Limelight Magazine- Fall/Winter 2019- Volume 1 Volume 1 | Page 34

“I am heartbroken by the passing of one of my oldest and dearest friends, Paul Allen. Paul was a true partner and dear friend. Personal computing would not have existed without him. But Paul wasn’t content with starting one company. He channeled his intellect and compassion into a second act focused on improving people’s lives and strengthening communities in Seattle and around the world. He was fond of saying, ‘If it has the potential to do good, then we should do it.’ That’s the kind of person he was. He deserved much more time, but his contributions to the world of technology and philanthropy will live on for generations to come. I will miss him tremendously.” -BILL GATES 34 LimeLight He was fond of saying, ‘If it has the potential to do good, then we should do it.’ That’s the kind of person he was. He deserved much more time, but his contributions to the world of technology and philanthropy will ive on for generations to come. I will miss him tremendously.” During high school, Allen and Gates would spend hours at the University of Washington Computer Science Laboratory researching and programming. They spent so much time there they were banned several times and reduced to sneaking in. In October 2003, after donating $40 million to the university, the building was dedicated to Allen and renamed the Paul G. Allen Center for Computer Science and Engineering. Allen dropped out of Washington State University in Pullman, Washington to help co-found Microsoft in New Mexico, before moving the company to Bellevue, Washington and finally to its current home in Redmond, Washington. Allen was only with the company for a short time, long enough to make him a multi-billionaire, before resigning as executive vice president of research and new product development in 1983 after being diagnosed with Hodgkin’s lymphoma. In 1983 Allen and his sister Jody started his privately held company Vulcan, Inc. which not only manages his estate and philanthropic ventures, but also an umbrella company including Vulcan Real Estate and Vulcan Capital. Vulcan Real Estate is responsible for the redevelopment of South Lake Union which currently houses several innovative tech, healthcare, CULTURE & ARTS aerospace, and fashion businesses. Since 2002, nearly $5.7 billion has been invested in the neighborhood from urban development to public infrastructure including the South Lake Union Streetcar which the company advocated for in 2007. The City of Seattle has not always agreed with Allen and his company, as the streetcar venture was fraught with backlash because it was seen as a city-supported real estate investment for Vulcan, Inc. and caused a loss of low-income housing. According to a 2012 article from the Wall Street Journal, Allen’s investment in South Lake Union proved “unexpectedly lucrative” since Amazon bought a 1.8 million square foot office complex, its current headquarters, in one of Allen’s buildings along Mercer Street for $1.16 billion. This is said to be Seattle’s most expensive office deals ever. In 1996, Seattle Seahawks owner Ken Behring announced he was moving the team to Anaheim, California. Those plans were halted by a $500,000 a day fine by the National Football League (NFL). Paul Allen was approached by King County councilman Pete von Reichbauer to buy the Seahawks in order to keep the team in Seattle. Allen was the one of the few financially able people that could pull off this last-minute hail Mary to save Seattle’s beloved football team. Allen was not keen on an NFL ownership despite attending University of Washington football games every year with his librarian father Kenneth. von Reichbauer convinced LimeLight 35