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Port staff present $6.1 billion 10‑year capital plan with $2.6 billion funding gap
Summary
Port staff presented a $6.1 billion 10‑year capital plan (FY2026–2035) that includes $2.6 billion in state‑of‑good‑repair needs and a $2.6 billion overall shortfall; commissioners pressed for framing that links capital needs to city economic risk and asked for follow‑up briefings.
Interim Deputy Director of Finance Megan Wallace presented the Port’s 10‑year capital plan to the Commission on Feb. 11, showing an overall program of about $6.1 billion for FY2026–2035 and outlining a substantial funding gap.
Wallace said the plan divides needs into roughly $2.6 billion for state‑of‑good‑repair work and $3.5 billion for enhancements, and that the plan represents roughly a $2 billion increase from the prior plan in part because it…
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