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Chelan PUD and the Port of Chelan County have agreed to a purchase by the PUD of Port-owned land known as the Horan Property and sale of the PUD’s ownership interest in the Confluence Technology Center.

The purchase preserves important Olds Station-area options for PUD commissioners as they considers a possible move of PUD operations that would provide long-term cost savings and improve service for customer-owners

Key components of the multi-agreement Horan Property deal (see map at right) are:

  • PUD purchase of the Port’s Horan Property at $10/square foot; $8.3 million total
  • Port purchase of the PUD’s 25-percent share of the Confluence Technology Center (CTC) for $1.4 million and leaseback by the PUD during potential development of the HoranProperty
  • PUD lease of Industrial Building No. 5
  • Options for the Port to buy back the property under various scenarios
  • PUD priority use for 25 percent of the CTC Video Conference Center
  • 10-year exemption from upfront capital charges for up to 2 megawatts of high-density and cryptocurrency loads in the CTC
  • Redevelopment planning for the PUD’s Fifth Street campus with the Port and City of Wenatchee (up to $75,000 funding each)

Strategic Facilities Plan Map
Port-owned land north of the Wenatchee River Bridge

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Spiedel - Aug. 6, 2018