.A triplex approved for acquisition last month by the Common council at the section of Balboa Blvd and also Coronado Road may become a public auto parking lot.The investment of the residential property at 301 E. Balboa Blvd. belonged to the approval calendar on the Aug. 27 meeting of the City board, as well as got consentaneous approval. It was actually marketed by Linda as well as Bobby Hanada for $2.6 thousand, depending on to city staff.The whole lot it may be converted into would provide the east side of the Balboa Peninsula, where car park is actually especially difficult to discover. People locations for people because location are primarily found at the pier, one great deal on Palm Road and also minimal road spaces." This car park, specifically in the course of peak summertime need, often does not satisfy the parking needs of the place," Newport Coastline Real Property Supervisor Lauren Wooding Whitlinger recorded a report.The residential or commercial property marketed due to the Hanada family goes to the same intersection as a building had through AT&T that Newport Seaside authorities will additionally like to develop into a car park. The metropolitan area has actually been in talks with the telecommunications firm as well as is awaiting it to transfer or downsize thus a section of the residential or commercial property at 311 E. Balboa may likewise be actually purchased.It's unclear coming from staff records how quickly teams may break ground on a brand-new parking lot. Meanwhile, representatives were actually taking into consideration using the existing structure as a short-term fire station while building and construction of a brand-new resource for the fire department was in progress.Tenants currently live in 2 of the units at the lately offered triplex. They are going to be actually eligible for moving support "certainly not expected to go over $90,000 each," according to area personnel.