"The City of Oakland signed a development deal for a coal-shipping terminal in 2013, and then backed out over environmental protests. Now that's coming back to haunt them, as legal rulings against their flip-flop could cost the city hundreds of millions. The Port of Oakland is the ninth-busiest port in the United States of America, and an important economic lifeline for the City of Oakland."
"The mess all started in 2013, when the City of Oakland entered a deal with local developer Phil Tagami to build a $250 million shipping terminal on port-adjacent waterfront property that the city owns, which previously was home to the Oakland Army Base. Tagami quickly signed agreements to ship as much as 12 million tons of coal per year out of that port to lucrative Asian markets."
Oakland signed a 2013 agreement with developer Phil Tagami to build a $250 million coal-shipping terminal on former Oakland Army Base waterfront property. Tagami arranged to export up to 12 million tons of coal annually to Asian markets, which would have made the port the largest coal-exporting facility on the West Coast. Local environmental activists formed No Coal in Oakland and successfully pressured the City Council, with support from then-Governor Jerry Brown, to cancel the contract and withdraw from the deal in 2016. Multiple resulting lawsuits have largely gone against the city, exposing it to hundreds of millions in potential payouts that could threaten municipal finances and risk bankruptcy. The Port of Oakland remains a major economic lifeline and frequent focus of regional political conflicts.
Read at sfist.com
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