The Port of Seattle has purchased Salmon Bay Marina. The marine is located on the Ship Canal besides the port’s existing Fishermen’s Terminal facility on a five-acre parcel that contains five docks with 166 slips. The purchase price, according to ThreeSheetsNW.com, was US$15.7m.

Port Commission President Tom Albro said it was “financially smart” for the port to acquire the marina. “It is a step toward fulfilling our Century Agenda goal to double the number of jobs in our region associated with fishing and maritime,” he said. “It also protects urban industrial and maritime land, which is also environmentally wise.”

The property could be used for marine manufacturing firms in the area, and would be able to support buildings of about 60,000sq ft.

The website that the marina’s slips would remain but houseboats would be removed. Environmental remediation could cost as much as US$900,000.

“We applaud the Port of Seattle for purchasing and preserving this unique freshwater recreational boat facility,” said Peter Schrappen, Director of Government Affairs for the Northwest Marine Trade Association, in a statement. “These assets are rare, and help maintain maritime and family-wage jobs.”