Proposal calls for $10 million to re-open shipyard; company estimates 110-acre facility could employ 2,000.Proposal calls for $10 million to re-open shipyard Company estimates 110-acre facility could employ 2,000 Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. City Councilman Robert Farrell said last week he wants to help re-open the Todd Pacific Shipyard in San Pedro with the infusion of $10 million in city money. The shipyard, which opened in 1947 to build commercial, naval and Coast Guard ships, filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code Bankruptcy Code may refer to:
"We believe this reorganizations will create the kinds of blue-collar jobs our city needs," Farrell said. "If the city can put up the revolving-door money, and encourage the Harbor Department to consider a lease arrangement, we can start up the yard." The North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Shipyard Co., which wants to buy the facility and its $6 million in assets from the Harbor Department, estimates as many as 2,000 people could be employed if the shipyard was re-opened. The 110-acre facility, located at the Port of Los Angeles The Port of Los Angeles is located on San Pedro Bay in the San Pedro neighborhood of Los Angeles, approximately 20 miles (30 km) south of downtown. Also called Los Angeles Harbor and WORLDPORT LA , employed 7,000 workers in 1984 when it had a contract to build 18 U.S. Naval frigates. Farrell is working with the the North American Shipyard Co. and the Industrial Union of Marine and Shipbuilding Workers of America Local No. 9 to develop a business plan for the facility. William Trejo Jr., executive secretary of the local marine and shipbuilding union, said he was heartened by Farrell's proposal. "I think the city sees the necessity of putting people back to work," Trejo said. "I'm fairly optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op we can re-open it." That sentiment was echoed by Earl Wagoner, president, who says it will take $15 million to buy the shipyard and get the operation running. Wagoner said he has several "entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. investors" interested in the yard and a deal with the Harbor Department could be completed in two to three weeks. "I do have confidence that this yard will open but it's complex," Wagoner said. If the yard is re-opened it will pursue contracts to repair Navy vessels and possibly build double-hulled tankers if federal legislation makes them a requirement for oil transport. A harbor department spokesman, however, cautioned that several other deals to re-open the yard have fallen apart at the last minute. "Negotiations to re-start the shipyard are complicated because they involve equipment and large capital investment," said Port of Los Angeles spokesman Chuck Ellis. "These things "These Things" is an EP by She Wants Revenge, released in 2005 by Perfect Kiss, a subsidiary of Geffen Records. Music Video The music video stars Shirley Manson, lead singer of the band Garbage. Track Listing 1. "These Things [Radio Edit]" - 3:17 2. don't happen overnight." In a separate move, Farrell is also urging officials to pressure Defense Secretary Dick Cheney to remove the Long Beach Naval Shipyard The Long Beach Naval Shipyard, which closed in 1997, was located at Terminal Island between the cities of Long Beach and San Pedro and approximately 23 miles south of the Los Angeles International Airport. from the list of possible military bases to be closed because of budget cuts. |
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