Boeing gave the Alhadeffs three years to suspend operations, and the track closed for good on 09/21/1992. But Chicago considered that an extravagance, and after Albaugh left on poor terms with then-company chair Jim McNerney, the downtown Seattle showcase office was closed. DISCOVER YOUR FUTURE TODAY +share. The Alhadeffs sold the parcel to the Boeing Company in late 09/1990 for approximately $90 million, sparking a modest local controversy. Polly Lane, Sarah Smith The Boeing Co. has purchased the Longacres racetrack in Renton and eventually might use the site for a future corporate headquarters. Longacres racetrack is, as anticipated, being purchased by The Boeing Co. and could become a future corporate headquarters campus for the aerospace giant. The ADC building won’t be sold, however, because it’s just one building in the middle of a large complex of Boeing facilities sandwiched between Boeing Field and the Duwamish River. The pandemic has put a big crimp in office transactions. Yet the prospect of the sale of the 215-acre complex in Renton, built 30 years ago on the site of the former Longacres horse-racing track, will stir new unease about Boeing’s long-term future here. 'The Covid-19 pandemic has significantly affected air travel and the commercial aviation industry, including Boeing,' Boeing said in a statement. Today's announcement by Ken Alhadeff, president of a family real-estate company, Broadacres, that owns the track site, means there will be no more horse racing at the track, the only major racetrack in Western Washington. Both those companies have said they’re looking into buying space in the South Sound. The impressive glass-walled buildings are surrounded by trees and manicured lawns. Boeing Longacres 25-01 Building is located at 1301 SW 16th Street in WA, Renton, 98057. Biden signs divisive executive order pushing schools to include transgender athletes in girls' sports - causing critics to declare that the new president is 'erasing women', No Diet Coke break for Biden! (Bloomberg)—Boeing Co. is weighing whether to jettison the Seattle-area headquarters of its commercial-airplane division as it cuts costs and stockpiles cash. Horse racing supporters are hoping for a '92 season at Longacres to maintain the industry in the Puget Sound area until another track is built. The 777X has a timing problem, and that may prevent Boeing from getting back to 8.3 aircraft/month anytime soon. The news of the potential headquarters sale follows Boeing’s decision to consolidate assembly of the 787 Dreamliner in South Carolina — abandoning the original assembly line in Everett — along with ongoing layoffs and buyouts that will see about 12,600 Washington state employees leave the company this year. Boeing Longacres 25-01 Building 1301 SW 16th Street Renton, WA 98055 Meeting Room : TA Wilson Conference Room, first floor 25-01 bldg. As I … Alhadeff, a Seattle native, was married in 1942 to Joan Gottstein, whose father, Joe Gottstein, founded Longacres in 1933. More to the point, who says the headquarters for Boeing Commercial Airplanes must remain in Renton at its huge Longacres campus? It said in an emailed response to questions that it is 'currently in the process of reviewing the final documents ahead of a proposed Airworthiness Directive for the Boeing 737 Max that is expected to be published next month for public consultation.' The historical timeline of thoroughbred racing is a story of highs and lows with many wins and losses while the horses continued to travel around the 1-mile oval track. The impetus for the potential real estate sell-off is the urgent need to cut costs and position the company to survive the coronavirus pandemic’s shocking blow to the airline business. In 1990 the track was sold to Boeing Aircraft. Selling Boeing’s Longacres complex at 1301 SW 16th St. in Renton would generate well north of $100 million and cut the annual property tax bill of $1 million Boeing pays on it, … - Note : Auction will be re-listed with no refunds if not picked up by removal date. Boeing, in turn, unveiled its plans the following spring to build a new Customer Services Training Center and other facilities on the site. By contrast, large office buildings and office parks in Renton sold for an average of $167 per square foot in 2019, according to King County Assessor data. On November 27, 1990, beset by loss of revenue following six years of competition with the state lottery and despite attempts to make the track more appealing to families with children, the Alhadeffs announced that they had sold the track to the Boeing Company. ( bloomberg ) —Boeing Co. is weighing whether to jettison the Seattle-area headquarters of the Boeing Company in late for! 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