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Welcome to The Seattle Newsletter!

In today’s edition:

• Redfin draws down remaining $125 million of loan from private equity firm.

• Upcoming Seattle Storm game

• A deep-dive into the life of Jacob Furth

• And more…

Quote of the Week

“One child, one teacher, one book and one pen can change the world.”

— Malala Yousafzai

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Trivia

Here is your trivia question of the week. The answer will be shown in next week’s newsletter. Which do you think it is? No cheating!

What is the name of the famous coffee shop chain that originated in Seattle in 1971?

A) Peet’s Coffee

B) Starbucks

C) Tully’s Coffee

D) Dutch Bros. Coffee

Answer to Week 18's Trivia:

Seattle's Green Lake is popular for D) Jogging.

News

💼 Business

Georgetown industrial property linked to Frye Museum foundation sells to national investor. (Link)

Swift demolition of derelict buildings on the horizon in Seattle. (Link)

JPMorgan Chase CEO Jamie Dimon riffs on IPOs, Microsoft and Amazon during Seattle visit. (Link)

🏒 Sports

Seahawks’ Jarran Reed: ‘Refreshing to get something different in here. (Link)

Seahawks’ Harbaugh: How they’re adjusting to NFL’s new kickoff rules. (Link)

Mariners Bullpen: Andrés Muñoz update, new plan for prospect Evans. (Link)

🏦 Finance

Intellectual Ventures hunts for its next headquarters space in Bellevue. (Link)

Redfin draws down remaining $125 million of loan from private equity firm. (Link)

Trader Joe's looks to open new location in North Seattle. (Link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports

⚾ Chicago White Sox at Seattle Mariners
T-Mobile Park, Seattle
From June 10th - June 13th | (More info)

🏀 Los Angeles Sparks at Seattle Storm
Climate Pledge Arena, Seattle
Tuesday, June 11th | (More info)

⚾ Texas Rangers at Seattle Mariners
T-Mobile Park, Seattle
From June 14th - June 15th | (More info)

Music & Concerts

🎵 Adelitas Way
El Corazon, Seattle
Tuesday, June 11th | (More info)

🎸 Pokey LaFarge
The Crocodile, Seattle
Wednesday, June 12th | (More info)

🎤 Intocable
Moore Theatre, Seattle
Saturday, June 15th | (More info)

Family Friendly events:

🎉 Black Arts Legacies Celebration
153 14th Ave, Seattle
Tuesday, June 18th | (More info)

🍩 Donuts & Drag Brunch (Father's Day)
94 Pike Street, Seattle
Sunday, June 16th | (More info)

📚Surviving the College Application Chaos with Humor
1310 Northeast 40th Street, Seattle
Saturday, June 15th | (More info)

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “Seattle illuminated entirely by bioluminescent plants and structures” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

Seattle Historical Events

I-90 Floating Bridge Opening (1940) - The Lacey V. Murrow Memorial Bridge, one of the world's longest floating bridges at the time.

The Lacey V. Murrow Memorial Bridge, renowned for being one of the world's longest floating bridges at the time of its opening in 1940, represents a remarkable engineering achievement in the history of Seattle, Washington. Officially named after the innovative director of the state's highway department, Lacey V. Murrow, the bridge is a key piece of infrastructure that spans Lake Washington, connecting the city of Seattle to its eastern suburbs including Bellevue and Mercer Island. Its conception was driven by the need to accommodate the burgeoning vehicular traffic of the era, aiming to alleviate congestion on existing roadways and to foster economic growth in the region by improving accessibility and transportation efficiency.

Constructed at a time when the United States was on the cusp of entering World War II, the bridge was built amidst material shortages and economic constraints, reflecting the ingenuity and perseverance of engineers and workers of that period. The Lacey V. Murrow Memorial Bridge, initially simply known as the Lake Washington Floating Bridge, was noteworthy not only for its length but also for its innovative design. Floating bridges, by nature, are supported by large, watertight concrete pontoons, a technique that was particularly suited to the deep waters of Lake Washington and the soft lake bed, which made traditional bridge-building methods impractical. This engineering marvel spanned an impressive two miles, making it the largest floating structure of its kind at the time.

