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Port Executive Director Ed Galligan said he hopes the port will be able to announce an option agreement with the hotel developer before year's end. An option agreement is a preliminary step in the development process, he said.
This wouldn't be the first time that a hotel operator has shown interest in the port's East Bay site.
Hilton Hotels Corp. has expressed interest in the property in the past and Seattle-based developers, Tarragon, once planned to meet with Olympia city officials to discuss a five-story hotel at the same site. They later postponed those plans for a 232,000-square-foot hotel.
