Trending: Morgan Stanley says market for self-flying cars could rise to $1.5 trillion by 2040

ferrari-cars1Here’s a good indication of the strong economic boom going on in Seattle, and it goes beyond the many construction cranes dotting the downtown landscape.

Our news partner KING 5 reports from the Ferrari Concours d’Elegance event in Renton this past weekend and finds that Seattle’s Ferrari club is firing on all cylinders with membership increasing.

You can thank some of the Amazon and Microsoft millionaires for growth of the club, which some believe has more than doubled in the past several years.

“I’d say it is an indicator of success overall,” judge Will Diefenbach tells KING 5. “We have a lot of members who have worked at Microsoft or Amazon or Boeing.”

While there may be more Ferraris buzzing Seattle streets, the success of the region is coming with costs. Today, Seattle Mayor Ed Murray is expected to release a report on affordable housing in the city, and Seattle writer Jeff Reifman recently posted an essay titled “How our success is ruining Seattle.” Furthermore, just last week I moderated a panel at the Museum of History and Industry on the growing pains associated with the current tech boom. (More on that panel later this week).

Here’s the full report on the Ferrari club:

 

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