The City of Portland estimated that construction wouldn't begin on the West Hayden Island marine terminals until 2023, and it might take 35 years to build out the site.
A set of new draft reports tossed cold water on the Port of Portland’s plans to develop new marine terminals on West Hayden Island.
ECONorthwest, a Portland consulting firm, tentatively concluded that there is enough available land to site marine terminals on Port of Vancouver property, which doesn’t have the same wildlife habitat value as West Hayden Island.
And the economic consultant issued a lukewarm cost-benefit analysis, concluding it’s “more likely than not” that benefits from the development will outweigh the costs.
In one of the draft reports released Friday, ECONorthwest found the region likely needs up to 470 acres of riverfront land for new shipping terminals to accommodate foreign trade through the year 2040, and that could be accommodated by 750 acres owned by the Port of Vancouver.