Portland Marine Industrial Land Analysis - February 2021
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Portland Marine Industrial Land Analysis
February 2021
PORTLAND MILA PROJECT
Project Purpose
The project will inform the City of Portland’s
update to its Economic Opportunities Analysis
Consistent with previous EOA
update efforts
The Harbor Economy is different
from other industrial uses.
Understand the tradeoffs of
different growth scenarios
Photo Credit: Port of Portland
INDEPENDENT RESEARCH TOPICS
Research Organization
Economic Shifts in Impacts of the Portland Harbor
the Harbor Economy Superfund Site1
Impacts of Changes in Foundational Assessment of the
Terminal Design Economic Function of the
Research
Harbor Economy
Marine Industrial Competitiveness Race and Educational Equity
on the Lower Columbia in the Harbor Economy
1 Report completed by Maul Foster Alongi.
PORTLAND HARBOR
Study Area Definition
Harbor Access Lands
Harbor and Airport District
(excluding east of (I-5)
Findings
EMPLOYMENT GROWTH BY INDUSTRY (2003-2018)
SHIFTS IN THE HARBOR ECONOMY
Economics Trends 1,154
1,367
939
350
-224
-647
OTHER CONS W. TRADE TWU MCE MAN
Decline in manufacturing and trade,
offset by other sectors.
Increases in investment in capital,
equipment, and facilities.
Photo Credit: Vigor
LAND NEED
Shifts in Technology and
Design
Larger ships are limiting Portland’s
competitiveness.
Longer unit trains leading to greater
land demand.
EVOLUTION OF OCEAN-GOING VESSELS
LOWER COLUMBIA
Port Area Competitiveness
A summary of market trends and shifts in investment and market share
All ports exhibiting Portland handles the
+20%
export growth
2x majority of intraport
commodity flows
Declining market
13% Portland leads in
share in grain
auto trade
PHYSICAL ASSETS
Port Area Competitiveness
Land Supply Underutilization Rail PDX Assets
Competing Port areas Vacant and Portland’s superior Over 70 berths and
have long-term land underutilized terminals competitive position river access points
supply
INTERVIEW THEMES
Port Area Competitiveness
Name Recognition
Industry Agglomeration Portland also benefits from a stronger brand.
Unrivaled network of interrelated
business and workforce asset.
Protect Industrial Areas
Strong feeling that industrial areas need
to be protected from encroaching uses.
Challenging Business Climate
Portland’s regulatory and business
climate deteriorates competitiveness
Photo Credit: Port of PortlandIMPACT ON COMPETITIVENESS
Harbor Superfund Site
Record of Remedy Monitoring
Decision Design Period
2000-2016 2018-2019 13+ years
2016-2017 3-5 years 17+ years
Investigation Establish Remedy
and Feasibility Baseline Construction
Negative Impact on Problem will continue to Tools and a path
Investment due to persist for years to come forward to manage
uncertainty and liability risk. (with some improvement) liability riskSTAKEHOLDER PERSPECTIVE
Interview Themes
Market Forces
Mixed feelings about A
structural business outlook.
Planned Investments
B Firms are investing in capital
and equipment.
Land Need
Plans to grow through C
intensification; but…
What can the city do?
D Actions the city can take to
improve competitiveness.
Superfund
Preventing new market entrants E
and limiting PRP investmentLAND NEED
Marine Terminals
Terminal land need is a step function.
When volumes stabilize near capacities, it
triggers investment in new facilities.
Columbia Grain | Portland, OR (~40 acres) Terminal 4 | Portland, OR (~75 acres)
Grain Cargo Forecast
Grain cargo volumes are forecasted to reach
up to 152 percent of existing capacity by 2040.
Auto Cargo Forecast Grain Terminal Auto Terminal
Auto cargo volumes are forecasted to reach up 40 to 60 acres for a 50 to 80 acres for a
118 percent of existing capacity by 2040. typical facility typical facilityLAND NEED
Marine Production and Services
FACTORS IMPACTING LAND NEED
LOW MED HIGH
PORTLAND INDUSTRY TREND
A Declining Industrial Harbor
Assumes a net-reduction in -100 to -160
INVESTMENT acres of industrial land need.
STRUCTURAL TRENDS Moderate Growth (Baseline)
Assumes a 215 to 325 acre increase in
industrial land need.
LOCAL INSIGHTS
POLICY INFLUENCE
A Revived Working Waterfront
Assumes a 650 acre increase in industrial
land need
SUPERFUND SITELAND NEED
Rail
Railyards On-site Rail
Cargo throughput creates a need for Land need for longer sidings and
additional railyards capacity to accommodate larger trains
Study did NOT
estimate rail land need.
Changes in operational
models increases need
without increases in
growth.DISTRIBUTION OF INCOME BY RACE?ETHNICITY AND EDUCATION OPPORTUNITY COSTS Economic Impacts and Mobility Many traded-sector industries rely on access to marine facilities to cost- effectively move cargo in and out of the region. Maritime activities in Portland account for over 7,100 jobs and $629 million in income through direct and secondary effects.
Questions?
Los Angeles Portland Seattle Boise
You can also read
