.A triplex approved for investment last month by the City board at the section of Balboa Blvd and Coronado Road might become a public 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 board, as well as received unanimous authorization. It was actually sold through Linda and also Bobby Hanada for $2.6 thousand, according to metropolitan area staff.The lot it might be converted into will serve the east edge of the Balboa Cape, where auto parking is actually particularly difficult to find. Public areas for people in that location are actually typically discovered at the pier, one great deal on Hand Street and also limited street rooms." This car park, especially throughout height summer season requirement, typically carries out not satisfy the vehicle parking necessities of the place," Newport Seaside Real Property Manager Lauren Wooding Whitlinger filled in a report.The building marketed due to the Hanada household is at the same intersection as a property owned through AT&T that Newport Seaside officials would certainly also just like to turn into a parking lot. The area has actually resided in chats with the telecoms firm and is actually expecting it to relocate or even scale down so a section of the property at 311 E. Balboa can likewise be purchased.It's uncertain from personnel files just how quickly crews could begin on a new parking area. In the meantime, authorities were considering making use of the existing structure as a temporary station house while building and construction of a brand-new location for the engine company was in progress.Tenants presently stay in 2 of the systems at the recently sold triplex. They will definitely be actually eligible for relocation help "certainly not foreseed to go beyond $90,000 each," depending on to metropolitan area team.