FROM THE NEWS TRIBUNE: Leaders of the Port of Tacoma, including Executive Director Tim Farrell, have blamed the global recession for the failure of the massive NYK terminal project. The story turns out to be far more complicated – and far less flattering for the port. … The port’s leadership can’t be blamed for not having a crystal ball to predict the economic bust. It can be blamed for gross overconfidence, if not hubris. The Port Commission has decided to part company with Farrell in the wake of these mistakes and his failed, costly attempt to create a rail yard in Thurston County. We presume its members are taking a hard look at their own stewardship as well.
