Photo pulled from city of Covington Facebook 
                                Covington Mayor Jeff Wagner and City Manager Regan Bolli visit Gov. Jay Inslee on may 9 while Inslee signed HB 1366.

Photo pulled from city of Covington Facebook Covington Mayor Jeff Wagner and City Manager Regan Bolli visit Gov. Jay Inslee on may 9 while Inslee signed HB 1366.

House bill paves the way for Lakepointe Property project

Covington mayor says new taxing district will support future roads

Thanks to a house bill signed by the governor, the City of Covington is able to create a new district which will feature hotels, restaurants and a man-made lake.

Gov. Jay Inslee signed House Bill 1366 on May 7, which allows the creation of a community facility district.

A community facility district is a special taxing district that provides a way for developers to use their property as collateral to support the construction of an even wider range of improvements such as roads, stormwater facilities, park improvements, traffic lights or even libraries and schools.

Covington Mayor Jeff Wagner said the taxing district being created in Covington will be located at the LakePointe Property, which is a 214 acres of property that will be transformed into 850,000 square feet of retail space and more than 1,500 residential units in the process of being built by Oakpointe.

He also said the project is set to include two upper scale hotels, a peninsula, several sit down restaurants and a man made lake, which will be fed through Jenkins Creek.

LakePointe will be located at 18808 SE 256th St. in Covington, which is where Lakeside Industries is located.

Oakpointe is a real estate development and community development company, according to the company’s website.

Wagner said HB 1366 is important for this project because it is going to help build roads that will be needed within the LakePointe property.

To start development on LakePointe the city will begin with the Covington Connector project, which is a $50 million construction project, which will connect Southeast 256th Street at the State Route 18 on and off ramps to State Route 516 along the existing corridor.

“It’ll be another bypass through downtown Covington drawing people into the Lakepointe property,” Wagner said.

Wagner believes there will be a bid for the connecter this fall.

Construction for the project has already started though, Wagner said, and as of right now they are reclaiming dirt in order to build the connector.

“Once the road get developed and built, then they’ll start on commercial,” Wagner said. “So I would say within three years you’ll start seeing hopefully commercial, if not sooner. And then the housing units would follow.”

This project is estimated to take anywhere between five to 10 years.

The next steps for the LakePointe development is to create a five member board that will decide taxing within the district.

Wagner is unsure when the board will be created.

For more information about the LakePointe development, go to covingtonwa.gov/lakepointe/.

More in News

Left to right, Ken Beckman, Aaron Beckman, Grant Beckman, Howard Elliot Neely and Jane Neely Beckman. Howard was the then-93-year-old grandson of Aaron Neely, Sr., who built the house. Photo by Karen Meador
Neely Mansion celebrates its 125th

Make sure to visit the nationally-recognized historical home on June 22.

Tasting room proposal could redefine alcohol production in King County

Pilot program would benefit wineries, breweries and distilleries. Several farmers are concerned.

Community dreams about new downtown Maple Valley

City wonders how to build a downtown with an enriched atmosphere

Submitted photo from King County Council. 
                                Dave Lutes holds the proclamation from the King County Council declaring June 7 as ‘Dave Lutes Day’ with Amy Erickson and Holly Potts with the Kent School District.
He spent over 40 years in education, so the county gave him a day

After 42 years of working in the Kent School District, David Lutes decided to retire

Submitted photo 
                                Pictured left to right: Karen Martin, Primo Voce instructor and Kent Elementary Music Specialist; Nelli Southwick, Covington Elementary; Sophia Dermody, Sunrise Elementary; Elizabeth Ollom, Martin Sortun Elementary; Dennis Mottern, Covington Elementary; Isabelle Paxton, Sunrise Elementary; Irene Biju, Sherwood Forest Elementary, FWSD; Holly Johnson, Maple Valley homeschool; and Taylor Roy, Lake Youngs Elementary. Not pictured is Latin Wombles,Grass Lake Elementary.
Rainer Youth Choirs’ Primo Voce wins first

Covington-based Rainier Youth Choirs’ youngest ensemble won the top award at the… Continue reading

“Don’t give up hope” student essay winner says

Crestwood Elementary School student wins Holocaust essay contest

Photo courtesy of Kentlake High School. 
                                Kentlake High School’s graduating class of 2019.
Let’s hear it for the graduates

Congratulations to all of our graduating seniors from Kentwood, Kentlake and Tahoma… Continue reading

Coving-coving- Convington Chameleon needs a name

City asks residents to help name new ambassador

A park survey icon created by the City of Maple Valley.
Maple Valley offers parks survey

City wishes to meet families’ needs for parks

Most Read