Vancouver — The state Community Economic Revitalization Board has approved a $50,000 grant to the Port of Vancouver for its feasibility study on future uses of its Terminal 1. The grant, which will be matched by $20,000 in local funding, will be used to assess the utilization, condition and redevelopment potential of the terminal, located at the foot of Columbia Street.
Terminal 1 includes the former Red Lion Hotal Vancouver at the Quay. The port this week announced that AbSci, a Portland biotechnology company, will lease 6,200 square feet of the former hotel for offices and laboratories. The port hopes to attract more biotechnology tenants to the building, which it has renamed the Columbia River Life Sciences Technology Building
The state agency also approved a $50,000 grant to the Port of Kalama for the Spencer Creek Business Park economic feasibility study. Statewide, the revitalization board approved $246,113 for economic development feasibility studies.
