Everett To Acquire Smith Street Property

The City of Everett plans to purchase four+ acres of Smith Street property. The land stretches from Everett Station to an area south and east of the Everett Gospel Mission. According to the briefing papers to the Everett City Council the land will be used as a bus barn. In addition part of the land may be available as additional parking for Sound Transit. The city has told the owner of the Smith Street properties that if the proposed purchase and sale agreement does not go through by the end of the year the city will condemn the property and use eminent domain. Right now the agreement calls for the City to pay $4 million dollars plus closing costs. There is a 90 day due diligence period to assess the environmental condition of the land. The land is west of the railroad tracks but does not include the Hansen’s Towing properties.