.A triplex accepted for acquisition last month by the City board at the edge of Balboa Blvd as well as Coronado Street may end up being a social car parking lot.The acquisition of the property at 301 E. Balboa Blvd. became part of the approval calendar on the Aug. 27 conference of the City board, as well as acquired unanimous approval. It was actually offered by Linda and also Bobby Hanada for $2.6 million, according to area staff.The great deal it might be actually exchanged would certainly serve the east side of the Balboa Headland, where auto parking is especially hard to locate. People places for individuals during that area are actually primarily found at the pier, one lot on Palm Street and also limited road rooms." This auto parking, especially in the course of top summer time need, often does certainly not fulfill the parking necessities of the location," Newport Seashore Real Property Manager Lauren Wooding Whitlinger filled in a report.The property marketed by the Hanada household goes to the very same intersection as a property possessed by AT&T that Newport Seaside officials will also just like to turn into a car park. The area has actually remained in chats along with the telecommunications business and is actually waiting on it to move or scale down so a section of the building at 311 E. Balboa can easily also be purchased.It's unclear from team records just how soon staffs could break ground on a brand-new parking lot. In the meantime, representatives were actually thinking about utilizing the existing building as a short-lived station house while building of a brand-new resource for the engine company remained in progress.Tenants currently reside in two of the units at the lately offered triplex. They will be qualified for relocation aid "not foreseed to exceed $90,000 per unit," according to area workers.