project because it is putting the needs of children and their families first. We are also intrigued by the idea of tying the environmental cleanup with development opportunities. The approach is creative, and we are certain it will offer high community attraction and value and prove to be very cost effective," he added.
 The feasibility study and business plan will be similar to the ones Boeing developed several years ago for Tacoma's Pantages Theatre and the Broadway Theatre District. The study and plan played an instrumental role in the success of both downtown redevelopment projects.
 The Children's Museum and Tacoma Little Theatre officials have been discussing the moves with the City of Tacoma and the Metropolitan Park District for several months. Both the Children's Museum and the Tacoma Little Theatre have a need for new facilities and have endorsed the idea of moving to the Foss Waterway pending the outcome of the feasibility study.
 Rep. Dicks, who played an important role in soliciting Boeing's support, hailed the decision. "Having our region's largest private sector company assisting these two community family organizations with their relocation effort to the Thea Foss Waterway is a significant step in encouraging additional private investment along the Waterway. I am very grateful for The Boeing Company's sincere interest in Tacoma."
 "We appreciate Boeing's commitment to Tacoma's quality of life. This feasibility study and business plan will be the cornerstone of making the relocation of the Tacoma Little Theatre and Children's Museum a reality," said Stephanie Arend, president of the Tacoma Little Theatre.
 "We are excited about locating the museum and the theatre near Union Station, the University of Washington Branch Campus and the Washington State Historical Museum," said Faith Fox, president of the Children's Museum of Tacoma. "We feel the combination of these facilities will create a 'family center' that will serve the recreational and educational needs of Tacoma's families and children."
 The proposal is one of several private efforts to redevelop the Foss Waterway. Near Tacoma's West Fourth Street Bridge, Herb Simon and Ted Johnson, managing partners of Dock Street Associates, are renovating the Dock Building. Dock Street Associates has spent $200,000 on tenant improvements and clearing 900 square feet of retail and/or office space.
 "Private dollars and redevelopment plans for the Thea Foss Waterway are ahead of schedule," said Paul Miller, Tacoma City Council Member. "It's reassuring to know that Boeing, the backbone of Washington state economy, also recognizes the unique economic, cultural and educational opportunities along the Foss."
 Dick Moe, Metropolitan Park Commissioner, was also enthusiastic. "The Park District is excited about this move, and we look forward to working with both of these organizations in developing recreational program activities for children and families."
 Tacoma City Council Member Bill Baarsma also praised the move. "Having a family attraction along the Thea Foss is very important to the city's long-term goals."
 "What a great partnership: children and adults, public-spirited industry and local organizations working together on something so rewarding for our families, our cultural climate, our tax base, our civic pride! Tacoma's Foss Waterway can realize its full potential through such forces joined in a good idea," said Tacoma City Council Member Bob Evans.
 -0- 10/12/93
 /CONTACT: Sherry Nebel, The Boeing Co., 206-655-6123; or John E. Burick, Thea Foss Waterway Coordinator, 206-591-5790/
 (BA)


CO: The Boeing Company ST: Washington IN: SU:

JH -- SE008 -- 1039 10/12/93 11:12 EDT
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Date:Oct 12, 1993
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