Home Page
Low Graphics Version
About UsHarbor CommissionFinanceTradeEnvironmentCommunityContact UsHow Do I Find...
Home > News > News DetailsE-mail storyPrint friendly format

News Details


Port's Tidelands Transfer a Record $20 Million

Funding used for Long Beach beachfront improvements, coastal operations

September 11, 2018

 

The Long Beach City Council recently approved a $982 million budget for the Harbor Department for fiscal year 2019 that includes a record transfer of almost $20 million to the City of Long Beach Tidelands Operating Fund. The money supports quality-of-life projects along Long Beach’s 7-mile coastline that have improved shoreline safety, cleanliness, water quality, facilities and other amenities.

“The Harbor Department is proud to see this funding used for projects along the coast that are enjoyed by so many residents and visitors to our city,” said Board of Harbor Commissioners President Tracy Egoscue. “When the Board sees bicyclists heading over to the Queen Mary from Downtown on the Queensway Bike Path, or hears about the progress of the Colorado Lagoon restoration, we are proud the Port played a role in making those and the other projects happen.”

“To our business partners, the Port is known for delivering their cargo fast, efficiently and at a cost that makes sense for them,” said Port of Long Beach Executive Director Mario Cordero. “But we’re also keenly aware we have another important constituency we serve, the residents of our city. One of the ways we do that is by contributing to the Tidelands Fund. The Port of Long Beach will continue to be a dependable source of revenue for these vital improvements.”

For the five most recent years including the fiscal year 2019 budget, the Harbor Department will have transferred a total of $94.3 million to the city’s Tidelands Fund, as authorized by the City Charter.

In addition to the restoration of the natural habitat at the Colorado Lagoon and the improvements to the bike path leading into the Queen Mary area, the City’s Tidelands Fund has paid for many projects including the 3.1-mile Shoreline Walking Path next to the bike path along the coast. The path was used by 1.2 million people in 2016. Other projects include a new accessible ramp and safety signs at Alamitos Bay, and an effort to build or upgrade 13 restrooms and renovate nine parking lots at City beaches.
 
Prior to 2010, the Port’s Tidelands Transfer was based on 10 percent of the increase in its net assets. With the voters’ approval of Measure D in November 2010, the formula changed to 5 percent of the Harbor Department’s gross operating revenue. Learn more at the City Auditor’s website.

For more information about the Harbor Department’s budget, click here.

About UsHarbor CommissionFinanceTradeEnvironmentCommunityContact UsHow Do I Find...
 Civica A Granicus Company