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  #221  
Old Posted Jun 20, 2007, 2:17 PM
CouvScott CouvScott is offline
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Waterfront developers to lease 3.26 acres from port

Tuesday, 19 June 2007
Port of Vancouver commissioners to approve 50-year lease agreement June 26
by Megan Patrick
VBJ Staff Reporter

The Port of Vancouver Commission will likely sign off on a 50-year lease agreement with Columbia Waterfront LLC for 3.26 acres of waterfront property at the regular commission meeting on June 26.

The private developers – Tualatin-based Gramor Development, with a group of local investors – are looking to lease the 3.26 acres of waterfront property between the Boise Cascade Corp. property and the port-owned Quay property.

Columbia Waterfront bought the 29-acre Boise Cascade property last August to develop a master-planned waterfront community that includes a hotel, retail, offices and restaurants with public open spaces and access to the water.

The terms of the sale will be announced shortly, said Gramor President Barry Cain.

The developers would have liked to buy the 3.26 acres, plus the Quay property, but the port is not open to selling any time soon, said Executive Director Larry Paulson.

Although, he added, one never should say never.

The commission met June 19 (today) to discuss the terms of the lease, opting to postpone approval until the 26th to work out some legal kinks in the agreement.

As it stands, the lease is for 50 years, plus two 15-year options.

The lease does not include any Quay property or affect the existing lease at the Columbia Shores office complex.

After construction is completed, the monthly rent will be $16,492. The construction lease rate will be half of the full-value operational rent for two years, and during those two years, the port will complete its Schedule 1 rail project.

Lease rates will increase 2 percent annually, with a full-market-value comparison after 25 years and each subsequent option agreement.

The developers will not be able to use the land for residential purposes, and several easements will be in place for maintenance, rail alignment and public access to the waterfront and amphitheatre.

One provision allows a perpetual easement from Columbia Street, providing public access to the new development.

Columbia Waterfront will continue “good faith negotiations” with the Red Lion to possibly locate at the new hotel that is planned for the 3.26 acres.

The port will maintain reasonable approval rights for the developers’ building design on the site, and the lease is contingent upon Columbia Waterfront successfully buying the Boise Vancouver Mill site.

The deal is also contingent upon Boise Cascade delivering the executed land-exchange agreements the commission approved in May.
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  #222  
Old Posted Jun 20, 2007, 6:17 PM
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Commissioners still support growth plan

Wednesday, June 20, 2007
BY MICHAEL ANDERSEN, Columbian staff writer

At least two of Clark County's three commissioners seem determined to push forward with a growth plan similar to the one that got a thumbs-down last week from a panel of citizens.

In public hearings scheduled to resume at 1:30 p.m. today, the commissioners are trying to predict the future location of some 184,000 new county residents over the next 20 years.

Last week, the county's planning commission recommended that the county scrap plans to allow big-lot urban homes on 1,663 acres in Pleasant Valley and near the county fairgrounds.

But the county's elected officials seemed undeterred.

"The planning commission's recommendation is a recommendation, and we appreciate it," Commissioner Betty Sue Morris said Friday.

"It's our decision to make," Commissioner Marc Boldt noted during Tuesday's hearing.

And Commissioner Steve Stuart suggested Tuesday that it's fiscally safer to set aside too much land for new homes than too little, in order to collect the fees that new houses generate.

Though the planning commission's talks last week touched on everything from school tax revenues to the future of the county's farm industry, sustained objections to what some call residential sprawl have come from the city of Vancouver.

"What we are doing is fundamentally different from what the other cities are doing," Brian Snodgrass, Vancouver's long-range planner, said Tuesday in the hearing at the county public service center at 1300 Franklin Street in Vancouver.

Today's Vancouver residents are looking for cheaper, smaller homes than they did in the 1990s, Snodgrass said, and opening too much land to that new, denser construction would only accelerate migration and stick future taxpayers with the bill for their roads and sewers.

But Morris said keeping the urban boundary tight would just drive development into rural areas.

"We don't want more than 10 percent of people going out there," she said. "They build on septic tanks. They put up what people are calling McMansions."

Meanwhile, owners of the land under debate watched, their financial futures at stake.

"For months and months and months, we're in," said Virginia Nugent, 69, who lives in Pleasant Valley on 8 acres that the planning commission voted not to recommend for urbanization. "The last minute, they jerk us out. How can anybody plan their future? It's horrible to be in this limbo."

