LONG BEACH, CA-The Long Beach Board of Harbor Commissioners recently approved a $942-million budget for fiscal year 2013. The 12% increase over the past year includes an investment in infrastructure modernization, according to the Port.
Port executive director J. Christopher Lytle says in a prepared statement that while the overall Port budget has increased because of infrastructure investments; it also “reflects a prudent, fiscally responsible approach.” He adds that “it is imperative that the Port operate cost efficiently while investing heavily in the future.”
“We are consciously changing our mindset to one of frugality,” Lytle says. “We are trying to be smarter about all different aspects of what we do in our spending and our budget.”
The new budget includes $720 million in capital spending, a 14% increase over fiscal year 2012, from October 1 through September 30. The growth in capital investment comes mainly from two large construction projects that have already begun at the Port: the Middle Harbor Terminal Project and preliminary work for the replacement of the Gerald Desmond Bridge.
Over the next decade, the Port plans to spend $4.4 billion to modernize its facilities, including Middle Harbor, which “will be one of the greenest and most technologically advanced container terminals in the world,” according to the Port. “The projects will add thousands of construction jobs and tens of thousands of permanent jobs to Long Beach and the region.”
The 2013 budget includes $104 million in environmental infrastructure projects and other programs aimed at improving air and water quality, and cleaning soil and undersea sediments. The budget also adds 25 new positions at the Port, mainly to support the increased construction activity.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
