Port of Vancouver USA waterfront development expected to create 800 new jobs, generate $93 million in state and local taxes VANCOUVER, Wash. – On June 19, the Vancouver City Council voted unanimously to approve the Port of Vancouver USA’s Terminal 1 Waterfront Development master plan. Terminal 1 is the port’s birthplace on the Columbia River and the site of unfolding redevelopment along Vancouver’s downtown waterfront. When fully developed, the project will provide office, retail and commercial space; a public marketplace; hotel; residential apartments; low- and high-dock access; restaurants; and connection to the city’s popular Renaissance Trail. At full build-out, Terminal 1 is expected to provide nearly 950,000 square feet of new mixed-use development, create 800 new jobs to support commercial activity, drive construction investment of more than $200 million and generate nearly $93 million in state and local taxes over a 25-year period. “This is an exciting project,” said port CEO Julianna Marler. “It’s a different kind of development than we typically do, but it still achieves the port’s mission of economic benefit to the community. The jobs, tax dollars and activity down at the waterfront will complement our beautiful downtown and create a ripple effect of benefit in the region. “We appreciate the City Council’s support of Terminal 1 and look forward to working together to build a community resource and destination we can all be proud of.” Port commissioners Brian Wolfe and Jerry Oliver, who have both served on the port commission since plans to redevelop Terminal 1 began, shared stories with the City Council about the redevelopment process and recognized former port commissioner Nancy Baker. Baker’s leadership was instrumental in preserving Terminal 1 for public access and moving the project forward during its early days.