name   천일그룹  tel   0231441001
date   2023-05-09 E-mail
title   LA Harbor Commission Approves Update to Public Acc

The Los Angeles Harbor Commission has approved an update to the Port
of Los Angeles’ Public Access Investment Plan (PAIP), budgetary
guidelines that direct the development and operations of the LA
Waterfront. The newly adopted plan updates the original version
created in 2015.

The updated PAIP allocates a minimum of 10% of the Port’s annual
operating income to fund LA Waterfront public access projects and
additionally continues funding the Port’s commitment to LA
Waterfront operations, maintenance, and programming. Initially
projected in 2015 to raise $200 million in revenue for LA Waterfront
public access projects over 10 years, projected funds available under
the PAIP have since increased to $262 million as a result of
increased cargo volume. Since initiation of the plan in 2015, the
Port has committed $253 million to projects that have been completed
or are currently in the design or construction process.

“The Port of L.A. is the busiest container port in the Western
Hemisphere, which creates good jobs and economic activity, but also
results in impacts on the local communities that surround the Port.
That is why it is equitable and imperative to guarantee the
surrounding neighborhoods a source of funds in the Port’s budget and
a greater say in the projects that will create a thriving and livable
environment along the waterfront,” said Councilmember Tim McOsker.
“With this updated plan, we will now have a community-driven process
and steady allocation of funding for projects to increase opportunity
and access to the water for everyone in the One-Five, the region, and
the City.”

“When our Port does well, our community benefits, and that’s a win-
win for all,” said Los Angeles Harbor Commissioner Anthony Pirozzi,
Jr. “I am incredibly proud of all the LA Waterfront projects that
have been made possible under the Public Access Investment Plan.
Today’s update solidifies the success and importance of the plan by
making it part of the annual budgeting process and ensuring that
waterfront development projects continue well into the future!"

“The Port’s Public Investment Plan has helped to further accelerate
waterfront development in Wilmington, answering the call from our
community,” said Harbor Commissioner Lucia Moreno-Linares.
“Advancing projects along the Wilmington Waterfront helps to
transform our waterside community and demonstrates the Port’s
continued commitment to all of our neighbors.”

The updated plan approved by the board aligns PAIP project planning
with the annual budget process which includes future planning under
the Port’s five-year capital improvement program. Future project
prioritization continues to be built on direct engagement with local
San Pedro and Wilmington communities. The community participation
component will be led by Councilmember McOsker’s office in
coordination with the Port of Los Angeles.

Created to implement a long-term capital planning process for public
access projects that was transparent to the community, predictable to
private sector investors and sustainable financially while committing
to long term maintenance, programming and activation of the LA
Waterfront, the PAIP was the result of broad public outreach and
community input. Following implementation, the PAIP served as the
catalyst to propel the Port towards $1 billion in total investment in
the LA Waterfront from 2005 to 2025.

Signature PAIP projects recently completed in San Pedro include the
Town Square and Promenade Phase I, and the reconfigurations of both
Harbor Blvd. and 7th Street, as well as Harbor Blvd. and Miner

Other key PAIP projects in various stages of development include the
West Harbor Promenade Phase II in San Pedro; Wilmington Waterfront
Promenade; and Avalon Promenade and Gateway Project Phases I and II
in Wilmington.

Implementation of the PAIP and its guidelines will continue to be
subject to review by the Board of Harbor Commissioners through the
annual budget process.
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