.A triplex approved for acquisition last month by the City board at the edge of Balboa Blvd and Coronado Road might come to be a public vehicle parking lot.The investment of the home at 301 E. Balboa Blvd. was part of the approval calendar on the Aug. 27 conference of the City Council, and also got consensual authorization. It was actually offered through Linda and Bobby Hanada for $2.6 thousand, according to metropolitan area staff.The whole lot it might be exchanged will provide the eastern edge of the Balboa Cape, where auto parking is specifically tough to discover. Community areas for individuals during that area are usually discovered at the boat dock, one lot on Palm Street as well as restricted road areas." This vehicle parking, especially during height summer requirement, usually performs certainly not comply with the vehicle parking requirements of the location," Newport Coastline Real Property Administrator Lauren Wooding Whitlinger wrote in a report.The home marketed due to the Hanada family is at the same junction as a property owned through AT&T that Newport Beach front officials would also like to become a parking lot. The metropolitan area has actually remained in chats along with the telecommunications company as well as is actually waiting for it to move or even scale down so a part of the building at 311 E. Balboa may additionally be purchased.It's not clear from staff files just how quickly workers could begin on a new parking lot. Meanwhile, officials were actually considering using the existing building as a momentary fire station while building of a brand-new center for the fire department resided in progress.Tenants presently live in two of the systems at the just recently sold triplex. They are going to be actually eligible for relocation help "certainly not expected to go over $90,000 per unit," depending on to metropolitan area staff.