San Pedro business group pushes Port of LA to make waterfront investment fund permanent

A 10-year Port of Los Angeles policy that’s provided millions of dollars to create parks, fountains and waterfront promenades in San Pedro and Wilmington should be made a permanent fixture in the port’s budget, supporters say.

The program, passed in 2015, dedicates 10% of the port’s operating income to invest in waterfront projects designed to improve community access. Over that time, it is estimated, the program will provide $233.7 million to the various projects.In September, the port awarded some $4 million to new waterfront access projects — though the allocation came later and was lower than expected.

“This would be the opportune time to make it permanent,” said PBID board member Alan Johnson, who made the proposal. The board approved Johnson’s motion to write a letter in support of making the policy permanent, adding its voice to similar support already expressed among other community groups.

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