At a City Council meeting this week, City Budget Manager Jonathan Swift stated that although there is somewhat of a slowing within the economy, his outlook is generally positive.
Swift believes Bellevue’s high level of development activity will continue to last through 2009 – 2010.
His belief, which has been shared by many, is that Downtown Bellevue will play home to 10,000 residents by 2010. Swift said that the region grew at almost twice the rate of the nation in 2007 and expects this next year to be slower in growth, sharing in a national trend of slow down.
Over the next several years, Swift believes development activity and moderate job growth will continue to stimulate the economy.