Nugent's husband said he retired last year with only enough to live on for eight or nine more years.

"If they make this developable, we could probably put 40 or 50 (houses) on the 8 acres," said Jack Nugent, 71.

Ron Barca, the planning commission member who was firmest in opposing county growth plans, said the county hadn't fully assessed the costs of urbanizing land such as the Nugents'.

"There isn't enough money to go around for all the areas to be built out to the density that individuals would like," he said.



Update


Previously: Last week, Clark County's planning commission recommended that the county roll back plans for residential development north of Vancouver.

What's new: At their own hearings, county commissioners highlighted their differences with the planning commission.

What's next: Hearings continue at 1:30 p.m. today on the sixth floor of the county public service center in Vancouver. The commissioners start deliberations next week.
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  #223  
Old Posted Jun 20, 2007, 7:22 PM
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So how much of the 1663 acres in this area is Betty Sue a stakeholder in? Can we please get an investigative reporter to dig up this information, because we all know damn well she's got her grubby little paws in all kinds of sweetheart deals. She's not a commissioner because she's interested in the public good.
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  #224  
Old Posted Jun 26, 2007, 4:43 PM
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City OKs Riverwest parking pact

Tuesday, June 26, 2007
BY JEFFREY MIZE, Columbian staff writer

Vancouver will use a new form of financing to purchase 300 to 400 parking spaces at the Riverwest project and help build a 90,000-square-foot downtown library.

The city council unanimously approved a series of agreements Monday to spend an estimated $15 million for parking at the $160 million downtown project.

Council members enthusiastically backed Riverwest as a way to continue downtown's revival and to build a new library with covered parking to replace the 48,000-square-foot Vancouver Community Library, which was built in 1963. Roughly 200 of the city's 300 to 400 spaces will be used as free parking for library users.

"I have watched, in the rain, a mother with three kids trying to get into the library," Councilwoman Pat Jollota said.

"For me, this is an enormous project," Councilman Larry Smith said. "This is building for the future. It is building for our kids and our grandkids."

Vancouver will use a limited version of tax increment financing, which allows the city to borrow money to pay for parking spaces and then use the additional, or incremental, tax revenue generated by Riverwest to gradually repay the debt.

Killian Pacific of Vancouver will develop the mixed-use project on 3.75 acres on the southeast corner of East Evergreen Boulevard and C Street, where the Carr auto dealership now operates. Carr plans to relocate.

Besides the library, Riverwest would offer 195 condominiums, 100,000 square feet of office space, a 65-room hotel, 13,000 square feet of retail space, a 4,500-square-foot restaurant, an outdoor fireplace and 850 to 900 underground parking spaces.

The project has been in the works for more than two years. In September 2006, voters overwhelmingly approved a $43 million bond measure to pay for library construction, as well as a branch library adjacent to the Firstenburg Community Center in east Vancouver.

"It sorta feels a little anticlimactic because we have been working on it for a long time, but it is a big deal," Councilwoman Jeanne Harris said. "It's a great way to help our city, our region and our state to grow economically."

Riverwest was one of three pilot projects authorized by the 2006 Legislature. The state agreed to contribute a maximum of $500,000 annually in matching dollars.

"We are getting a half-million dollars a year for 25 years from the state of Washington," Mayor Royce Pollard said. "This is a very significant project for the future of the community. This is a historic event."

Councilwoman Jeanne Stewart, the council's most cautious member on downtown redevelopment, said she believes the Riverwest project is worthwhile. But Stewart said she also has reservations about spending tax receipts on parking.

Vancouver needs to do an analysis of when downtown revitalization can progress without city involvement, "of when our work as a government agency is completed," she said.


Parking subsidies

The city is investing in more downtown parking at a time when its current garages don't generate enough money to cover all expenses, including debt repayment. That was one of the reasons cited by officials for increasing garage and meter rates this year.

The city transferred $1.6 million out of its general fund in 2005 to prop up its parking operations and another $1.05 million in 2006. This year, officials hope to whittle that subsidy to $844,000.

Paul Lewis, the city's economic development project manager, said that unlike other downtown parking projects, the Riverwest garage will have revenue from three sources and will not require a city subsidy.

