Bellingham Business Journal, March 05, 2014

Page 1

Vol. 22 No. 3

MAR 2014

AIRPORT

Bellingham airport celebrates completion of $38.6 million terminal expansion [4]

theBUZZ New Chamber CEO As Occhiogrosso takes over leadership of the Bellingham/ Whatcom Chamber of Commerce & Industry, he says membership outreach will be his initial effort. [7]

A retail perspective from the other side Canadian, American panelists discuss impacts of crossborder shopping on retailers in British Columbia. [11]

Bike shop planned for Bellingham’s Fountain District The well-known Fountain Drug building will soon be home to a new cycling retailer. [8] BRIAN COREY FOR THE BELLINGHAM BUSINESS JOURNAL, 2012

Negotiations begin

County Council approves 60-day moratorium on new applications for pot businesses within the county’s jurisdiction. [12]

Due diligence starts as Port of Bellingham courts Irish developer for waterfront property

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BY EVAN MARCZYNSKI The Bellingham Business Journal

deal is not complete, but the Port of Bellingham made a significant stride forward last week in setting framework for the first private development on the city’s central waterfront in decades. Port commissioners voted unanimously Feb. 18 to allow executive director Rob Fix to enter a 120-day negotiation period with Harcourt Developments Limited of Dublin, Ireland. Harcourt is seeking to become the lead developer for 10.8 acres of former industrial

waterfront bordering downtown Bellingham and the Whatcom Waterway. The property includes the historic Granary Building, which will get new life after it was once slated for demolition due to decrepit condition. Fix said the port will spend the following months delving into Harcourt’s financial background and completing other due diligence efforts. “We’re very much in the evaluation phase of this,” Fix said. “We have a pretty good idea of who they are, but we’d like to dig into those details a little further.”

Whatcom County blocks pot business

One important element of the negotiations will involve a revised development vision from Harcourt for the 10.8-acre site. The Irish developer’s initial proposal, which was one of four offers a port-led selection committee vetted last year, included almost all of the 237 acres of waterfront land expected to be redeveloped over the next several decades. But the possibility for such a grand vision, particularly one involving that amount of property, is not on the table, Fix said. Harcourt’s proposal itself was light on

Readers’ Choice Make your selections in our annual business awards. [9]

Business Toolkit Getting noticed with Web copywriting. [22] Invest wisely when picking the right employees. [22]

WATERFRONT, PAGE 6

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