August 28, 2017

Terminal 1 North in Northwest Portland	Terminal 1 Aerial View

Today, the Bureau of Environmental Services (BES) finalized the sale of Terminal 1 to Lithia Motors, an Oregon-based Fortune 500 company.

The sale is a triple win: it preserves scarce industrial land, generates good family-wage jobs, and delivers a solid return for ratepayers.

Lithia Motors purchased Terminal 1 for over $11 million. BES used the site during the Big Pipe project, which eliminated most stormwater overflows into the Willamette River and Columbia Slough.

Terminal 1 will continue to be a productive part of Portland’s working waterfront for years to come.

BES Press Release

Media:

City Sells Terminal 1 for $11.125 Million

Jim Redden in the Portland Tribune

City Finalizes Sale of Terminal 1 to Lithia Motors

Anna Marum in The Oregonian

City to Sell Terminal 1 to Lithia Motors for $11.1 Million

KATU News

City Seals $11.1M deal to Sell Terminal 1 Property

Jon Bell in the Portland Business Journal

Background:

Terminal 1 Sale Resumes

Nick Fish Blog

Mass Shelter is the Wrong Idea for Terminal 1 Warehouse

Nick Fish Op-Ed in The Oregonian

City's Sale of T1 is About Creating Jobs

Nick Fish Op-Ed in the Portland Business Journal