Some Seattle waterfront businesses have agreed to shut down for up to nine months while the city shores up the seawall.

In exchange, the businesses represented by the Seattle Historic Waterfront Association would be compensated for 55-to-65 percent of their projected losses during the closure, the Association said Friday. They would not be compensated for any reduced business during the rest of the three year project.

The association said it will also drop its appeal of the shoreline development permit and the environmental impact study.

The closures would happen between the fall of 2014 and summer of 2015. All retail business will close on Piers 54, 55 and 56. On Pier 57, the businesses that are fronted on Alaskan Way will close, but the Great Wheel and other businesses will stay open. Argosy Cruises will stay open, but move its passenger access to nearby piers.

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