Developer Scott Thompson addresses Oak Harbor project delays amid housing market concerns

In the heart of Oak Harbor, city officials gathered for a workshop that would address pressing concerns about a significant housing development project. The atmosphere was charged with anticipation as community members and council members alike sought clarity on the future of a proposed residential facility, which has been a topic of discussion for years.

Ed Wilkins, a local resident, was the sole citizen to voice his thoughts during the public comment period. With 16 years of experience living in the area, he expressed cautious optimism about the project, which is strategically located near major retailers like Safeway and Walmart. However, he raised a critical question: Has the project missed its market opportunity amid a potential decline in real estate? Wilkins emphasized the need for the development to progress swiftly to meet the growing demand from seniors in the community.

The developer, Scott Thompson, president of Pacific North Group, responded to the council's inquiries with a mix of frustration and determination. He clarified that he was not initially scheduled to attend the meeting, citing a five-year timeline established by a hearing examiner that would not require his presence until late 2026. Thompson detailed the challenges he faced, including regulatory hurdles and rising construction costs, which have surged by 88% over the past three years. He expressed concern that the current economic climate could hinder the project's viability, stating, "We have to watch what's going to happen."

Thompson's remarks painted a broader picture of the housing market, noting that many homes in Oak Harbor remain unsold, and rental prices have skyrocketed. He argued that the city must recognize the complexities of the development process and the economic factors at play. "This is a high-risk business," he explained, emphasizing the importance of financial reserves to navigate market fluctuations.

As the discussion unfolded, council members sought to understand the implications of the five-year timeline and the potential for the project to adapt to changing market conditions. Thompson reiterated his commitment to the community, stating, "I’m here to be a partner, not your enemy," while urging for a collaborative approach to address the challenges ahead.

The workshop concluded with a sense of urgency, as both residents and officials recognized the need for a balanced approach to development that considers the community's needs and the realities of the housing market. As Oak Harbor looks to the future, the outcome of this project remains uncertain, but the dialogue initiated at this meeting may pave the way for solutions that benefit all stakeholders involved.