"CAN YOU MAKE MONEY FROM PHILOSOPHY?"

This article appears in "Docklands Development International," a bimonthly feature supplement in Port Development International. It reprints an address by the author to the 1988 Annual Convention of the Association of American Port Authorities. It outlines the many constraints, problems and conflicting interests that confront any port authority undertaking the commercial development of its docklands. Some of these are: decisions as to the optimal allocation of overall municipal resources of time and funds; non-interference with private enterprise and existing commercial establishments; possession of the needed expertise; community tensions over renewal, change and the need for cultural preservation; inter-governmental relationships; and questions of policy as to public ownership. The conditions under which a port authority can implement development within this difficult environment are clarified. The author then turns to the specific case of two commercial projects of the Port of Seattle Authority. The first, which has been completed, is a Fishermen's Terminal complex, whose purposes are to both service the fishing industry and return revenue to the port's general fund. The second, still at the formulation stage, is new central waterfront development on five acres of disused land acquired by the Authority. The evolution of the policy underlying these projects is reviewed in relation to the constraints discussed.

  • Availability:
  • Supplemental Notes:
    • Journal article; waterfront development
  • Authors:
    • Davis, P
  • Publication Date: 1988-10

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Filing Info

  • Accession Number: 00656537
  • Record Type: Publication
  • Source Agency: Maritime Technical Information Facility
  • Files: TRIS
  • Created Date: Jul 21 1994 12:00AM