Who owns the riverfront?
By Travis Hay
World staff writerPosted June 21, 2008
"WENATCHEE - Five years ago the city of Wenatchee announced plans to make sweeping changes to its waterfront along the Columbia River. Here is a look at what has happened along the roughly two-mile stretch of riverfront between the pipeline bridge and Walla Walla Avenue since the announcement and what to possibly expect along the riverfront in the coming years:
The last major purchase of riverside property happened in 2006 when the 9.09 acres where the Greater Wenatchee Regional Events Center sits was bought for $1.6 million. Records of property sales show little waterfront land changing hands within the last 10 years. Those who have parcels of land for sale along the water include the city, two developers and a private owner.
However, there has been some action happening along the riverside. Construction on the events center is more than 60 percent complete and looks to be on track for its Sept. 17 opening. A developer is building condos and duplexes - one of which sold for $625,000.
Two major property owners - Kamkon and Ken Blodgett - have placed their land on the market, slowing a riverfront facelift. Both Blodgett and Kamkon own land next to where the city plans to build a new road called Riverside Drive.
The two developers had announced plans to place condos on the land, but now it is unknown what will happen with their combined 17.2 acres, which is on the market for $15.5 million.
Kamkon wants $12 million for 12.5 acres and Blodgett wants $3.5 million for 4.7 acres.The city is selling 3.4 acres where its public works building sits because its public works department is relocating to a building on McKittrick Street. The asking price for the riverfront land is $1.95 million, according to Mayor Dennis Johnson."
Click here http://wenatcheeworld.com/apps/pbcs.dll/article?AID=/20080621/NEWS04/154332976/1001 for the entire article.
Have a wonderful weekend!
The Davidson Team
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