WEATHER IN LINCOLN COUNTY


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Newport: Looking to raise some money selling “surplus” city owned land

Newport

Newport

newport aerial agate beach
Yaquina Head Lighthouse north...

Yaquina Head Lighthouse
north…

In an effort to take stock and determine the value of lands owned by the city itself, within the city limits and even a little beyond, Community Development Director Derrick Tokos this week took the city council on a little journey around the town pointing out what the city owns, the shape the land is in and what it might be worth on the open market.

According to Tokos some of the higher value properties are:

* Landfill property: NE end of Avery Street. Closed landfill since early 90s. In the process of decommissioning it. Could be worth $1.0 million. Landfill’s remediation process could be accelerated.
* Quarry property: End of NE 71st. Will hold new Agate Beach water tank. Will accommodate an assisted living complex already promised by the city. Outside the city limits and its urban growth boundary. Forest properties own the subsurface rights. Value around $95,000.
* Schooner Creek Property: just east of 101 from NW 66th to 68th. Zoned high density apartments. Value around $600,000, but building constrained by steep terrain, and wetlands. Access is also a potential challenge.
* Agate Beach Site: just west of intersection of Lighthouse Drive and 101. Old proposed Agate Beach Community Center location. Value, quarter million. Great views. Some building constraints.
* Big Creek Open Space: 13 acres behind Big Creek Heights Subdivision. Low to high density housing. Value, quarter million.
* NE Klamath Place properties: two lots. Total value, $80,000. Steep slopes but great views.
* Harney Street lots: north of NE 7th. Expensive to develop due to steep terrain, wetlands and needing drainage. Value, $46,000.
* NE Iler Street properties: 9 platted 5,000 sq.ft. lots, the three most southern are buildable. Lots of fill and sloping needed. Value for all three lots, $50,000.
* US 20 @ Harney: NE corner and northwesterly. Heavy commercial zone. No legal access to Highway 20. 25,000 sq.ft. with a value of $215,000.
* Sam Moore Parkway: partially developed open space and trails. Zoned “public.” Steep terrain, wetlands and hard to access. 3.4 acres valued at $921,000.
* NW High Street properties: two platted lots north of the Skateboard Park. $160,000 value.
* SW 9th Street property: 442 SW 9th, undeveloped commercial site. Originally intended to be a parking lot if adjoining commercial lots along 101 are acquired. Options grow if 101 and 9th become one way couplets in the future. Value, $131,000.
* NW Nye and 3rd Street: Undeveloped open space. Five lots. Zoned public buildings and apartments. Steep slopes and wetlands. Value, $130,000.
* Don Davis Park area properties: Undeveloped commercial property at east end of Olive Street, just across the parking lot from the gazebo. Two tax lots. Value, nearly $1.4 million total.
* SW Neff Way property: Undeveloped residential. End of SW Smith Court. 13,000 sq.ft., apartments and public buildings.
Steep slopes and access challenges.
* Coast Park Open Space: Undeveloped, next to Coast Park, 7,000 sq.ft., value, $203,000. Was to be developed as a second phase to Coast Park with trail connecting to the beach.
* SW 10th Street properties: Vacant residential buildings. Duplex zoning. Four lots covering 32,000 sq.ft. Was to provide city overflow parking, but not feasible today. Might be workable as a developed lot. Value, $181,000.
* Bayfront properties: Undeveloped residential lots between SW Fall and SW Hatfield, 15,000 sq.ft., very steep terrain and unstable slopes. Could be worth $219,000.
* South Beach Open Space: South end of Chestnut and near SE 35th. Zoned homes and public facilities like trails. Substantial wetlands and steep terrain. Value, $149,000.
* South Beach Wastewater Treatment Plant property: SE 50th and Harborton. Two tax lots. Steep terrain. Value, $71,000.
* Airport Industrial: Undeveloped industrial property, access via SE 62nd Street. 39 acres, two lots. Zoned for light industrial off the north end of the airport’s main North-South runway. Value $4 million.

Tokos said the rest of the city owned property is very minor, or areas that won’t be developed because of plans to protect the city’s watershed above the Big Creek reservoirs.

Tokos said he will have another list of city owned properties within two weeks. Those are properties that are developed, such as City Hall, the Recreation Center, the Visual Arts Center, Performing Arts Center, utility facilities, etc. The city council has said that the VAC and the PAC are not on the auction block.

All this information will be married up with the above, as well as a complete analysis of city revenue income as well as expenses. It’s all, of course, aimed at developing the least painful strategy to get Newport water, sewer and storm drain systems into the 21st Century. City Public Works Director Tim Gross has said on a number of occasions before the city council that he’ll need up to $3 million a year to pay for replacing water and sewer pipes along with storm drains in the ground that are up to 75 years old, in some stretches.

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