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

  • 📰 ladailynews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 59%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

The fund, which benefits various projects in San Pedro and Wilmington, is set to end in 2025.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 332. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

San Diego company helping Ukrainian employees stuck here and in war zoneFor the more than 30 employees of Blueboard who are based in Ukraine, the reality on the ground is dangerous and uncertain.
Source: KPBSnews - 🏆 240. / 63 Read more »