Home Archives February 2009 Port of Astoria expansion stalls

Port of Astoria expansion stalls

| Print |  Email
Sunday, February 01, 2009
TonguePoint.jpg Tongue Point is three miles east of Astoria on the Columbia River.

PHOTO COURTESY OF GVA KIDDER MATHEWS

ASTORIA It’s an ideal industrial site for a municipal port looking to expand: 30 acres of paved tarmac, five concrete piers, warehouses, hangers, and a deep-water channel that leads straight to the Columbia River. It’s a site that one state official describes as unique on the entire West Coast. Price tag: $7 million.

But for the debt-saddled Port of Astoria, that may be too much. And its inability to come up with the funds threatens what would be the largest expansion by a coastal port in several years.

Tongue Point is a tree-covered elbow of land about three miles east of Astoria on the Columbia River. It was used during World War II as a site for mothballed Navy ships. Since then, individual users have temporally occupied portions of the property.

Scott Fraser, an agent with GVA Kidder Mathews, is selling Tongue Point for its owner, the Montana-based Washington Group. He says the land has been for sale for about seven years. A possible buyer, which Fraser wouldn’t name but is presumably the port, recently signed a non-binding letter of intent to buy.

That’s all the information known about the possible sale. Because of agreements with Washington Group and companies that are potential occupants, the port cannot reveal how much it would earn from leases, what capital improvements must be done, or even the appraised value of the property.

Port executive director Jack Crider maintains an upbeat tone. Right now it’s too early for the port to say where purchasing funds could come from. Crider says he’s confident the site will generate steady revenue since the agency will fill Tongue Point with smaller tenants — he referred to them as “low-hanging fruit” — rather than one very large company.

According to Mike Robison, Clatsop County finance director, the county is considering using video lottery funds in a way it’s never done before: giving the port $200,000 to kick-start the Tongue Point purchase.

ABRAHAM HYATT



Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

The 100 Best Nonprofits to Work for in Oregon 2014

October 2014
Thursday, September 25, 2014
14BY KIM MOORE

Proud, diverse and underpaid.

Pride in their organizations’ mission, fairness in the treatment of women and ethnic minorities, flexible work schedules — these are just a handful of workplace characteristics that employees of this year’s 100 Best Nonprofits appreciate about their organizations.


Read more...

Gone Girl

News
Monday, September 29, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Wehby disappears, Kitzhaber fails to disclose and Seattle gets bike share before Portland.


Read more...

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

The Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper reporters move into brand journalism.


Read more...

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS