14 • Apr. 22 - May 5, 2016 • The Log B A TTERIES ®
Cabrillo Boat Shop avoided closure
Boatyard in Long Beach Harbor was allowed to remain in busi- ness despite losing water rights.
PREMIUM AGM BATTERIES By Parimal M. Rohit
LONG BEACH — What was once (almost) lost has been found again. Cabrillo Boat Shop in the Port of Long
Store Hours:
Monday thru Friday 4
8:00 am to 4:30 pm
1725 Monrovia Ave.,sta Mesa, A 92627 Fax 949-722-8046
Port of L.A. gives Wilmington marinas compensation reset, credit
New methodology imple- mented for rent collection; marinas to receive credits to help with improvements.
By Parimal M. Rohit
LOS ANGELES — The recreational boating marinas of Wilmington could use a facelift and revitaliza- tion to improve their overall con- dition and increase demand for slips. To help marinas in the Cerritos Channel make improvements and remain viable the Port of Los Angeles Board of Commissioners approved two resolutions on April 14 to recalibrate how rents are collected and provide marina operators with a credit for pre- approved improvement projects. Each of the nine marinas in the
Cerritos Channel will pay a new rent amount through Oct. 31, 2020. Marina operators would pay the Port of L.A. a minimum rent based on 75 percent of their average annual gross receipts for the previous three years. The port also approved a permit amendment to provide Wilmington’s marinas with as much as a 25 percent rent credit, which would be applied toward funding for improvement proj- ects approved by the board. Both Harbor Department and port tenants have deferred renovations at Wilmington’s nine marinas. Factoring in what port staff stated as a 15 year decline in pleasure boating the nine marinas reportedly experienced an 18 percent decline in revenues between 2005 and 2014. Port of L.A. staff stated the city’s
Harbor Department has not estab- lished a long-term plan for marina
Recreational boating activities in Wilmington have been dwin- dling in recent years, according to the Port of Los Angeles. Marina operators could start improving local infrastructure in an attempt to spur boating interest.
improvements. “As a result, deterioration of the
marinas goes mostly unrectifi ed except for emergency and patch repairs,” port staff stated. Complicating matters was the
Harbor Department’s 2005 “cease work” instruction that caused marina operators to hold off on making any improvements, according to port staff. “Tenants have suspended work on
their projects and waited on the future development plans for the East Basin/ Cerritos Channel,” port staff stated. “Due to dynamic market conditions the Harbor Department has not fi nal- ized a development plan for the East Basin/Cerritos Channel. The tenants have not been instructed to resume the marina improvement projects.” To address declining participation
and marina deterioration the Port of L.A. borrowed a plan from the Port of San Diego. Both ports are working harbors where recreational and com- mercial vessels have to co-exist. “To combat further decaying of physical assets, shrinking revenues to the Harbor Department and its ten- ants, and to allow time to develop a longer term development strategy for the Wilmington marinas, it is proposed
Beach was on the verge of shutting down a few months ago. Today the boatyard remains in business. The Log reported in December 2015 about the potential closure of Cabrillo Boat Shop because its landlord, Tesoro Oil Co., did not renew the boatyard’s water rights adjacent to where the boat service company was located. The lease was set to expire in February.
thelog.com
Parimal M. Rohit photo
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52
