Federal Way 3-tower skyscraper project gets extension

Federal Way city leaders pressed developers with questions during a heated discussion Tuesday night before narrowly granting them six more months to buy city land for building a three-tower skyscraper project reaching 45 stories in downtown.  The City Council voted 4-3 to extend the closing date to sell its property to Twin Development for $6.1 million from Sept. 30 to March 31.

Some council members voiced concerns about what steps Twin Development has planned to raise money for the project. They asked the developers to disclose any business and marketing plan they have to generate money for the project.   Steve Smith, one of Twin Development’s three partners, first said he would give the plan to the council. But after another partner, Luke Hwang, declined to do so because some of the details would become public, Smith said he misspoke. Click here for full story from tribune…