.A triplex authorized for purchase final month by the Common council at the edge of Balboa Boulevard as well as Coronado Street might end up being a public car parking lot.The purchase of the property at 301 E. Balboa Blvd. became part of the consent schedule on the Aug. 27 meeting of the City Council, and obtained consensual approval. It was actually marketed through Linda and Bobby Hanada for $2.6 million, depending on to city staff.The whole lot it may be exchanged will provide the east side of the Balboa Headland, where vehicle parking is actually specifically challenging to find. Community places for people during that area are actually mostly discovered at the boat dock, one whole lot on Hand Road and limited road rooms." This auto parking, specifically during peak summer season need, commonly carries out not fulfill the vehicle parking requirements of the area," Newport Seaside Real Property Manager Lauren Wooding Whitlinger recorded a report.The home marketed due to the Hanada family is at the exact same junction as a property possessed by AT&T that Newport Coastline representatives will also just like to turn into a car park. The area has actually been in chats along with the telecoms firm and is actually waiting on it to transfer or downsize so a portion of the residential property at 311 E. Balboa may likewise be actually purchased.It's not clear from personnel reports how very soon teams could break ground on a brand new parking lot. In the meantime, officials were actually considering utilizing the existing structure as a temporary fire station while building and construction of a new facility for the engine company was in progress.Tenants currently stay in two of the systems at the lately marketed triplex. They will be actually eligible for moving assistance "not foreseed to surpass $90,000 each," according to metropolitan area personnel.