Sponsored by Oregon Business

Port of Astoria expansion stalls

| Print |  Email
Archives - February 2009
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

How a Utah-based essential oils company cornered the Oregon market

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Multilevel marketing, health claims and zyto scanner biofeedback machines: How dōTERRA thrives in Oregon. 


Read more...

Get on the bus!

April 2015
Thursday, March 19, 2015
BY APRIL STREETER

How the private sector can ride the next transit revolution.


Read more...

Epitaph for a Boondoggle

April 2015
Friday, March 27, 2015
BY JOE CORTRIGHT

The CRC is a cautionary tale about how we plan for, finance and invest in transportation infrastructure.


Read more...

Green Rush: Cashing in on legal marijuana

March 2015
Friday, February 20, 2015
BY COURTNEY SHERWOOD | OB CONTRIBUTOR

Marijuana is big business in Oregon, and it’s about to get bigger.


Read more...

Are wolves good for business?

Contributed Blogs
Friday, March 06, 2015
030615-wolf-thumbBY JEFF DELKIN | OP-ED CONTRIBUTOR

As a local business owner, I believe it’s important to build our economy on a platform of conservation values.  


Read more...

The Road to Reinvention

April 2015
Friday, March 27, 2015
BY AMY MILSHTEIN

Damian Smith bets on changing himself — and Portland — through consulting.


Read more...

The 100 Best Companies to Work For in Oregon

March 2015
Thursday, February 26, 2015
BY KIM MOORE | OB RESEARCH EDITOR

Employment in Oregon is almost back up to prerecession levels — and employers are having to work harder to entice talented staff to join their ranks. This year’s 100 Best Companies to Work For in Oregon project showcases the kind of quality workplaces that foster happy employees. 


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