Those sources are:

- 75 percent of incremental property tax generated by Riverwest that would flow to the city, Clark County, the Port of Vancouver and the Fort Vancouver Regional Library District. State law excludes school districts, so the Vancouver School District would get its full share of additional property taxes generated by Riverwest.

- 100 percent of the incremental city and county sales tax from business activity at Riverwest. Part of the county sales tax, such as the newly enacted 0.1 percent tax for methamphetamine and mental health treatment, is not affected, nor is C-Tran's 0.5 percent sales tax.

- A dollar-for-dollar matching contribution of local revenues by state government, up to $500,000 annually.

Clark County, the Port of Vancouver and the library district already have agreed to give up their incremental tax revenues. The county's agreement includes a provision that it will give up only enough incremental tax revenue to ensure the state provides the maximum $500,000 match.

Even with Vancouver's committing 75 percent of its incremental property tax to pay off the debt, the city would pocket the remaining 25 percent, an estimated $70,000 a year.

Riverwest construction is expected to begin in late 2008 and continue for more than two years. Vancouver will not sell $15 million in bonds to buy the 300 to 400 parking spaces until after Killian Pacific has built the garage.
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  #225  
Old Posted Jun 26, 2007, 6:27 PM
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Thread isn't moving to current

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  #226  
Old Posted Jun 26, 2007, 9:42 PM
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Lease Approved

VANCOUVER -- Port of Vancouver commissioners approved a lease agreement today with developers who plan to build stores, offices and housing on the Columbia riverside site of the former Boise Cascade pulp and paper mill.

The lease agreement is for 3.26 acres near the Red Lion Hotel at the Quay, which the Port also owns.

The 3.26 acres are next to 29 acres the developer, Columbia Waterfront LLC, plans to buy from Boise Cascade. Talks continue about the purchase, announced last Aug. 1.

The lease agreement calls for monthly rent of $16,492, with annual increases. The lease is for 50 years, with two possible 15-year extensions.

Lease terms include continued unrestricted public access to the waterfront and a monument to commemorate the Port's original marine terminal and industrial area.

http://blog.oregonlive.com/breakingn...ays_lease.html
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Old Posted Jun 27, 2007, 2:27 PM
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Columbia waterfront leased
Portland Business Journal - 1:19 PM PDT Tuesday, June 26, 2007

The Vancouver Port Commission approved a lease Tuesday for 3.26 acres of prime waterfront property.

The land will be redeveloped in conjunction with an adjacent 29-acre site which formerly housed a Boise Cascade paper mill.


The project, which extends west from the Red Lion hotel next to the Interstate 5 bridge, is being managed by Gramor Development on behalf of Columbia Waterfront LLC. When complete, the 14-block mixed-use development will include more than 1,400 residential units, roughly 150,000 square feet of retail space and 45,000 square feet of office space. Property immediately adjacent to the river will remain green space and will include a trail system.

"It's going to change the face of Vancouver," said Barry Cain, president of Tualatin-based Gramor.

The 50-year lease the port approved has two optional 15-year extensions. Monthly rent is roughly $16,500 or nearly $17 million for the initial portion of the agreement.

The lease is contingent upon Columbia Waterfront closing on the purchase of the former Boise Cascade mill. Cain said the sale should close in the next couple of months.

Gramor has completed 42 projects totaling over 3.5 million square feet valued at more than $540 million, according to its Web site.
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Old Posted Jul 3, 2007, 10:24 PM
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Headline grabber: $30M headquarters for Columbian
Portland Business Journal - June 29, 2007
by David Raths
Special to the Business Journal

A building that will stand the test of time.

That's what Scott Campbell, publisher of The Columbian, wanted for the daily newspaper's new $30 million headquarters building in downtown Vancouver. And he's confident that Portland's GBD Architects has delivered exactly what he was looking for.

Campbell said the design of the six-story building, which features a glass two-story pavilion as the main lobby, has exceeded his expectations.

"I would say it is built to last, unlike some buildings, which look like they are built to be flipped in four or five years. It's not trendy."

Four floors of the 80,000-square-foot building, located on Sixth Street between Esther and Columbia streets, will house Columbian news, advertising, circulation and administrative staff. The top two floors will be leased to office tenants, and 5,000 square feet of ground-floor space is available for retail use. The building will open this fall.

Campbell called the decision to stay in downtown Vancouver an easy one. At one time, he had considered an alternative site, 13 acres at the corner of Grand Avenue and Highway 14, but he noted that "downtown is a much more desirable location for our employees. This building gives us the flexibility to use the office space as needed. We can expand over time into upper floors, or if we consolidate, we can use less space."

