Friday, February 26, 2016

Vancouver USA Signs Terminal Development Deal

By Mark Edward Nero

The Port of Vancouver USA and Clark College have signed an agreement that opens the door to partnership at the port’s Terminal 1 waterfront redevelopment.

During its Feb. 23 meeting, the port’s Board of Commissioners unanimously approved an agreement aimed at stimulating education, art and commerce, and “creating a sense of place” at Terminal 1, which is the site of unfolding redevelopment.

Owned by the port for more than a century, Terminal 1 most recently housed the Red Lion Hotel Vancouver at the Quay and The Quay Restaurant. Both businesses closed in November 2015. The port says it immediately began “reenergizing” the space, bringing in biotech company AbSci LLC and locally owned Torque Coffee Roasters.

The agreement signed Feb. 23 allows Clark College to collaborate with port tenants at Terminal 1 to provide educational and community programs that “support and energize” the local economy, according to the port.

“This is another exciting step in keeping Terminal 1 active while we move through the planning and permitting processes for redevelopment,” Vancouver USA CEO Todd Coleman. “We’re excited for the opportunities this brings for us, for the college and for future industry at the waterfront.”

“Being a partner with the Port of Vancouver provides dynamic learning opportunities,” Clark College President Bob Knight said. “We see a home at the port for future programing and are happy to connect Clark College to the revitalized waterfront.”