A decision is expected to be made next week on a proposal for the City of Tacoma to sell a parcel of land along Thea Foss Waterway to Pacific Seafood Co. and Johnny’s Seafood Co., which has leased the property for nearly 40 years.

The plan calls for the city to declare the 28,000 square foot parcel surplus property and sell it to Pacific Seafood for $700,000. The property also includes a 7,720 square foot building that serves as the company’s retail and commercial seafood operations hub. Pacific Seafood plans to invest approximately $1.3 million in improvements to the building, including the construction of a new cafe and bistro, according to documents prepared by City of Tacoma staff. As part of the agreement, Pacific Seafood would agree to complete the public waterfront esplanade that fronts the building.

The city-owned property is located at 1199 Dock Street and is managed by the Foss Waterway Development Authority. City council’s community and economic development committee was briefed on the proposal last month.

Tacoma City Council is tentatively scheduled to vote on the issue during its meeting on Tues., Jan. 15 at 5 p.m. in City Council Chambers on the first floor of the Tacoma Municipal Building, located at 747 Market Street. Council meetings are streamed live online at tvtacoma.com and broadcast live on TV Tacoma.

A decision is expected to be made next week on a proposal for the City of Tacoma to sell a parcel of land along Thea Foss Waterway to Pacific Seafood Co. and Johnny’s Seafood Co., which has leased the property for nearly 40 years. (PHOTO BY TODD MATTHEWS)

Johnny’s Seafood Co. has been in Tacoma for nearly 40 years. (PHOTO BY TODD MATTHEWS)