Campbell and his wife, Jody, hired Portland-based Gerding Edlen Development Co. LLC, known for its work in the Pearl District, to act as the office building project manager, and Howard S. Wright Construction as general contractor.

GBD officials say the newspaper's new home will help connect the Esther Shore Park neighborhood to the Columbia River.

GBD, well known for Portland developments such as the Brewery Blocks, Museum Place and South Waterfront, also has drawn up second-phase plans for construction of a printing press building situated across Esther Street from the offices, but that project may be several years down the road, Campbell said.

The move is expected to improve work flow for the paper's 360-employee work force, which had outgrown its current digs at 701 W. Eighth St. The Columbian's current headquarters, built in 1955, grew from a single, 23,000-square-foot building to two buildings with more than 110,000 square feet.

Now, "we'll all be in the same building, so it will be easier to communicate," Campbell said. "The view is spectacular, and the work spaces are much more people-friendly with lots of natural light and sophisticated lighting controls. The employees are coming from spaces with huge rooms that have no sunlight whatsoever."

One of the design challenges, said Keith Skille, GBD's project manager, was to retain the sense of community between departments as they move from one-story buildings to separate floors of a tower.

"We created an interior stairway linking the floors," he said, and used the same materials and finishes to tie the floors together.

Those finishes include decorative steel stairs and guardrails, cherry millwork, wood and metal ceilings, and slate flooring.

Skille called the large public space at the entry the heart of the newspaper.

"There's a fireplace there," he said, "so there is a very Northwest feel to it."

The lobby will feature an interactive multimedia display describing significant events in the history of the newspaper and Southwest Washington. The pavilion's rooftop features a terrace and garden for use by the building's occupants.

The building is in a prominent location in an area undergoing a significant renaissance, including the recent addition of the Vancouver Convention Center and Hilton Hotel. Yet Skille said GBD responded to Campbell's desire for the Columbian building to fit into the community, rather than stand out. The facade features pre-cast brick and composite metal panels.

"The building is not showy," Skille said. "It is solid. It has an institutional character like on a college campus. They wanted the look to say Vancouver."

Saying Vancouver meant focusing on details such as brick color. There used to be a well-known brick company in the area called Hidden Brick Co. which manufactured product identified as Vancouver red brick.

"We were able to find a brick color that matched that," Skille said. "They want the building to say they belong to the community."

Though the exterior speaks of tradition, the building also rides the current wave of sustainable development, an area in which GBD has considerable experience. Among the environmentally sensitive features is the building's cooling and heating system, which is handled by groundwater pumped from an aquifer. Ron Edgerton, a project executive at Howard S. Wright in Portland, called the system "state of the art" in terms of conservation.

Skille said the building, which is 40 percent more energy efficient than code requires, is expected to earn LEED Gold certification from the U.S. Green Building Council. The building features water-efficient landscaping and fixtures. It uses low-toxicity paints and wood products. The construction team of Howard S. Wright put an emphasis on the use of recycled local material, and 95 percent of construction waste is recycled.

Campbell was interested in the sustainable elements as long as they didn't bust the budget.

"We were willing to take on some front-loaded costs that will pay back dividends over the long haul," he said.

GBD's reputation for sustainable projects was a secondary consideration for the publisher.

"They just know how to do six-story office buildings," he said. "They could do one in their sleep. We were very impressed with their grasp of the qualities a building like this needs."

Construction is on schedule to be completed in September, with a move-in date in October. After that, only the slow passage of decades will tell whether the building meets Campbell's test of time.

portland@bizjournals.com | 503-274-8733

http://portland.bizjournals.com/port...ml?t=printable
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  #229  
Old Posted Jul 8, 2007, 3:38 AM
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Great news, Couvescott!

And the lastest post, yupp that building is already topped out. But to me, that building is quite... ugly. The red bricks are not my type.
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Old Posted Jul 8, 2007, 10:04 AM
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any pics?
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  #231  
Old Posted Jul 8, 2007, 6:48 PM
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Quote:
Originally Posted by mcbaby View Post
any pics?
Found those from The Columbian website, www.thecolumbian.com, the little link label "The Columbian: New Edition" at the right.







