.A triplex accepted for purchase last month by the City Council at the edge of Balboa Blvd and Coronado Road may end up being a public vehicle parking lot.The acquisition of the residential property at 301 E. Balboa Blvd. was part of the consent schedule on the Aug. 27 conference of the City Council, and also acquired consensual approval. It was actually offered by Linda as well as Bobby Hanada for $2.6 thousand, according to city staff.The lot it might be actually converted into would offer the eastern side of the Balboa Peninsula, where parking is especially difficult to locate. People spots for people during that area are actually usually discovered at the pier, one great deal on Palm Street and also limited road spaces." This parking, especially throughout height summertime need, commonly carries out not satisfy the car parking requirements of the location," Newport Seashore Real Property Administrator Lauren Wooding Whitlinger recorded a report.The property offered due to the Hanada loved ones is at the same crossway as a building had through AT&T that Newport Beach front authorities will likewise like to turn into a car park. The metropolitan area has actually resided in chats with the telecoms company and is actually awaiting it to relocate or scale down therefore a section of the building at 311 E. Balboa may likewise be purchased.It's vague from personnel files exactly how soon teams may begin on a brand new parking lot. For the time being, representatives were actually thinking about making use of the existing building as a short-term fire station while building of a brand-new center for the engine company remained in progress.Tenants currently live in 2 of the units at the recently marketed triplex. They will certainly be actually entitled for relocation support "not anticipated to go beyond $90,000 each," according to area personnel.