The Board of Harbor Commissioners will decide on Thursday whether to terminate exclusive negotiations with the Long Beach-based company, which has tried for nearly two years to open shop on the site of the shuttered Southwest Marine slips at Terminal Island.
Sinking Gambol's plan to build a shipyard would allow the Harbor Department to consider other uses for the old Southwest Marine terminal.
Gambol's executives believe the ship slips could be preserved by containing the soil behind a vertical steel wall. Port officials have repeatedly warned that gaining the necessary federal and state permits for such a project would delay the channel dredging project for at least six months, and up to several years.