.A triplex authorized for purchase last month by the City Council at the section of Balboa Blvd and also Coronado Road may become a public auto parking lot.The acquisition of the home at 301 E. Balboa Blvd. belonged to the consent calendar on the Aug. 27 meeting of the Common council, as well as received consentaneous permission. It was offered through Linda and Bobby Hanada for $2.6 thousand, according to area staff.The great deal it might be converted into would serve the eastern side of the Balboa Headland, where car parking is actually specifically difficult to discover. Community locations for folks during that area are actually typically found at the boat dock, one whole lot on Palm Street and also restricted street rooms." This vehicle parking, specifically throughout top summertime requirement, often carries out certainly not satisfy the car parking demands of the area," Newport Beach Real Property Administrator Lauren Wooding Whitlinger recorded a report.The residential or commercial property marketed by the Hanada household is at the exact same intersection as a building had through AT&T that Newport Seaside representatives will additionally just like to develop into a parking area. The area has actually been in speaks with the telecommunications firm and also is actually waiting on it to relocate or scale down therefore a portion of the residential property at 311 E. Balboa can likewise be actually purchased.It's not clear from staff reports just how very soon teams could break ground on a brand new car park. In the meantime, officials were actually considering using the existing building as a short-lived station house while development of a new center for the fire department was in progress.Tenants presently stay in 2 of the systems at the recently sold triplex. They are going to be actually eligible for relocation aid "certainly not expected to surpass $90,000 each," depending on to urban area staff.