Costly repairs could make an East Bay port an economic engine'

"Failing beams, missing and damaged timber, sagging slabs and gaping holes in pavement have all been identified at the Point Potrero Marine Terminal, one of five city-owned terminals located along the San Francisco Bay. Repairing that damage is estimated to cost $228 million over a period of 10 years, according to an assessment by infrastructure advisory firm Moffatt & Nichol."

"The study, presented to the City Council on Tuesday, is a building block toward completing a specific plan for the port that would envision a stronger maritime industry in Richmond. The port can be an economic engine for the city but we need to have that plan so we can start really getting into implementing that plan, so we can start having the revenue we can get for having such an asset like the port, said Councilmember Claudia Jimenez."

Point Potrero Marine Terminal shows failing beams, missing and damaged timber, sagging slabs and large pavement holes. An assessment by Moffatt & Nichol estimates $228 million in repairs over ten years, divided into 11 projects with varying urgency. Much of the port infrastructure dates to the 1940s Kaiser shipyards. Current port operations generate about $13 million in revenue, mainly from property leases, which supports operations, employee salaries and capital repairs. Port activity contributes tax revenue and job creation to the city. Nearly all marine facilities are leased, with opportunities for new tenants as contracts turn over.

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