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Operators seek more time and consultation on Port's maritime excursion lease-renewal policy

Port Commission · January 12, 2010
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Summary

Port staff introduced a draft maritime excursion lease-renewal policy; Blue & Gold, Red and White and Hornblower said they received the draft too recently and asked for a roundtable. Staff said policy aims to bring parity and transparency and pledged more outreach before a February decision.

Port staff presented a draft maritime excursion lease-renewal policy designed to standardize how the port considers renewals for maritime excursion tenants, including conditions for term extensions, market-rent review, tenant good-standing, and requirements that capital improvements be completed at tenant expense.

Peter Daly, deputy director of maritime, said the policy aims to "ensure maritime excursion leases are equitably administered, are fairly valued, generate revenues to the port and serve San…

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