Authorize 26-year lease of Terminal 3 property to T3 Partners
In Plain English
The Port of Richmond will lease Terminal 3 to a private company for restoration and commercial use. The lease generates at least $440,000 per year for the city, with potential for more through revenue sharing. T3 Partners gets 4 options to extend the lease by 10 years each.
Auto-generated summary. Source: official agenda documents.
Votes
Approved the item
7 to 0
Community Discussion
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