There will be a presentation of the Redwood Marine Terminal (RMT) Business Plan at the Humboldt Bay Harbor, Recreation, and Conservation District Commissioners’ meeting this Thursday (June 26) at 7:00 PM at the Wharfinger Building in Eureka. Approval of the District’s 08-09 final budget draft will follow.
Related links and notes:
HBHRCD 08-09 budget final draft: http://www.humboldtbay.org/harbordistrict/documents/Budget%202008-09.pdf
Commissioner Pat Higgins budget analysis: http://humboldtherald.files.wordpress.com/2008/06/pats_hbhrcd_budget.pdf
I was surprised to learn there is a 4-year waiting list for boat slips at the Woodley Island Marina and a 20 percent vacancy rate, which translates to over $100,000 of lost revenue per year. I also noted that of the $1.2 million budgeted for “recreation”, $750,000 of that amount is a grant for repair of the breakwater at Shelter Cove.
Redwood Marine Terminal (RMT) Business Plan (final draft): http://www.humboldtbay.org/harbordistrict/documents/terminalfeasibility/Redwood%20Terminal%20Business%20Plan%20Draft%206-11-08.pdf
Letter from Goldman Sachs: http://humboldtherald.files.wordpress.com/2008/06/goldman_sachs_loi.pdf
Humboldt Bay Watch blog: http://humboldtbaywatch.wordpress.com/
Using optimum operating rates from the business plan makes it possible to project the number and frequency of freight trains. Bottom line: 8 to 10 freight trains going in and out of the RMT every day of the year. That’s about 1 train every 2 1/2 hours 24/7 – around Humboldt Bay, through the ecoHostel, Old Town, the Marina Center, and the Eel River Canyon. Depending on load restrictions and peak usage, the frequency could increase to 1 train every 90 minutes. Good luck fitting passenger or tourist trains in that schedule.
More food for thought in opinion piece below. See you all Thursday night.