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Old Posted Jul 19, 2007, 9:11 PM
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Update



First time on this forum, hopefully the picture above works. Latest update on this is that the plans currently call for the removal of D street on the east end of this block to be used as a portion of the parking lot.
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Old Posted Jul 19, 2007, 11:26 PM
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Welcome, Tefen

I am kinda confused, on the article at the first post said that it would have about 9 floors, but this picture only show like probably 5?
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  #234  
Old Posted Jul 19, 2007, 11:33 PM
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I guess things have changed. I believe they also scraped the idea for retail and a restaurant because they didn't feel that corner was well suited to such establishments. Also, the parking seems to be all exterior to the building now, no covered parking.

I believe you're right, 5 floors now.
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Old Posted Jul 23, 2007, 5:14 PM
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Big road bill for Boise site project

Saturday, July 21, 2007
BY JEFFREY MIZE Columbian staff writer

A posh waterfront project loaded with offices, condominiums, restaurants and stores comes with a formidable price tag for roads.

Early estimates place the transportation infrastructure costs at $47 million to $62 million for redeveloping the 29-acre Boise Cascade industrial site.

Gramor Development Inc. of Tualatin, Ore., would pay a portion of the bill. The company is planning a waterfront community with 3.25 million square feet of residential, office, retail and hotel space west of the Interstate 5 Bridge.

City Manager Pat McDonnell said there are many issues to resolve, but the project has tremendous potential.

"I'm totally excited about this possibility," McDonnell said. "It's not very often that you can have such an impact in our community, the gateway to our state."

The city council will have its first look at waterfront costs during a workshop at 5:30 p.m. Monday at city hall, 210 E. 13th St.

A preliminary sketch of the project depicts a dense waterfront district with towering buildings lining the Columbia River and roads running under the railroad that separates downtown Vancouver from the waterfront. It also shows a trail running along the shoreline, a continuation of the popular walkway on the east side of the I-5 Bridge.

T he rendering is for illustrative purposes and may not accurately depict what would be built. McDonnell said Gramor intends to develop a comprehensive video later this year that will offer a pedestrian's view of the overall project.

Gramor's purchase of the property is still pending. City officials will continue meeting with Gramor to discuss how to share transportation costs. According to materials to be reviewed by the council Monday, the developer typically pays about 35 percent of the costs.

For many road projects, Vancouver is able to secure state and federal grants to cover up to 75 percent of its share. The city, however, might have trouble getting money for the Boise project. Grants are typically funneled to projects that will ease congestion or improve safety, not those that will encourage waterfront redevelopment.

Thayer Rorabaugh, Vancouver's transportation manager, said the city will search for other ways to secure state and federal dollars.

"This waterfront area is the last bit of waterfront we have in the city that will really be for future public use," he said.

The transportation issues are daunting. Vancouver is planning for a complete reconstruction of the busy railroad, with roads sliding under the tracks at Esther and Grant streets.

The elevated railroad would have vertical concrete walls instead of earth berm, Rorabaugh said. Architects already are discussing how to texture the surface and include other features "so it just won't be a flat ugly concrete wall," he said.

A similar concern is designing tunnels under the railroad at Esther and Grant streets so they invite, not deter, pedestrians. Connecting the waterfront to downtown and making it accessible for all modes of transportation is considered a top priority.

To improve vehicular access, the city proposes to realign Sixth Street north of the railroad berm and bend the street to the northwest so it would connect with Jefferson Street. Long-range plans call for providing a straight connection between Jefferson and Kauffman Avenue at 13th Street and making other improvements so there is easy access from Mill Plain Boulevard to the waterfront area.

Rorabaugh said the costs could be considerable, but so would be the benefits, and Vancouver needs to move ahead with finding the dollars.

"This means way too much to the community," he said. "The waterfront is too important. The potential for huge sales tax and property tax revenues are there."
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Old Posted Jul 23, 2007, 5:34 PM
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Regrowth spurt

Sunday, July 22, 2007
By JULIA ANDERSON Columbian staff writer

Top business stories of 2007 second quarter M ore than anything else, Clark County's second quarter was about redevelopment - in Washougal, in Battle Ground and downtown Vancouver.

While the local job market continued to moderate in the three months ending June 30, and housing remained in the doldrums, projects large and small were announced all over the county. Here's a short list:

. California investment firm Laeroc Partners purchased the Murdock Building in downtown Vancouver and announced plans for construction of 11 stories of condominiums on top of the building's parking structure.

