The Port of Seattle Commission recently announced the purchase of Salmon Bay Marina, located on the Ship Canal adjacent to the Port’s Fishermen’s Terminal facility.
The five acre property contains five docks supporting 166 slips measuring 6,547 lineal feet of moorage on freshwater.
“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.”
The property was purchased by the Draper family in 1945 and developed into Salmon Bay Marina.
There are a number of potential uses for the property, including 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.
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 Port of Seattle owns and operates Seattle-Tacoma International Airport, two cruise ship terminals, Fishermen’s Terminal – home of the North Pacific fishing fleet, one grain terminal, a public cargo terminal, four public marinas, and manages a number of real estate assets for financial return and economic advantage.
Learn more at www.portseattle.org.
source: Port of Seattle