Posted by who pays, a resident of another community, on Jul 17, 2012 at 12:39 pm

$13.9M to support one visit a week (74 last year compared to 2,121 at the Port of Oakland, though Oakland is a container port and RC is for bulk goods). With muni bonds at about 4%, that would be about $550K a year financing costs, or $10K a week as a rough estimate, plus operating costs. Any idea:

1) what revenues result from a ship visit, and who receives them?

2) who is paying for this upgrade?

Posted by john, a resident of the Woodside: other neighborhood, on Jul 17, 2012 at 4:40 pm

With global warming expected in increase the sea level 1Meter by 2100, please plan for that in the port's modernization plans. I like this idea.

Posted by neighbor, a resident of another community, on Jul 17, 2012 at 7:20 pm

This project is going to happen -- it starts next month. I think it's great that the harbor area will get fixed up. I hope that the long-hoped-for RWC-SF ferry will be implemented and that a redesigned saltworks development gets started soon too.

Posted by port observer, a resident of the Portola Valley: Ladera neighborhood, on Jul 23, 2012 at 10:24 am

sounds like a good deal when you compare it to the 35 million for the South San Francisco Ferry terminal that serves less than 300 people per day.