By Phil Ferolito, July 25, 2014, Yakima Herald-Republic
The Port of Grandview and Pacific Northwest University of Health Sciences received more than a $1 million boost Thursday from a local economic development board.
The Supporting Investment in Economic Diversity board awarded the university $375,000 to develop a road that would make way for future expansion of the school, and $682,160 to the Grandview port for the installation of a road and to buy a wine incubator.
The bulk of the port’s money — $527,520 — half a loan and the rest a grant — will go toward construction of a road and cul-de-sac to serve lots in the Wallace Way Business Park. The project includes the installation of pavement, sidewalks, curbs and gutters.
A pallet manufacturer that promises to provide 15 jobs the first year and up to 28 jobs the third year of operations is interested in two of the lots that would be served by the new road, and at least two other businesses have shown interest in other lots in the area, said port Commissioner Jim Sewell.
The total cost of that project is $659,400, and the port would provide the remaining $131,880 in a match.
The port also received a $154,640 loan to purchase a 3,000-square-foot building that would be used as a wine incubator for small startup wineries in the area. The money would purchase the building for $125,000 and help pay for needed upgrades to the structure as well as landscaping and a parking lot.
The total cost of the project is $193,300, and the remaining $38,660 would come from the port. Work on both projects is expected to begin this fall, Sewell said.
PNWU was awarded a $375,000 grant to put toward a $750,000 street project that would connect Inspiration Drive to 31st Street just north of the school in Terrace Heights, and install water and sewer lines in that area for the school’s future development.
A local group, Terrace Heights Development, is funding the remaining $375,000 cost of the project.