Port of Edmonds experiences net loss of $700K
Last updated 8/1/2020 at 1:51pm
UPDATE: Statement from the Port of Edmonds:
Recently, the Edmonds Beacon reported that, according to Edmonds City Councilmember Susan Paine at a council meeting, the Port of Edmonds' recent financial report reflected COVID-19 impacts, including a net loss of about $700,000.
That is inaccurate, said Brittany Williams at the Port.
"On May 11, 2020, Port of Edmonds staff presented Port commissioners with a 'worst-case scenario' forecast based on potential COVID-19 implications," she said.
"The report predicted a possible reduction in 2020 net income from $2.3 million to $1.6 million. At this t...