Newport may have found the money for its new 101 @ Angle parking lot purchase and to pay off the debt for the north Newport Fire Station
When the Newport City Council meets Monday night, it’s likely to go along with City Manager Spencer Nebel’s recommendation to sell the city-owned two story building at the west end of Bay Boulevard, along with its wharf, to its current tenant – Bornstein Seafoods. Bornstein began leasing the property 13 years ago and has been a major contributor to the Newport area economy as it processes fish products for distribution nationally and world-wide.
The assessed value of the property is something over $1.7 million, but Nebel points out that Bornstein, over the years, has put a lot of work and money into the building and will have to spend a lot more money refurbishing the wharf behind it. In light of that, Nebel recommends a price of $1,657,000 which appears to be an agreeable to Bornstein.
Nebel will ask his city council to hold a public hearing on the sale next January 3rd. If there are no substantial issues raised against the sale, the council could set January 17th as the day the sale will be made official
Nebel adds that the proceeds from the building and wharf sale will not only pay off the city’s recent purchase of the old Salvation Army site just south of City Hall, it will also retire the debt associated with the purchase of a building off Highway 101 at the north end of town which now serves as Newport’s new north fire station.
The Newport City Council gets down to business Monday evening, 6pm at City Hall at the corner of 101 and Angle.