1120 SW 5th Avenue, Room 1000, Portland, OR 97204
November 2, 2016
Bureau of Environmental Services resumes sale of Terminal 1 property
The Bureau of Environmental Services (BES) announced today that it will resume the sale of Terminal 1, its 14.5 acres of prime industrial land located in the Northwest Industrial District.
By a 5-0 vote, City Council approved Commissioner Nick Fish’s Resolution to resume the sale and rescind the prior action directing BES to lease Terminal 1 as a mass homeless shelter.
Colliers International will serve as the property’s commercial broker and is expected to list the property on November 3, 2016, with a call for bids by November 18, 2016.
Terminal 1, located on Northwest Front Avenue, is a large paved lot with a 96,000-square-foot warehouse and a 3.6-acre dock. “Terminal 1 is identified in the city’s Comprehensive Plan as prime industrial land,” said Commissioner Fish, “and is a key part of Portland’s jobs forecast and economic development strategy for the next 20 years.”
BES purchased Terminal 1 in 2004 as part of the Big Pipe combined sewer overflow project and used it as a staging area for the billion-dollar construction project designed to divert stormwater runoff from the Willamette and Columbia rivers. With that project completed, BES no longer needs the property.
In 2014, at Commissioner Fish’s request, City Council declared Terminal 1 “surplus,” triggering a process to sell the property. This summer BES received seven bids ranging from $6 million to $10 million before City Council canceled the sale process and directed BES to lease it to the Portland Housing Bureau.
Following Commissioner Dan Saltzman’s decision to end the Housing Bureau’s negotiations with BES, City Council today gave BES the authority to resume the sale.
“The sale of this prime industrial property will add family-wage jobs to our community, and strengthen our tax base,” said Commissioner Fish, “helping us pay for the services and housing necessary to address the crisis of homelessness.”
For more information about the Terminal 1 property, visit www.portlandoregon.gov/bes/article/514449.
Contact Cheryl Kuck, 503-823-7898, Cheryl.Kuck@portlandoregon.gov.
The Bureau of Environmental Services provides city residents with programs to protect water quality and public health, including wastewater collection and treatment, sewer construction and maintenance, stormwater management, and stream and watershed restoration.