In 2009 several developers and equity firms made similar offers, which were rejected by Gov. Bob McDonnell. McDonnell has since replaced 10 of the 11 Virginia Ports Authority members with trustees who have long business backgrounds.
APM Terminals Inc. President Eric Sisco on Wednesday described his company’s unsolicited proposal to takeover operations at the terminals for the next 48 years.
International Longshoreman’s Association workers “would just have to report to us,” he said, rather than Virginia International Terminals, the Virginia Port Authority’s state-owned operating company.