Hopes dim for Falls Crossing sale
October 2, 2008 · Updated 2:24 PM
SNOQUALMIE Chances that a conservancy group will purchase
a significant portion of the proposed Falls Crossing development are
fading as negotiations between Puget Western Inc. (PWI) and the
unnamed buyers appear to be stalled.
"We're still in discussions," said PWI President Bob Boyd. "There is
a draft agreement in front of the buyer. They're in the review process now."
Boyd took City Council members by surprise Nov. 13 when he
announced the potential sale of an undisclosed portion of the 182-acre
site and told the city that a decision had to be reached by the end of the year.
Located on Snoqualmie Parkway near State Route 202, part of the
property is situated directly across from Snoqualmie Falls. The
controversial development would include retail space, offices and about 280
multi- and single-family homes.
PWI officials had asked the council to set up a series of special
meetings to consider a scaled-back version of their development application.
Stating that any incentive to sell part of the land to a coalition of
conservancy groups would be greatly diminished after Jan. 1, PWI attorney Tom
Pors urged the City Council to make a final decision by Dec. 21. But
scheduled meetings were canceled without notice when PWI and the
interested parties failed to reach an agreement.
Although still in the negotiating stages, time is running out and
there is dwindling hope for review of any agreement before January.
"I'd say the chances of something happening now are about
50-50," Boyd said. "At least we're
hopeful that's still the case."
City officials said they were disappointed by the news, but said
they have not given up hope for some resolution in the future.
"We don't have any meetings scheduled, and I don't see
anything happening that would create the need for any special meetings before the
end of the year," said City Manager Gary Armstrong. "But we're certainly
interested in anything that will preserve the Falls Crossing site, or at least a
major portion of it. From the city's position, we have no artificial deadline."