12/14/2025
We at JMS are devastated by the Port of Pasco’s untimely decision to terminate our Master Development Agreement for Osprey Pointe. This exciting project was the product of years of collaboration. It promised an exciting mixture of uses along a beautiful 55 acre Port owned parcel on the banks of the Columbia River. The development survived Covid, regulatory and code changes, rezoning, cultural studies, SEPA reviews, traffic studies and numerous changes to the design of the offsite sewer and water necessary to serve the project. Major staff and management changes at the city and the Port complicated these processes. After years of time, and a financial investment in the millions, we were at the doorsteps of realizing on the Port’s vision. A permit had been issued, shovels were ready and cash was in hand for the first three projects in a phased development to occur over some 10 years. We believe the Port’s untimely termination was improper, inconsistent with our agreement, and lacking in good faith and fair dealing. We intend to explore all options and will have no further comments at this time.
