| Port of Los Angeles Adopts 2008-2009 Fiscal Year Budget |
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Page 2 of 2 Green Expenditures Included in this adopted budget are several “green” initiatives: * Numerous environmental mitigation features integrated into the TraPac terminal expansion project ($18.2 million). More than $17 million is included in the FY 2008-2009 budget for community outreach efforts which include Port-funded educational programs, in-school curricula, youth sailing programs, local and regional chamber programs and rent-free agreements with local non-profit organizations. In the coming year, the Port will continue to beautify and develop the Wilmington and San Pedro segments of the LA Waterfront at a budgeted cost of $67.4 million. Wilmington waterfront projects slated for the coming fiscal year include the start of construction on the Harry Bridges Boulevard Buffer and the Avalon Triangle Park. Design continues on the Avalon Boulevard Corridor North and South piers, public open space, pedestrian bridge, streetscape and infrastructure improvements. San Pedro waterfront improvements over the next year include the start of construction of Carbillo Way Marina, enhancements at Cabrillo Beach, 22nd Street Landing, 22nd Street and Sampson Way parking area, Downtown Plaza and S.P. Slip, as well as the demolition of above-ground structures at the former Westway Terminal. Additionally, more than $9.1 million has been budgeted for improvements to surface streets in and around the Port in the Wilmington and San Pedro areas. The Port of Los Angeles, also known as “America’s Port,” has a strong commitment to developing innovative strategic and sustainable operations that benefit the economy and the quality of life for the region and the nation it serves. A recipient of numerous environmental awards, including the U.S. Environmental Protection Agency's 2007 Clean Air Excellence Award, the Port of Los Angeles is committed to innovating cleaner, greener ways of doing business. As the leading seaport in North America in terms of shipping container volume and cargo value, the Port generates 919,000 regional jobs and $39.1 billion in annual wages and tax revenues. A proprietary department of the City of Los Angeles, the Port is self-supporting and does not receive taxpayer dollars. The Port of Los Angeles - A cleaner port. A brighter future. |