.A triplex permitted for purchase last month by the Common council at the edge of Balboa Boulevard and Coronado Street may become a public auto parking lot.The purchase of the residential property at 301 E. Balboa Blvd. belonged to the consent schedule on the Aug. 27 meeting of the City Council, and also got consensual approval. It was sold by Linda and Bobby Hanada for $2.6 thousand, depending on to urban area staff.The whole lot it may be actually converted into would certainly provide the eastern edge of the Balboa Cape, where vehicle parking is actually particularly difficult to discover. People locations for folks because location are actually mostly discovered at the boat dock, one great deal on Palm Street and also restricted street spaces." This auto parking, especially in the course of height summer time requirement, typically carries out certainly not satisfy the car park demands of the area," Newport Coastline Real Estate Supervisor Lauren Wooding Whitlinger filled in a report.The home sold by the Hanada loved ones goes to the same crossway as a property owned by AT&T that Newport Beach authorities would likewise such as to become a parking lot. The area has remained in chats with the telecoms company as well as is awaiting it to move or scale down so a part of the property at 311 E. Balboa can easily also be actually purchased.It's confusing coming from workers documents just how quickly teams might break ground on a new parking lot. Meanwhile, authorities were actually looking at using the existing structure as a temporary station house while development of a new location for the fire department resided in progress.Tenants currently stay in two of the units at the recently offered triplex. They will be actually entitled for relocation support "not expected to exceed $90,000 per unit," depending on to metropolitan area personnel.