The California Transportation Commission last week formally committed $242 million in state money for the redevelopment of the Oakland Army Base into a large logistics center.
The port and city of Oakland are organizing the $1 billion project, which will include an intermodal yard to serve marine terminals operated by Ports America and the logistics park. The first phase of construction is estimated to cost nearly $500 million.
The state funding comes from the $20 billion Proposition 1B bond measure approved by voters in late 2007. The borrowing authority was created to address the state's aging highway and transportation infrastructure. More than $3 billion is to be devoted to high-volume trade corridors.
In July, the U.S. Transportation Department approved $15 million in grant funding from the TIGER discretionary funding program for the on-dock rail project in the port. The city of Oakland has selected industrial distribution real estate developer ProLogis to develop the project.
Oakland is the sixth largest container port in the United States and a major gateway for agricultural exports from northern California and other states. - Eric Kulisch