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Image of Port Seeks Master Lessee for 168 Acres of Prime Port Property

Port Seeks Master Lessee for 168 Acres of Prime Port Property

Press Releases, Seaport
January 27th, 2009

Press Releases

For Immediate Release
January 27, 2009

Port of Oakland Seeks Master Lessee for 168 Acres of Prime Port Property

Port Issues Update of the Exclusive Right to Negotiate Agreement for Long-Term Master Lease Opportunity

Oakland, CA. - January 27, 2009 — The Port of Oakland released Addendum No. 1 to the Port’s Request for Qualifications (RFQ) issued on January 9, 2009. The Port is soliciting bids for a master lessee for the Port’s portion of the former Oakland Army Base (OAB) and other Port lands and easements. The Port also issued a draft of the Exclusive Right to Negotiate Agreement (ENA) that the Port would enter into with the winning proposer. The ENA and the RFQ Addendum No. 1 are posted on the Port of Oakland’s website.

The bid is for the master operation and maintenance, and long-term design, construction and finance of facilities of approximately 168 acres to support and enhance maritime activity for a term of at least 30 years. Bid submittals must be received by the Port no later than 4:00 P.M. Pacific Time on February 27, 2009. The proposed Master Lease Agreement would begin on or about January 1, 2010.

According to Port Executive Director Omar Benjamin, "This Public Private Partnership has been designed to stimulate new investment in maritime infrastructure while securing a long-term revenue stream for the Port. The new agreement will offer an excellent business opportunity for the selected private partner and incorporate environmental enhancements in our seaport area that will benefit our closest neighbors in West Oakland, the City and the region.”

Port Maritime Director James Kwon stated, “This is unique, prime property that sits in the heart of the seaport next to major marine-container and rail terminals. Our long-term investor will have an exceptional opportunity to promote businesses that support maritime activity including intermodal rail, trade and logistics, and ancillary maritime support facilities.”

The current deadline for submittals is no later than 4:00 P.M. Pacific Time on February 27, 2009 at the Port of Oakland. For information and RFQ details go tp “RFQ Oakland Army Base”.

About the Port of Oakland: The Port of Oakland oversees the Oakland seaport, Oakland International Airport and 20 miles of waterfront. The Oakland seaport is the third busiest containerport on the U.S. West Coast. Oakland International Airport offers 151 daily nonstop flights to 26 destinations; and the Port’s real estate includes commercial developments such as Jack London Square, as well as hundreds of acres of public parks and conservation areas. The Port of Oakland was established in 1927 and is an independent department of the City of Oakland. Please visit: www.portofoakland.com

MEDIA CONTACTS:

Marilyn Sandifur, Port Spokesperson
DMedia & Public Relations Department
(510) 627-1193
msandifur@portoakland.com