. Killian Pacific said it would begin construction of a four-story office building on the former Monterey Hotel site adjacent to the West Coast Bank building downtown. The company is also moving ahead with planning for its Riverwest mixed-use project on the Carr dealership site.

. Construction has begun on $50 million worth of redevelopment in Washougal expected over the next three years that will include new retail and residential space, upscale shopping and a remodel and expansion of the Pendleton Woolen Mills outlet store.

. Site work has started on the former Boyer's Par 3 golf course at state Highway 503 and Northeast 119th Street, where a WinCo grocery store is expected to anchor a new commercial project being developed by Killian Pacific.

. Battle Ground Center, southeast of the city's main intersection, is getting under way on a 108-acre site with $200 million worth of construction planned there over the next several years.

. iQ Credit Union purchased the city of Vancouver's former service center building with plans for a partial demolition and remodel. Nearby Elie Kassab bought the city's former police station with plans for redevelopment of the site, just south of the downtown Burgerville. And across Mill Plain Boulevard, The Angelo Co. is moving ahead with plans for a 62,800-square-foot office building on the old Denny's restaurant site.

. Gramor Development signed a long-term deal with the Port of Vancouver for property near the Red Lion Hotel at the Quay, described as the gateway to its planned waterfront redevelopment project on the former Boise Cascade industrial site.

All of these projects will keep the county's construction employment sector on a good footing despite a slowdown in home building, which is expected to last for "quite some time," said Portland economist Bill Conerly.

He doesn't see either Oregon or Washington as having the downturn in home building as much of the rest of the nation, thanks to a continuing influx of newcomers. For instance, in Clark County, the number of drivers turning in out-of-county driver's licenses for local ones has slowed from a year ago. Still, at this year's pace, the county could see more than 14,000 new residents.

The torrid tempo of job growth also continued to slow in the second quarter. But year-over-year through June, local employers had added an estimated 2,900 jobs for a 2.2 percent annual growth rate. Only manufacturing seemed vulnerable, with jobs cuts coming at the Georgia-Pacific paper mill and at Freightliner in Portland weighing on the sector.

Labor analyst Scott Bailey sees more of the same heading into the second half of the year.

Housing remains a question mark.

June was the first month this year that the median sale price of homes came in lower than the same month last year. But $259,900 is still substantially higher than the $230,310 of 2005 or the $184,316 mean price from 2004.

The good news in June was that the inventory of houses for sale in the county has continued to decline from January's high and the amount of time it takes to sell a house also seems to have peaked.

The county's June unemployment rate was 5.4 percent, down from 5.9 percent in June 2006. No one sees any stormy weather headed our way, at least through the rest of this year.

Did you know?

. In June, there were 13,600 people working in manufacturing jobs in Clark County, down 600 from June 2006.

. The county added 2,900 new jobs in the 12 months ending June 30, a 2.2 percent increase.

. The county's June unemployment rate of 5.4 percent was higher than the statewide average of 4.5 percent.

. An estimated 11,200 people remained unemployed and seeking work in Clark County in June. April

. Learoc Partners plans Murdock condo project in downtown Vancouver.

. WSU Vancouver wins electrical engineering program funding from Legislature.

. Elie Kassab buys Vancouver's old police headquarters building.

May

. All Student Loans will bring 100 jobs to Vancouver.

. Killian Pacific plans four-story building on Monterey Hotel site.

. iQ Credit Union buys vacated city services building in downtown Vancouver.

June

. Gramor Development signs lease with Port of Vancouver for property near the Quay.

. LA Fitness will build new Orchards facility.

. Home sale prices slip 2.8 percent, with sales down 21.9 percent.
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  #237  
Old Posted Jul 24, 2007, 12:03 AM
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Sounds exciting news here, glad that Washougal is forwarding to redeveloping itself. Washougal always need that case.
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Old Posted Jul 24, 2007, 4:36 PM
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Vancouver council gets overview of scope of project at Boise site

Tuesday, July 24, 2007
BY JEFFREY MIZE, Columbian staff writer

Vancouver's downtown program has spawned 1.4 million square feet of residential, office and retail space in the past 10 years.

Redevelopment of the Boise Cascade industrial property on the Columbia River waterfront could build more than twice that amount of square feet.

