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2010 December 14   07:17

Port of L.A. could sink $50 mil shipyard plan this week

A campaign by Gambol Industries to build a $50 million shipbuilding and repair business at the Port of Los Angeles may be torpedoed this week.
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.

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