Bellingham's ho hum waterfront may not be as spectacular as once thought. They have finally invited developers to start working on the first part of the central waterfront, near where Georgia Pacific was. Those first few acres around the old Granary Building are ready for development and the bidding process opened, but, basically, only one taker. Also, the one company interested offered less money to buy the land than Port of Bellingham officials first expected it would go for. The deal looks like a good solid plan, but there doesn't seem to be a rush of interest to develop our waterfront.
I remember when people feared runaway development and the side effects of an economic boom; such as spiraling rents, blocked views and more traffic. The central waterfront was thought of as a golden opportunity for investors. Vacant waterfront near the downtown of a vibrant city. A beautiful setting between Seattle and Vancouver. One would hear people say, "just wait, Bellingham will explode upon being discovered just after 2010 Vancouver Olympics." "We wouldn't be able to afford to live here anymore."
Well, it doesn't look like it's that special after all. There's lots of other nice places, in USA, with good economic prospects. Bellingham is just another one in the many good places around the country.
Work on the central waterfront may finally be starting to take some slow and important steps forward, but it's still Bellingham. No run away development boom in sight. Plans discussed during first segment of The Joe Teehan Show. Good to get an update. http://930kbai.com/the-joe-show/the-joe-show-for-4215/