Paul Lewis, Vancouver's economic development project manager, told the city council Monday afternoon that Gramor Development Inc. of Tualatin, Ore., expects to build slightly more than 3,000 condominiums and other residential units in a 19-block area.

In comparison, 735 condos and apartments have been built near Esther Short Park since Vancouver launched its redevelopment effort in the late 1990s, Lewis said.

Gramor hasn't submitted a detailed plan, but the company is expected to propose more than 3.25 million square feet of residential, office, retail and hotel space west of the Interstate 5 Bridge.

"This is a dense urban development," Lewis told the city council.

To make sure that development gets built, the city has identified road and rail improvements that would cost $47 million to $62 million.

Gramor, which could close on its purchase of the Boise site in 45 days, likely would pay 35 percent of the bill, with Vancouver covering 20 percent. Even with the assumption Vancouver would receive 5 percent from BNSF Railway and 10 percent from state grants, the city still could find itself facing a $15 million gap.

Lewis said officials are considering different options for filling the gap.

"I'm cautiously optimistic," he told the city council.

Council members had little time for questions or comments during a briefing Monday that lasted only 30 minutes.

Mayor Royce Pollard asked about the return Vancouver could expect on its investment.

"We are working those numbers and will be able to report them," Lewis replied.

However, those numbers won't be available when city officials return next month to ask the council to spend up to $5.5 million to design a series of road and rail projects. Those projects include replacing the existing railroad berm and trestle that currently separates downtown from the waterfront and extending Esther and Grant streets underneath the railroad tracks to provide additional road access to the Boise site.

Gramor would provide an undetermined amount to help pay the design, the city's next step in keeping the waterfront project on track.

"They are looking to see the city is committed to moving forward," Lewis said.

Council members made no comments on whether they were prepared to spend millions for design alone, which would be followed by a potentially bigger bill for road and rail improvements. In the past, the allure of a modern waterfront has been enough to ward off any sticker shock.

Councilwoman Pat Jollota said she has always considered the waterfront "isolated" from the rest of downtown and she has trouble envisioning how extending a couple of roads under the railroad would change that.

Councilman Tim Leavitt said there must be alternative modes of transportation to serve an area with more than 3,000 residences, including walking paths, buses and possibly even a trolley.

The debate
Should Vancouver pay for roads to the Boise Cascade site?

On one side: This is a golden opportunity to build the premier waterfront community on the Northwest's grandest river. Redevelopment of the site will generate heaps of tax dollars, so money for roads is a prudent long-term investment.

On another side: Vancouver doesn't have enough money to pay for road projects to ease traffic jams, such as improving 18th Street to relieve congestion in east Vancouver. Developers, not the public, should pick up the entire bill.
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Old Posted Jul 24, 2007, 9:27 PM
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Vancouver's Evergreen Airfield to become 'lifestyle' center

Posted by The Oregonian July 24, 2007 11:38AM

VANCOUVER -- Elaborate development plans for 50 acres of retailers, offices and homes at a former airport in East Vancouver appear to be in jeopardy.

Developer Opus Northwest LLC managers have told city officials that difficulties securing an anchor retail tenant as well as an uncertain housing market have led to a hold on plans for the $215 million The Landing at Evergreen project, City Manager Pat McDonnell said this morning.

Opus had hoped a specialty grocer would have committed by now to occupying a 44,839-square-foot anchor space at the northwest corner of the project, said John Bartell, a vice president and general manager for Opus Northwest.

"We need to find other anchors for the center," Bartell said.

Original development plans had construction under way by now at the former Evergreen Airport. Opus proposed 340,800 square feet of retail space, 180,000 square feet of offices, a 96,000-square-foot hotel and 210 residential units.

In a separate development, Opus Northwest officials also said they are trying to sign a major retailer for a four-block development on Portland's east side. Company leaders, who in 2005 won the right to develop the area, have said they want to sign an anchor tenant before construction begins on that $260 million project.

http://blog.oregonlive.com/breakingn..._for_form.html
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  #240  
Old Posted Jul 24, 2007, 10:40 PM
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Quote:
On another side: Vancouver doesn't have enough money to pay for road projects to ease traffic jams, such as improving 18th Street to relieve congestion in east Vancouver. Developers, not the public, should pick up the entire bill.
Hmm... I don't really care about the east Vancouver, there is just the sprawls around east Vancouver. I'd prefer to focus on the west Vancouver which is the heartcore of Vancouver..
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