.A triplex approved for purchase final month due to the City Council at the corner of Balboa Blvd and Coronado Road might end up being a public car parking lot.The purchase of the property at 301 E. Balboa Blvd. was part of the permission calendar on the Aug. 27 conference of the City board, as well as got consensual confirmation. It was actually sold by Linda and Bobby Hanada for $2.6 million, depending on to urban area staff.The great deal it may be actually converted into would offer the east side of the Balboa Peninsula, where vehicle parking is especially challenging to find. People locations for individuals because place are primarily found at the boat dock, one great deal on Palm Road and also minimal road areas." This vehicle parking, particularly throughout peak summer season need, typically carries out certainly not fulfill the auto parking needs of the area," Newport Seaside Real Property Administrator Lauren Wooding Whitlinger recorded a report.The property offered due to the Hanada family members is at the same intersection as a property owned by AT&T that Newport Seashore authorities would likewise such as to develop into a parking area. The metropolitan area has remained in chats with the telecommunications company and is actually expecting it to move or scale down so a portion of the property at 311 E. Balboa can easily likewise be purchased.It's not clear coming from workers reports how soon crews might break ground on a new parking lot. For the time being, officials were actually considering utilizing the existing structure as a short-term fire station while building and construction of a brand new location for the fire department remained in progress.Tenants currently reside in two of the units at the lately offered triplex. They will be qualified for moving aid "certainly not foreseed to go beyond $90,000 per unit," according to metropolitan area team.