Realtors Want Spending Paused on SEEDMarch 10th, 2009 by Steven Gardner
The Kitsap County Association of Realtors’ Board of Directors is planning to draft a letter asking the Port of Bremerton to at least temporarily cease spending money on the Kitsap Sustainable Energy and Economic Development project.
Mike Eliason, association executive, said the statement will not so much be against the overall project as much as it is a statement about the economy and the number of vacancies in the county.
Eliason said commercial vacancies are above 10 percent and industrial properties seeing vacancies even higher. Adding more industrial property, he said, could harm the overall market.
Kitsap SEED is designed to be a business park for clean technology companies. The first phase is to include an incubator for start-up clean-tech businesses.
Bill Mahan, port commissioner, said the incubator building would not compete with traditional commercial real estate, because it’s “designed for businesses moving from garages to the next stage of development.”