A Harbor Department study found that Proposition D could drain up to $6.6 million away from the port -- much more than the city's claim of $1 million to $1.5 million.
If Proposition D passes and the city decides to put that money into the Tidelands Fund, it could cost the Port of Long Beach up to $100 million over the next five years. Added to the increased general transfer, the port could see a loss of up to 20% of its net income, according to the State Lands Commission report.
According to the report, Proposition D … impairs the port’s ability to operate would adversely impact its benefit to the state and nation as a whole.
The item is towards the end of the State Lands Commission agenda at the meeting, which will start at 10 a.m. Friday in the Culver City Council Chambers, 9770 Culver Blvd.