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January 31, 2005
On January 25, 2005 the Port of Seattle Port Commissioners voted to purchase the South Tsubota Steel site in Interbay for $6.1 million. While Port Commissioners stated that the strategy of the acquisition was to "develop new economic opportunities for the region and the Port" and "to be a catalyst for regional transportation solutions," it really was purchased so the Port of Seattle could experiment in housing and real estate development.
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