Seattle Municipal Tower is a skyscraper in downtown Seattle, Washington. At 220.07 m , it is the fourth-tallest building in the city. Completed in 1990, it was initially named AT&T Gateway Tower and subsequently KeyBank Tower after its anchor tenants AT&T and KeyBank. It was given its current name on May 17, 2004.
The City of Seattle purchased Key Tower in early 1996 to house utilities and general government functions. The purchase price was $124 million, or $124 per square foot. The city purchased the property during a downturn in the economy, citing recommendations from two panels: the citizens' group, Capital Finance Review Board, which concluded that purchasing the building would cost a minimum of $47 million less than constructing new facilities and a minimum of $121 million less than renovating existing city facilities; and the Citizens Advisory Panel, which concluded that the building " the great majority of the city's space needs."
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