Record-high revenues were reported at the Port of Oakland over the past year, according to a report released Friday.
The port collected an all-time high of $366.6 million in the fiscal year ending on June 30, according to officials.
Port of Oakland spokesman Mike Zampa said:
“There’s been more attention paid to Oakland. … We’re seeing a renaissance of Oakland as a whole and we’re definitely feeling that, especially at Jack London Square.”
The Port of Oakland’s three business lines include maritime, aviation, and commercial real estate, all of which experienced revenue increases.
“We’re seeing strong performance on all business lines.”
Port officials attribute most of the port’s increase in aviation revenue of 3.1 percent to the exceptional 8.7 percent rise in Oakland International Airport ridership from the previous fiscal year.
Maritime revenue saw a 3.9 percent increase despite a labor contract dispute between the Pacific Maritime Association and the International Longshore and Warehouse Union that backed up ships at West Coast ports last winter.
“It became contentious and interrupted the flow of cargo to customers.”
The port’s commercial real estate revenue increased 20 percent, much of which Zampa attributes to Oakland and especially Jack London Square becoming more of a destination.
The port has plans for the current fiscal year to complete the construction of a rail yard at the former Oakland army base and temperature-controlled facilities that will aid in the shipment of chilled products, Zampa said:
“We are focusing on improving efficiency and development capability. … The goal is to be the preferred gateway to the U.S. and Asia, and so far we’re doing that.”
ALSO ON SFBAY
Port of Oakland breaks cargo record
Feds step in to break port deadlock
Port of Oakland: Tour on FDR’s yacht for free
SFO smashes third-straight traffic record
Shippers suspend vessel work at 29 West Coast ports
Oakland Airport traffic jumps 6.1 percent
Tentative deal ends shipping stalemate
SFMTA falls short with parking meter revenue
West Coast ports suspend operation amid union dispute
Workers move toward ending dock dispute
Oakland airport passenger traffic soars
Port Commissioner resigns amid real estate accusations
DA sues port commissioner over building violations
Oakland school district, teachers reach tentative contract agreement
SF unemployment touches record low
SF job, real estate markets booming
SFMTA approves Muni service increase
City parks brighten budget forecast
Alameda County approves new $2.7B budget
Oakland dockworkers to join police protests
BART on track for 3.4 percent fare bump
Developers sue Oakland over public art rules
Twelve displaced in Oakland apartment fire
Oakland mayoral longshots urge change