Post by Columbia River Mud on Oct 26, 2010 19:30:47 GMT -8
tdn.com/news/local/article_f5d1fe90-df33-11df-a9b1-001cc4c002e0.html
We're not sure yet what this means for our track, but we'll be sure to keep everyone updated.
Port of Longview buys 306 acres at Barlow Point
Posted: Saturday, October 23, 2010
With the Port of Longview's 437 acres nearly full and sandwiched between other industry, little room was left for expansion — until officials looked downstream.
On Friday, the port bought 306 acres of undeveloped waterfront property at Barlow Point for $2.45 million at a foreclosure auction. And on Monday, port director Ken O'Hollaren heads to Asia to market the land.
The port is still evaluating the parcel to determine its best use, said O'Hollaren, who added that port officials plan to study the possibility of building a marine terminal on parts of the riverfront property.
The land is within Longview city limits and zoned for manufacturing. It could likely support several tenants, said O'Hollaren, calling the property "a good site for future development and expansion."
O'Hollaren starts a two-week marketing trip to Japan, South Korea and China on Monday. He said he plans to market the property to Asian businesses who are looking to expand.
The port increased its available industrial land by 70 percent with the purchase.
"With this purchase we are ensuring that we will have the space to grow and generate benefits for our community for years to come," according to a statement from port commission chairman Bob Bagaason.
The property was formerly home to Longview Motocross and previously owned by developer Terra Firma, Inc. It's about four miles downriver from the port, south of the Mount Solo landfill property. The land borders the former Reynolds site, which is occupied by Chinook Ventures.
The property is valued at $6.7 million, according to the Cowlitz County Assessor's Office.
The port was the only bidder at the auction, held on the steps of the Cowlitz County Administration Building in Kelso. A non-tax supported general revenue bond will be issued next month to pay for the land acquisition, port officials said.
"The commission has been well aware that we lack industrial property for expansion," Bagaason wrote.
Copyright 2010 The Daily News Online. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Posted: Saturday, October 23, 2010
With the Port of Longview's 437 acres nearly full and sandwiched between other industry, little room was left for expansion — until officials looked downstream.
On Friday, the port bought 306 acres of undeveloped waterfront property at Barlow Point for $2.45 million at a foreclosure auction. And on Monday, port director Ken O'Hollaren heads to Asia to market the land.
The port is still evaluating the parcel to determine its best use, said O'Hollaren, who added that port officials plan to study the possibility of building a marine terminal on parts of the riverfront property.
The land is within Longview city limits and zoned for manufacturing. It could likely support several tenants, said O'Hollaren, calling the property "a good site for future development and expansion."
O'Hollaren starts a two-week marketing trip to Japan, South Korea and China on Monday. He said he plans to market the property to Asian businesses who are looking to expand.
The port increased its available industrial land by 70 percent with the purchase.
"With this purchase we are ensuring that we will have the space to grow and generate benefits for our community for years to come," according to a statement from port commission chairman Bob Bagaason.
The property was formerly home to Longview Motocross and previously owned by developer Terra Firma, Inc. It's about four miles downriver from the port, south of the Mount Solo landfill property. The land borders the former Reynolds site, which is occupied by Chinook Ventures.
The property is valued at $6.7 million, according to the Cowlitz County Assessor's Office.
The port was the only bidder at the auction, held on the steps of the Cowlitz County Administration Building in Kelso. A non-tax supported general revenue bond will be issued next month to pay for the land acquisition, port officials said.
"The commission has been well aware that we lack industrial property for expansion," Bagaason wrote.
Copyright 2010 The Daily News Online. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
We're not sure yet what this means for our track, but we'll be sure to keep everyone updated.