Todd Pacific Shipyards Acquired

Todd Pacific Shipyards, the iconic shipyard serving Seattle since 1916, has been acquired by Vigor Industrial, a Portland-based company in exchange for nearly $130 million.  Todd Shipyards, located in the West Seattle area, was founded by William Todd and is a full-service company from ship construction to conversion and repair.  Todd Shipyard’s has worked on everything from Washington Ferries to U.S. Navy vessels.  Last week, Todd Shipyard’s market share rose to a high of $21.25 and the purchase price breaks down to $22.27 a share.  Although the company’s management and contracts will not change, officers and directors with stock percentages will tender their shares.  The acquirement includes Vigor’s commitment to refinance existing debt and buy outstanding shares.

Seattle City Light Update

Seattle City Light, now under pressure to test city street lights for potential problems, has hired two companies to help them finish the project.  Seattle City Light plans on checking nearly 20,000 poles across the city as over 6 problems have been found, stemming from the tragic electrocution of a Queen Anne family’s pet on Thanksgiving Day.  To date, Seattle City Light and employees from the other two companies (Davey Resources Group and Power Resources Corp.) have tested 600 poles .  They expect to finish testing by March of 2011.

Christmas Ships

Every year, Argosy Cruises runs it’s annual Greater Seattle Christmas Ship festival, featuring a holiday cruise that sails to over 45 waterfront communities in the Puget Sound Area .  The long running tradition (over 61 years) features holiday music from an on-board choir, full decor and a meal option.  Aboard the ship, passengers enjoy the sites of the season from the water.  On-shore, many community members gather in anticipation of the Christmas ship’s arrival to see the beautiful sights.  They are visiting many Seattle neighborhoods this Holiday Season.  For those of you in West Seattle, see the ships this Saturday, December 11th at Lowman Beach from 8:50-9:10 pm and at Alki Beach from 9:40-10:00 pm. If it is anything like previous years, then you had better get down there early.  If you don’t, you will have to park several blocks away from the beach, which ‘I heard’ is no fun running to when you hear the music start and you have a two year old in tow. Don’t miss out on this long-standing traditions and see the Christmas Ships this holiday season!  Follow the link to see a full schedule of stops and tickets.

In The Dark About Seattle City Light?-Here’s an Update.

After a dog in Queen Anne was tragically killed in an electrocution accident on Thanksgiving (see the blog about it here), the city and its residents have been paying more attention to the light poles around them.  Monday, a West Seattle woman reported a pole with exposed wires in the neighborhood.  The incident was called in by a High Point resident about a malfunctioning light.  Upon investigation, the wires were found in the lamp’s head.  The second incident prompted Seattle City Light to check 170 streetlights in High Point for potential problems.  Superintendent Jorge Carassco briefed the media on the plans to check 20,000 poles and 10,000 light vault covers for safety hazards and voltage between now and May 1st.  Seattle residents are encouraged to report any concerns regarding light poles by calling 206-684-7056.  Crews will recognize problems requiring immediate attention.