Published December 2000

Riverside Industrial Park attracts attention
of two companies

Herald Business Journal Staff

Representatives of a warehousing firm and a gravel company are talking with Port of Everett officials about major facilities on the waterfront.

The warehouse company, whose name was not disclosed, is interested in 300,000 square feet of the Riverside Industrial Park that is being developed by the port along the Snohomish River.

The industrial park, on the site of a former Weyerhaeuser Co. mill, is still being readied for development and is expected to provide some 1.3 million square feet of industrial space.

If an agreement is reached, the warehousing firm would be the anchor tenant of the park and would “define the site,” port Director John Mohr said, by likely attracting similar businesses.

Mohr said the port is pleased with the company’s interest.

“We have not been actively promoting the site because it’s not complete,” he said. “It indicates interest in the site itself.”

The other company, JASS, is interested in leasing some 13.5 acres of what the port calls the Baywood site at the mouth of the Snohomish River.

The company sought a one-year lease with two six-month extensions while seeking permits to develop a major facility to process aggregate used in the construction industry.

Port commissioners approved the lease early last month.

Also last month, the port commissioners continued their property tax levy for 2001, saying it eventually will pay off in spades through new projects and redevelopment.

“We’ve put a lot of money into this and we’ve yet to see the pot of gold, but it’s coming,” Commissioner Jim Shaffer said.

The levy rate wasn’t increased. It was continued at 41.9 cents per $1,000 of assessed property value, where it has been for the past several years. At that rate, the owner of a $200,000 home would pay $83.80 a year to support operations and the port would collect a total of about $3.2 million.

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