.A triplex authorized for purchase last month by the City board at the edge of Balboa Blvd and also Coronado Road may end up being a public vehicle parking lot.The purchase of the residential or commercial property at 301 E. Balboa Blvd. was part of the consent schedule on the Aug. 27 appointment of the City board, as well as got unanimous approval. It was actually offered by Linda as well as Bobby Hanada for $2.6 million, depending on to city staff.The great deal it might be actually exchanged would offer the eastern side of the Balboa Headland, where car park is particularly difficult to find. Public spots for people during that location are actually mainly found at the pier, one great deal on Hand Road as well as limited road rooms." This parking, particularly during the course of peak summer season requirement, frequently performs certainly not satisfy the parking necessities of the location," Newport Seaside Real Estate Manager Lauren Wooding Whitlinger filled in a report.The residential property offered by the Hanada family members goes to the exact same crossway as a structure possessed through AT&T that Newport Beach authorities would likewise such as to become a car park. The area has actually remained in speaks with the telecoms firm as well as is actually expecting it to move or scale down therefore a part of the property at 311 E. Balboa can additionally be purchased.It's unclear coming from staff files how soon teams might break ground on a brand new parking area. Meanwhile, authorities were actually thinking about utilizing the existing property as a brief fire station while construction of a new center for the engine company resided in progress.Tenants currently stay in two of the units at the lately offered triplex. They will be actually qualified for moving assistance "certainly not anticipated to go beyond $90,000 each," according to area team.