The purchase of the $2 million parcel will be spilt between the two, with the port contributing $1.7 million and the remaining $300,000 coming from a city open space fund. Highway contractor Woodworth & Co. owns the parcel.
If the purchase is approved, the port and city will enter into a stewardship agreement to maintain the property in perpetuity through the Cascade Land Conservancy. The port will pick up most of the annual cost of the stewardship by establishing an endowment with port funds.
The port also plans to purchase a nearby 36-acre former gravel pit, also owned by Woodworth, with similar goals of conservancy.
Plans call for the two parcels to act as buffer zones between port facilities and nearby residents.
While initial plans did not recommend allowing public access to trails on the parcels, at least one Tacoma City Council member requested that this option be explored.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now