Port Reaches Tentative $4.6B Lease Agreement

20 January 2012, 7:34 am

LONG BEACH, CA- T he Port of Long Beach has reached a tentative agreement on a 40-year, $4.6-billion lease with Orient Overseas Container Line for the Middle Harbor property, in what would be the largest deal of its kind for any US seaport, according to Port of Long Beach executive director J. Christopher Lytle . The agreement will go to the Long Beach Board of Harbor Commissioners' Finance and ...... Read More »

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