Port and Western Washington University Partnership for Waterfront Development In 2009, WWU Trustees and the Port Commission approved creation of the non-profit corporation and development entity, Western Crossing Development, so that a public / private waterfront development could move forward.
Western Crossing is jointly owned by the Port and Western and they have created a capital account that will track the value of their contributions and those will be reflected in their percentage of ownership of the entity and its developments. The Port and Western also have agreed that there will be a payment in lieu of property taxes as the property develops to help compensate for the site infrastructure development and cleanup costs.
Western Crossing’s governing board includes WWU Trustee Peggy Zoro, Western President Bruce Shepard, Port Commissioner Scott Walker and Port Executive Rob Fix and retired ARCO Cherry Point Refinery General Manager Glenn Butler.
Western Crossing News June 18, 2013 -- Port of Bellingham/Western Waterfront Partnership Moves Forward -- Both Approve Memorandum of Understanding to Move Land into Development Authority
Western Washington University took a major step closer to the Bellingham waterfront this week as both the university and the Port of Bellingham approved a memorandum of agreementthat spells out how each could dedicate land to their shared waterfront development entity, Western Crossing Development, and facilitate the purchase of waterfront property by WWU. Full Press Release