Port of Bandon will pay Pacific Seafood Group to give up its 100-year lease, resolving a dispute over waterfront space.
The Port of Bandon and Portland-based Pacific Seafood Group have come to an agreement after a long-running dispute involving 1.3 acres of waterfront property.
The agency signed a 100-year lease with the nation’s largest seafood company in 1976, and will now pay $340,000 to get out of the lease.
At the time, port commissioners said, the deal was a jobs incentive, because Pacific Seafood was processing fish at the facility, and employing dozens of workers. But in recent years, operations at the facility have been scaled back to include only a retail market on the 1.3-acre property, a venture that doesn’t employ enough people to warrant the cheap rent, port officials said.
After complaining that the company was ignoring its requests to renegotiate the lease, the port declared it null and void at the beginning of 2008. Then, after 10 months of negotiating, port commissioners voted unanimously in December to kick the company off the property.
Read the full story at The Register-Guard.
{biztweet}Pacific Seafood Group Bandon{/biztweet}
