PORT ANGELES — The Port of Port Angeles is facing a rent increase that would more than double what it pays a state agency for use of the land underneath The Landing mall.
The rent increase would be effective at the first of 2004.
Port Deputy Executive Director Dave Hagiwara told commissioners at Monday’s board meeting that the Port’s annual rent for the state land under The Landing mall could increase from $37,000 to $80,000. The land is owned by the state Department of Natural Resources.
The Port also could be required to make a $125,000 payment, which would retroactively cover the difference between the rental rates for the three years the lease has been in negotiation.
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