Property adjacent to Fishermen’s Terminal to support maritime, industrial development

The Port of Seattle Commission voted to purchase 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 price was $15,679,120.

 

“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. Over the next 72 years, four generations of the family served as stewards of the marina, and are excited to see the Port continue its maritime heritage.

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.

“Salmon Bay Marina is a valuable waterfront property perfectly suited for continued maritime use,” said Eugene Wasserman, President of the North Seattle Industrial Association. “I thank the Port of Seattle for preserving this industrial property that will provide jobs and tax revenue throughout our region.”

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.

“We applaud the Port of Seattle for purchasing and preserving this unique freshwater recreational boat facility,” said Peter Schrappen, Director of Government Affairs for the Northwest Marine Trade Association. “These assets are rare, and help maintain maritime and family-wage jobs.”

Click here for more information about the Salmon Bay Marina purchase.

Photo credit: Port of Seattle