The Port of Vancouver is considering various proposals on how to develop the Centennial Industrial Park, a 108-acre property.
Commissioners will be updating its overall plan for making improvements to buildings and land at the site.
One idea is to sell a lot of almost 10 acres in size to Maruichi Northwest, a subsidiary of Maruichi American, which makes steel tubing. The deal has been under consideration since October, when commissioners voted to approve a purchase and sale agreement with the steel maker. This lot would be sold by declaring it surplus land. Maruichi plans to invest a minimum of $30m to build and equip a steel tubing mill. The facility would comprise a 160,000 square foot building and could employ as many as 50 people.
A second proposal under consideration is to declare another four Centennial site lots surplus property, which would make them available for lease or sale to light industrial or official development. The four lots total about 21 acres, and although there are no buyers yet, the port says interest has been shown in the land.
The five lots under consideration, including the one being sold to Maruichi, are in a 58-acre part of the Centennial property that is ready for development.
Once the port finalizes its plans for the Centennial site, it could work with brochure printers on a mailer for community residents sharing its goals.
