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The Issaquah Press
Issaquah, Washington
December 23, 2009     The Issaquah Press
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December 23, 2009

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A8 WEDNESDAY 9 DECEMBER 23 2009 THE ISSAQUAH PRESS Park Pointe FROM PAGE A1 Wellington based in Calgary, Alberta -- filed for bankruptcy protection Nov. 2 as the company worked to restructure a loan from Seattle-based Regal Financial Bank. The developer failed to make payments on a loan and in June defaulted on nearly $12 mil- lion. Wellington is a subsidiary of Triple 5 Worldwide, a multination- al real-estate development outfit with Las Vegas and Edmonton, Alberta, offices. The bankruptcy renewed atten- tion on the long-planned project more than a year after city offi- cials proposed a complex develop- ment-rights swap to preserve the Park Pointe property. The pro- posed deal and environmental reports related to the project also drew attention from city resi- dents. Officials decided in 2004 to change the Park Pointe land-use designation from urban village -- a setting similar to the Issaquah Highlands and Talus to low- density residential. The switch allowed the city to SE EVANS ST ISSAQUAH HIGH SCHOOL limit density and prohibit com- mercial buildings. Officials made the change to prevent develop- WEST TIGER MOUNTAIN NATURAL RESOURCE .... I CONSERVATION AREA ment in sensitive areas, such as steep slopes and areas critical to the Lower Issaquah Valley Aquifer, a source of city drinking water. ','They took away the urban vil- lage from us and we had to redo our plans to the current type plan we have now, Slater said. A City Council decision last year to cancel the planned Southeast Bypass across Tiger Mountain marked another setback for Park eointe. The long-planned roadway -- misidentified,by Slater at the hearing as 'the Northwest Bypass" -- would have served the development. Plans presented by the develop- er show Park eointe with 251 units or 344 units. Under the first option, 251 residential units 121 single-family attached units and 130 multifamily units -- would be built on 14 acres of the lower slope. The larger option would include 59 single-family detached, 145 single-family attached and 140 multifamily units spread across the lower slope and a higher bench on the mountainside. Meanwhile, city officials hope to facilitate a development-rights transfer to keep Park Pointe unde- veloped. The transfer of develop- ment rights between the Park eointe developer and highlands developer Port Blakely Communities would leave Park Pointe untouched; additional houses Would be built near the highlands instead. The swap would require the county to extend the urban growth bound- ary to allow development. Karen Wolf, the county manager of strategic planning and policy, described the effort to preserve Park eointe as "a once-in-a-life- time opportunity." "The county is very supportive of the city in their efforts to add Park Pointe to the open space net- work," Wolf said. But the process could be lengthy, she said, because the transfer includes several players. Slater said the property was val- ued at $29 million; he said the appraisal was completed "proba- bly within the last two years." The fmal environmental report was released Oct. 30, a week ahead of a scheduled foreclosure auction. Wellington entered Chapter 11 days later. Consultants hired by the developer prepared the defini- tive environmental impact state- ment to address concerns about storm water runoff from Park eointe, and answer questions about whether vehicles would clog roads near the develop- ment. Warren Kagarise: 392-6434, ext. 234, or wkagarise@isspress.com. Comment at www. issaquahpress, com. Free preschool opportunity for Issaquah families Parents of preschool-aged chil- dren in the Issaquah School District can apply for free early childhood classes. District officials are asking for applications from parents with typically developing children to participate in their Early Childhood Education classrooms, which serve children with special needs. The classes pair children with special needs and typically developing children together to learn from one another. In each classroom, there may be up to 12 children with special needs and at least three children who are typically developing. According to district officials, research shows this type of class- room environment encourages devel- opment of both types of children. To participate, students must be at least 3 years old by April 15. Applications are due by Feb. 24. Parents can pick up applications and information at: Apollo Elementary School: 15025 S.E. ll7th St., Renton Discovery Elementary School: 2300 228th Ave. S.E., Sammamish Sunset Elementary School: 4229 W. Lake Sammamish Parkway, Bellevue i!ii!ilil iii!iii:iiiiiiiiiill !!iiiii! iii!i ii'!!i!iiiii!!iiii IIII!I!I   : :::/:i:7:ii; iiii i!iii[ii ,i iii )iiiiii II J IB IB It Ill In II II Ill 81 Iii II III " I ::iii!iiNO  "  [)Open Christmas , Joinmk,rourWlE,lilhYSPlCl&i,$1 h   Ui; INwrk rilb :' : : ': i ] CASCADE GARDEN " " " " " 425-391-9597  Night Footbell 1580 NW Gilman Blvd., Issaquah Q O . www.cascadegarden.com 425392.4547 Hours. M.Th ll&30pm. Fri ll.10pm. Sat lh30-10pm. Sm lh30-9:30pm  1315 MW Mall St issaquah REST Ring in the New Year A fabulous meal at In aal"t to our relar menu tfiree course Reservations 120 NW 425.392.5550 } Sip in the New )'ear! Great fhh : * Gener, ms Portions * Fresh baked in-house thsserts Special 3 Course New Year's Eve Menu Available comes with complimentary champagne pour Seattle Gig Harbor Issacluoh Wine pairings available with dinner Festivities start at 4:30 PM, open until I AM 425.369.1181 1084 NE Park Drive* Issaquah www, siprestaurant,com Follow us on Facebook & Twitter I I I III III "Buon Natale" Lombardi's Neighborhood Italian Christmas I I I I Ill I Illllllllllll IlllllllllllllllIHllll December 24th Christmas Eve Dinner Dinner served j%m 3:30 to 9:00 A Lombardi's annual family tradition December 31st New Year's Eve Celebrate with Jiends at your favorite Italian Restaurant 0000LOMBARDI'S neighborhood italian ISSAQUAH Your .Fam00y's Holiday G0000ther,ng Place l00slu'ng )10 u a Jo yo us I HolidaySeason Happy Holidays from our family to yours! 7 ,": I senior disco.unts I  -=.-_ Mealom Shopping Cester On M0n. - Sat. 6am Sun. 7am-m i  [] (next to OFC) 425.391.9690 " 1580 N.W. Gilman Blvd. Where It's Neve__A Too Late For Breakfast!  40 E. Sunset Way, Issaquah 425.392.5678 Established in Original "Andy's"