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Terminal 91 Uplands Development Project

This project improves the long-term financial stability of the Port by creating the infrastructure to support new jobs, generate new revenue, and advance maritime innovation.

Projected cost

$39 million

Summary

Develop 100,000 square feet of light industrial space and associated site infrastructure improvement including, but not necessarily limited to: paving, water, sanitary sewers, storm sewers, lighting, electrical power, natural gas, communications, and landscaping.

Estimated completion date

Q3 2023

Purpose

  • The market for light industrial real estate is still strong
  • Will support fishing/maritime manufacturers and suppliers
  • Almost no new light industrial development in Ballard Interbay MIC since early 1970s
  • Rising gentrification, low vacancy rates driving rents to all-time highs
    • Rents increased by 5.2 percent over 2018
    • The vacancy rate is 1.9 percent

Century Agenda

  • The new facilities will support fishing and maritime supply chain companies needing to expand within the Ballard/Interbay Manufacturing Industrial Center
  • The Port has received strong interest from expanding fishing equipment manufacturers and maritime manufacturing companies who want to locate new facilities close to the fishing fleet and maritime supply chain
  • The new space will be part of the Port's maritime innovation center where companies will collaborate to grow and modernize operations

Business plan objectives

  • Support new jobs
  • Generate new revenue
  • Advance maritime innovation
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