Port of Vancouver to purchase 218 acres

Port of Vancouver commissioners approved spending $49 million to purchase the nearby Alcoa Aluminum and Evergreen Aluminum LLC properties Tuesday.

The adjacent properties are two of the only undeveloped parcels with deep-water port access on the West Coast.

The combined 218-acre property is expected to be developed as a marine terminal. It is expected to generate 1,900 new jobs and $24 million in annual tax revenue once fully developed.

Alcoa Evergreen needs to finish cleaning the site in order for the sale to close in March.

The port will use part of the property to improve local rail facilities.

Source:RamblerNews