Maritime Economic Development: Seattle

 

The Port of Seattle Commission on December 5 voted to purchase Salmon Bay Marina, located on the Ship Canal adjacent to the port’s Fishermen’s Terminal facility. The five-acre/2-hectares property contains five docks supporting 166 slips measuring 6,547 linear feet/1,996 meters of moorage on freshwater.  The purchase price was $15,679,120.

 

 

 

 

According to the port, potential uses for the property include light industrial facilities that could support maritime and manufacturing companies in the area. The site could support structures in the range of 60,000 square feet/5,574 square meters.

 

The existing marina slips will remain, although the house boats will be removed prior to the port taking possession of the property. Environmental remediation from prior tenants may run close to $900,000.

 

"The purchase of Salmon Bay Marina is a step toward fulfilling our Century Agenda goal to double the number of jobs in our region associated with fishing and maritime and is financially smart for the port," said Commission President Tom Albro. "It also protects urban industrial and maritime land, which is also environmentally wise. "Click here for more information about the Salmon Bay Marina purchase.