Throughout its history, the Lacey V. Murrow Memorial Bridge has undergone several modifications and repairs, especially after a significant portion of it sank in 1990 due to construction mishaps during a renovation project. Nevertheless, it was rebuilt and continues to serve as a vital artery for commuters, maintaining its status as an iconic feature of Seattle's landscape. The bridge not only symbolizes the technological and civic aspirations of the early 20th century but also serves as a living monument to Lacey V. Murrow and the spirit of innovation that continues to drive public infrastructure projects in Washington State and beyond. Its opening in 1940 marked a new era in transportation, underscoring the importance of adaptability and forward-thinking in the face of geographical and environmental challenges.

Famous People From Seattle

Jacob Furth (1840–1914):

Jacob Furth, a pioneering Czech-American figure, stood at the forefront of Seattle's transformative era, leaving an indelible mark as a banker and philanthropist. His life story unfolds across continents, from the historic lanes of Bohemia to the bustling streets of Seattle, embodying the essence of the American dream and a relentless pursuit of progress.

Early Life in Bohemia (1840-1857)

Born in the heart of Bohemia, present-day Czech Republic, Jacob Furth's early days were steeped in the rich cultural and historical tapestry of Europe. Despite limited educational opportunities, he exhibited an innate curiosity and an unwavering ambition that would come to define his life’s trajectory.

Journey to America (1857-1864)

In 1857, seeking greater opportunities, a 17-year-old Furth embarked on his journey to America. Arriving with little more than determination, he navigated his way through various jobs, from an errand boy to a tobacconist, saving diligently with an eye towards the future.

Banking Career in Missouri (1864-1882)

Furth’s astute understanding of finance saw him entering the banking sector in Missouri. His innate talent and hard work propelled him up the ranks, eventually leading him to establish his own bank. It was during this period that he honed the skills that would later influence Seattle’s financial landscape.

The Move to Seattle (1882-1890)

Drawn by the promise of expansion in the Pacific Northwest, Furth relocated to Seattle in 1882. He quickly established himself as a key player in the city’s burgeoning financial scene, founding the Puget Sound National Bank. His insight and leadership traits became catalysts for growth in the regional economy.

Development of Seattle's Infrastructure (1890-1900)

During this pivotal decade, Furth's vision extended beyond banking; he recognized the critical need for a robust infrastructure to support Seattle’s growth. He was instrumental in financing the development of the city’s streetcar system, effectively transforming Seattle’s urban landscape and facilitating its expansion.

Advancements in Public Utilities (1900-1910)

Furth's commitment to Seattle's development saw him taking a keen interest in improving public utilities. His efforts were pivotal in modernizing the city’s water and electricity supply, thereby enhancing the quality of life for its residents and laying the groundwork for future growth.

Philanthropy and Community Service (Throughout Career)

Beyond his business endeavors, Jacob Furth was deeply committed to philanthropy. He donated generously to various causes, including education and health care, profoundly impacting the community. His philanthropic efforts underscored his belief in giving back to the society that had offered him opportunities.

Leadership in the Jewish Community (Throughout Career)

Furth also played a significant role in Seattle’s Jewish community. As a leader, he was instrumental in establishing institutions and fostering a sense of unity and identity among Jewish Americans in the region. His contributions helped lay the foundation for a vibrant and resilient community.

Legacy and Death (1914)

Jacob Furth passed away in 1914, leaving behind a legacy that transcended the realms of finance and infrastructure. His visionary leadership and philanthropic efforts had irrevocably shaped Seattle, propelling it towards modernity and prosperity.

Reflections on a Life of Impact (1840-1914)

As we look back on Furth’s remarkable journey, it is evident that his life was a testament to the power of ambition, foresight, and generosity. From his humble beginnings in Bohemia to becoming a pivotal force in Seattle's transformation, Furth's story remains an inspiring tale of achievement and altruism.

Key Achievements of Jacob Furth:

• Founded and led the Puget Sound National Bank, influencing Seattle's economic landscape.

• Financed the development of Seattle's streetcar system, significantly contributing to the city's infrastructure.

• Advocated for and contributed to the modernization of public utilities including water and electricity.

• Was a philanthropic leader, supporting various educational, health, and community services.

• Played a central role in strengthening and supporting Seattle’s Jewish community and its institutions.

Jacob Furth's legacy is one of visionary leadership and profound generosity. His contributions to Seattle's banking industry, infrastructure, and community set a lasting foundation for the city's prosperity. Furth’s life story embodies the transformative impact of ambition, dedication, and community-oriented values on society.

Connect With Me

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I would love to hear from you. Don’t be shy.

-Matthew Larsen

Follow me on Instagram: https://instagram.com/matthewblarsen

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