Edmonds Beacon - Your Hometown News Source

Port of Edmonds experiences net loss of $700K


Last updated 8/1/2020 at 1:51pm

Brian Soergel

The Port of Edmonds

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...

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