Anonymous ID: 794835 Feb. 7, 2019, 7:04 p.m. No.5073691   🗄️.is 🔗kun   >>3707 >>3795

>>5073623

Does the Port receive funding from the City of Long Beach?

No. The Port of Long Beach is an enterprise department, meaning it generates its own revenues. It does not receive tax money from the City. It is a "landlord port," meaning it leases its facilities to private companies, such as shipping lines and cargo-handling firms. Those private companies pay rent to the Port. Those leases are the principal source of revenue for the Long Beach Harbor Department.

 

Who owns the Port?

Port lands are owned by the City of Long Beach in trust for the people of the State of California and cannot be sold to any private enterprises. In 1911, the California Legislature approved a Tidelands grant, giving the City of Long Beach the right to manage and develop the Harbor District for the sole purposes of commerce, navigation, fisheries and recreation.

Anonymous ID: 794835 Feb. 7, 2019, 7:08 p.m. No.5073745   🗄️.is 🔗kun

>>5073707

http://www.polb.com/economics/default.asp

http://www.polb.com/finance/investorrelations/bonddisclosure.asp

http://www.polb.com/contact/overseas_reps.asp