CORRECTED Pier Side: Debt refinancing tops Thursday's commission agenda

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Pier Side e-newsletter

July 17, 2017

In this issue:

Debt refinancing tops Thursday’s commission agenda

Commissioners will consider a proposal at Thursday's meeting to refinance up to $21.5 million in debt to save money.

Commissioners will also hear updates on the 2018 budget process and potential business plans for the former Kaiser site.

The meeting starts at noon on July, 20. See the full agenda. Commission meetings are held in Room 104 of the Fabulich Center, 3600 Port of Tacoma Road. Meetings are streamed live.

Pile driving starts again at Husky Terminal

Pile driving will resume July 18 for improvements to Husky Terminal when the annual February-to-July fish migration season closes.

Pile driving at the northwest end of the Blair Waterway is expected to occur during regular construction hours of 7 a.m. to 9 p.m. weekdays and 9 a.m. to 9 p.m. Saturdays.

The Pier 4 work is part of $250 million in terminal improvements that began in September 2016 on Tacoma’s General Central Peninsula. Upgrades include strengthening and realigning a berth and adding eight new super-post-Panamax cranes capable of serving two 18,000-TEU container ships at the same time.

Learn more about the project.

First tenant for Prologis Park: UPS to occupy Prologis warehouse

United Parcel Service (UPS) will lease a 770,000 square-foot warehouse located just off I-509 near Fife. The warehouse is on land owned by the Port of Tacoma and leased to Prologis, a San Francisco-based developer. Known as Prologis Park, the development is on about 80 acres of port land. In total, Prologis plans to develop three warehouses on the land.

Prologis has a 50-year lease with the Port of Tacoma, with an option for a 25-year extension. At the end of the lease, the buildings revert to the port.

The UPS facility is scheduled for completion this fall and will employ between 800 and 1,200 people. UPS also plans to keep operating at its current facility in Fife.

Maintenance team inspects crane paint and welding on its second trip to China

Crane

Port of Tacoma employees recently returned from a second inspection trip to China, where The Northwest Seaport Alliance’s new super post-Panamax container cranes are being built by Shanghai Zhenhua Heavy Industries Company Limited (ZPMC).

The group included Maintenance Project Manager Joe Caldwell, mechanics Dax Koho and Don Olsen, electrician Bruce Koch and crane consultant Gregg Andrus. During the week-long trip in June, the team inspected the fabrication process, including the paint and welding on the cranes. Once completed, these structures will be capable of serving ultra-large container vessels with an outreach of 24 containers and a lift height of 165 feet above the pier deck.

Caldwell, who’s coordinating the crane inspection, said the trip has been vital for his team to identify any concerns before the structures are assembled and erected.

“It was beneficial for us to see firsthand how these cranes are built,” he said. “We plan on making several more trips back to China to track the progress before the cranes are ready for delivery to Port of Tacoma.”

At their June meeting, The Northwest Seaport Alliance Managing Members approved a $52 million purchase of four more container cranes for Husky Terminal in the South Harbor.

The first four cranes are estimated to be completed in 2018. The four additional cranes will arrive in 2019.

Crowds turn out for 38th annual boat tours

Nearly 1,000 people participated in the Port of Tacoma’s annual boat tours last weekend. The one-hour tours provided Pierce County residents with a fun way to learn about the maritime activities that are a part of daily life on a working waterfront.

The port also offers monthly bus tours. Find out more.

tours