Rebate Program to Support Portland Port Manager
In an attempt to alleviate the Port of Portland’s financial strain related to ongoing labor disputes, the city’s Port Commissioners voted last week to approve a rent rebate for terminal manager ICTSI Oregon. The $3.7 million rebate will come directly from ICTSI’s annual rent of $4.7 million, according to a press release. Port Commissioners voted 6-1, with one abstention, for its approval. ICTSI manages Terminal 6 under a 25-year lease, the release said.
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Without the rebate, ICTSI would have to cope with both low productivity and increased operational costs, the release said. Labor disputes at Terminal 6 between ICTSI and the International Longshore and Warehouse Union began last summer. Commission President Jim Carter said the rebate is only a temporary measure, designed to keep the container terminal operating and “related jobs in our state and region.”