Virginia Port Authority closing in on lease of city-owned Port of Richmond

The Virginia Port Authority expects to have a lease agreement in place with the struggling Port of Richmond by the end of the year, the state agency said Tuesday.

via dailypress.com Peter Frost.

State takeover of Port of Richmond questioned

Two state delegates are questioning why Gov. Bob McDonnell would encourage a state takeover of the struggling Port of Richmond when he’s pushing for privatization of the state’s liquor monopoly.

via timesdispatch.com WILL JONES.

Richmond City Council discusses Port of Richmond options in closed session

Council President Kathy C. Graziano closed the meeting on a motion that cited an exemption of the Virginia Freedom of Information Act related to discussion of the disposition of public property.

The Richmond Times-Dispatch objected, arguing that city auditor reports were inappropriate for discussion in a closed meeting. Graziano said the objection would be noted in the minutes of the meeting. The meeting of the council’s Organizational Development Committee included members of the Port of Richmond Commission and the administration of Mayor Dwight C. Jones.

via timesdispatch.com WILL JONES.

Va. authority, Richmond port to discuss lease plan

Richmond officials are ready to talk about transferring management of the city’s struggling port to the Virginia Port Authority.

via timesdispatch.com WILL JONES.

Developer makes offer for Port of Richmond

Subject to negotiation and a closer review of port assets, Peck said he’s willing to offer “several million” dollars for the property in exchange for a promise to operate it as port. In addition, Peck said he would assume a $1 million city loan approved for the port and would propose to give the city 60 percent of the profits.

The city has assessed the port at $15.1 million, which includes $7.1 million in land and $8 million in buildings and other improvements.

via timesdispatch.com WILL JONES.

State port considers taking over Port of Richmond

The Virginia Port Authority wants to bypass the commission that oversees the Port of Richmond on behalf of the City Council as it pursues talks with Mayor Dwight C. Jones’ administration about a potential takeover of the cash-strapped port.

Richmond’s Future

via timesdispatch.com WILL JONES.

City officials want answers from Port of Richmond

Richmond officials are demanding answers from the city’s port on how the struggling operation will become profitable enough again to repay a public loan of up to $1.5 million.

via timesdispatch.com.

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Port of Richmond – Deep Water

City of Richmond, Virginia

If economic viability as an oceangoing port is lacking, perhaps then there’s a future for the property with a combination of activities that may include, but not be exclusive to, port facilities.  richmondmagazine.com

Port of Richmond – $1.5 million loan to Port of Richmond

City of Richmond, Virginia

JUNE 17, 2010:

Tyler:  “At the end of the day I’m confident that we are going to see this money returned.”

JUNE 28, 2010:

City Council approves $1 million loan.

JULY 30, 2010:

Tyler:  “There’s a long road in front of us with this.”

Port of Richmond – Richmond to put up $1.5 million to save port

City of Richmond, Virginia

The port ended the fiscal year June 30 with a little more than $134,000 in the bank, compared with almost $5.3 million a year earlier.

“We are auditing them as we speak,” Dalal said yesterday, shortly after the commission approved a deal with the city for a $1 million loan and up to $500,000 in additional services or financial aid for the cash-strapped port.  timesdispatch.com