Ailing Sacramento-Yolo Port Searching for Land Buyers

Kelemen, Jasmina
February 2005
Bond Buyer;2/4/2005, Vol. 351 Issue 32064, p28
Trade Publication
The article states that faced with a shrinking market and unable to compete with larger ports nearby, the Sacramento-Yolo Port District could be forced to declare bankruptcy by next summer unless it can raise badly needed cash by selling off available land. Over the last several months, the ailing port has suffered a series of blows that have exacerbated the cash crisis, including the loss of two customers that accounted for nearly 20% of its gross revenues. A recent report analyzing the port's operations concluded that its long-term sustainability hinges on diversifying its business, attracting new goods to its docks, and an extensive, costly modernization program.


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