Published December
2000
Riverside
Industrial Park attracts attention
of two companies
Herald
Business Journal Staff
Representatives of
a warehousing firm and a gravel company are talking with Port of Everett
officials about major facilities on the waterfront.
The warehouse company,
whose name was not disclosed, is interested in 300,000 square feet of
the Riverside Industrial Park that is being developed by the port along
the Snohomish River.
The industrial park,
on the site of a former Weyerhaeuser Co. mill, is still being readied
for development and is expected to provide some 1.3 million square feet
of industrial space.
If an agreement is
reached, the warehousing firm would be the anchor tenant of the park and
would “define the site,” port Director John Mohr said, by likely attracting
similar businesses.
Mohr said the port
is pleased with the company’s interest.
“We have not been
actively promoting the site because it’s not complete,” he said. “It indicates
interest in the site itself.”
The other company,
JASS, is interested in leasing some 13.5 acres of what the port calls
the Baywood site at the mouth of the Snohomish River.
The company sought
a one-year lease with two six-month extensions while seeking permits to
develop a major facility to process aggregate used in the construction
industry.
Port commissioners
approved the lease early last month.
Also last month,
the port commissioners continued their property tax levy for 2001, saying
it eventually will pay off in spades through new projects and redevelopment.
“We’ve put a lot
of money into this and we’ve yet to see the pot of gold, but it’s coming,”
Commissioner Jim Shaffer said.
The levy rate wasn’t
increased. It was continued at 41.9 cents per $1,000 of assessed property
value, where it has been for the past several years. At that rate, the
owner of a $200,000 home would pay $83.80 a year to support operations
and the port would collect a total of about $3.2 million.
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