On July 1st, The Port of Oakland quietly issued a long press release announcing its 2011-2012 Budget. The release reports that "revenue from the Port’s aviation, commercial real estate, and maritime businesses has been recovering modestly," but that tenants remained concerned about the overall economy. The Port also explains that it brought $462 million in taxes to the City of Oakland over the last fiscal year, and that it has a $40 million "pipeline" of new projects that will come under the consideration of the Port Of Oakland Board Of Directors. Here's the full press release: For Immediate Release July 1, 2011 Port Of Oakland Adopts 2011-2012 Budget $296.6 Million Budget Represents Port's Aggressive Focus on Business, Competitiveness, Positive Economic Impact, and Environmental Stewardship Oakland, Calif. - July 1, 2011 - The Oakland Board of Port Commissioners just adopted a 2011-2012 fiscal year (FY) operating budget of $296.6 million. This ...
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