The front page headlines in this morning’s Kitsap Sun, Agreement Reached on Seabeck Marina, evoked a welcomed ‘Hallelujah!’ response.

After a long history of setbacks, work stoppage, and bureaucratic red-tape, the long anticipated Olympic View Marina project in Seabeck WA Marina is finally back on track.

The latest hurdle (renewing the lease agreement between DNR – Dept. of Natural Resources – and the Developers) has been drafted and is awaiting final signature.

Construction is slated to restart within another month or so, with a project completion date of November 2012.

I have to say that I am greatly relieved that this project is finally moving forward. The need for marina services and moorage on the west side of Hood Canal has been a huge unfilled void for much too long. And Seabeck WA is the natural and best candidate to satisfy such a pronounced need.

The Olympic View Marina has the potential for being one of the most positive commercial developments to happen here in Kitsap County WA in a long time. Once completed, I envision other complementary developments, bringing additional business/services to the Seabeck area.

Congratulations to developers Boyer Halverson and Wil Clark, and big thanks to the folks at the DNR for putting common sense before bureaucracy.

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According to a recent article in the Kitsap Sun, 3 of the remaining partners of Olympic View Marina LLC have decided to ante up their own personal finances to fund the project.

The most recent delay occurred when the lender for the project pulled the financing plug in the 11th hour, even after the partners had successfully navigated a seemingly endless obstacle course of environmental red tape. Unfortunately, due to the recent economic downturn, the commercial lending pool has literally dried up, leaving Olympic View LLC with few viable options.

Hats off to these daring entrepreneurs for risking their own personal savings to make such a badly needed resource/improvement to the Seabeck area.

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Rich Jacobson is a licensed real estate professional providing knowledgeable empowerment and relentless representation for his clients of residential properties and vacant land throughout all of Kitsap County WA and portions of Pierce, Mason, and Jefferson Counties. You can also find him at KitsapLife.com, SOUNDBITEBLOG, ActiveRain, Everyday CK, Facebook, Twitter, or e-mail:  kitsapagent@gmail.com

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