The Columbia River borders Pasco, Washington, site of a new development.The city of Pasco will be the site of a new 52-acre development along the Columbia River. When completed, the Osprey Pointe project will feature a food and wine hall, boutique hotel, culinary education center and open spaces that can host events, festivals and amphitheater concerts. The $52 million project is the brainchild of Eaty Gourmet LLC.

One of the exciting aspects of the Osprey Pointe project is that it is being built on one of Washington’s 139 Opportunity Zones. Opportunity Zones is a new federal economic development program designed to entice investment in low-income areas by offering federal tax incentives to investors.

The site is owned by the Port of Pasco, which signed a letter of intent with Eaty Gourmet. The company plans to complete phase one in 2022.

Eaty Gourmet also has inked a memorandum of understanding with Washington State University Tri-Cities “to explore options for offering training and learning opportunities for businesses and the community at large.”

“The Port Commission has always believed that Osprey Pointe is a special place to create investment and opportunity in Pasco. The Eaty Gourmet group gets that,” Port Commission President Jean Ryckman says. “The vision they presented will accelerate revitalization and create national interest and prestige.”

Read more about the Osprey Pointe project.