October 25 - The Port of Longview has bid successfully for 306 acres (123.8 ha) of undeveloped property near the port's existing facility on the Columbia River, almost doubling the port's existing 437 acres of industrial property, which is near capacity a
"The current zoning and location of the property adjacent to the Columbia River shipping channel make this property ideal for future marine industrial development," said Port of Longview executive director Ken O'Hollaren.
Situated just four miles (6.4 km) downriver from the Port, the new site is adjacent to the deep draft Columbia River, located within Longview city limits and zoned manufacturing, as is the Port's existing industrial property.
The property was purchased with a winning bid of USD2,451,750.
"The Commission has been well aware that we lack industrial property for expansion and have made this issue a key placeholder in our new master plan," said Commission Chairman Bob Bagaason. "With this purchase we are ensuring that we will have the space to grow and generate benefits for our community for years to come."
The Port does not have immediate plans for the newly acquired industrial property, although is including it in the master plan process currently underway. Non-tax supported general revenue bonds will be issued in late November to finance the acquisition.