Salmon Bay Marina purchased by Port of Seattle for $15.6 million

SEATTLE — A privately owned operation for 72 years, Salmon Bay Marina was recently bought by the Port of Seattle for $15.6 million.

“Salmon Bay Marina is a valuable waterfront property perfectly suited for continued maritime use,” said Eugene Wasserman, President of the North Seattle Industrial Association, in the Port’s press release. “I thank the Port of Seattle for preserving this industrial property that will provide jobs and tax revenue throughout our region.”

In upcoming plans, The Port of Seattle hopes to protect maritime industrial land and continue to increase the growth of Fisherman’s Terminal, aiming to double the side of the commercial fishing business cluster, which generates almost $40 million in state and local taxes and $450 million in business revenue. The Port, in favor of mooring boats over live-aboard options, may remove houseboats.

Salmon Bay Marina, a popular waterfront property offering moorage and 166 boat slips, was previously owned by the Draper family.

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