[00:00:01]
I DIDN'T READ THE RAIN BROUGHT.ANGIE, ARE WE, ARE WE READY? YES, SIR.
[A. CALL TO ORDER]
SO, ONE 30, I'M GONNA GO AHEAD AND CALL THE SPECIAL MEETING OF THE BOARD OF TRUSTEES AT GALVESTON WARS TO ORDER, UH, WEDNESDAY, FEBRUARY 11TH.IT IS AT 1:30 PM ANGIE, CAN I HAVE A ROLL CALL, PLEASE? SHARON? JUDGE PATTERSON.
ALRIGHT, SO WE'VE GOTTA DECLARE WE HAVE A QUORUM.
YOU'LL STAND TO THE I THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR FRUIT HANDS.
ONE NATION UNDER GOD, INDIVISIBLE, WITHIN THE
SO, UH, ANY, UH, DECLARATION OF CONFLICT OF INTEREST BY ANY TRUSTEES? HEARING DONE? WE WILL
[B. PUBLIC COMMENTS]
MOVE INTO PUBLIC COMMENTS WE HAVE FOR, SO WE'RE GONNA TAKE THEM INTO ORDER OF WHICH THEY WERE RECEIVED.MR. CHAIRMAN, MEMBERS OF THE WARS BOARD, THANK YOU VERY MUCH, UH, FOR THE OPPORTUNITY TO SPEAK TO YOU TODAY.
UH, BEFORE I BEGIN, I WANT TO BE PERFECTLY CLEAR THAT THESE COMMENTS ARE OFFERED BY A CONCERNED CITIZEN AND PROFESSIONAL ENGINEER.
I DO NOT REFLECT ANY OFFICIAL POSITION OF CITY COUNCIL.
LET ME START BY ACKNOWLEDGING THE PORT'S SUCCESS.
THE DRAFT STRATEGIC MASTER PLAN THAT YOU HAVE IN FRONT OF YOU DOCUMENTS 3.6 MILLION CREWS, PASSENGERS ANNUALLY MORE THAN 23,000 TEXAS JOBS SUPPORTED IN 7.4 BILLION IN TOTAL ECONOMIC VALUE, THE PORT IS THE LARGEST ECONOMIC DRIVER FOR THE CITY OF GALVESTON.
BUT ECONOMIC SUCCESS DOES NOT REPLACE SOUND PLANNING.
IT REQUIRES IT ON PAGE 28 OF YOUR MASTER PLAN.
THE PORT PROJECTS BETWEEN EIGHT AND 11 MILLION CRUISE PASSENGERS ANNUALLY BY 2045, AND STATES THAT ACROSS ALL THOSE FORECASTS, A SIXTH LARGE CRUISE BIRTH WILL BE REQUIRED AND A SEVENTH POTENTIALLY NEEDED THEREAFTER.
THESE PROJECTIONS ARE DESCRIBED AS UNCONSTRAINED, WHICH MEANS THEY DON'T ACCOUNT FOR INFRASTRUCTURE LIMITATIONS SUCH, SUCH AS INCLUDING ROADWAY CAPACITY.
WE'RE ALREADY SEEING A STRAIN AT 3.6 MILLION.
CRUISE TRAFFIC IS DIVERTING DOWN BROADWAY THROUGH OUR NEIGHBORHOOD STREETS, SUCH AS 14TH, 16TH, 23RD, AND 33RD TO REACH HARBORSIDE.
WHEN TERMINAL 16 WAS ADVANCED, THE TRAFFIC STUDY WAS DONE.
THAT TRAFFIC STUDY RECOMMENDED A SIGNAL AT THE INTERSECTION OF 14TH AND HARBORSIDE.
THAT SIGNAL IS STILL NOT INSTALLED YET.
THE CREWS TERMINAL IS OPERATIONAL AS OF OCTOBER, 2025.
IF WE'RE STRUGGLING TODAY, THERE'S NO REALISTIC PATH TO ACCOMMODATING EIGHT TO 11 MILLION PASSENGERS ON THIS ISLAND.
THE BURDEN THAT THAT PLACES ON OUR CITY INFRASTRUCTURE AND RESOURCES CANNOT GO WITHOUT BEING CONED ON.
WHAT CONCERNS ME MOST IS THAT THE MASTER PLAN DOES NOT CLEARLY DEFINE WHAT OFF PORT ROADWAY IMPROVEMENTS WOULD BE REQUIRED IN ORDER TO, IN ORDER TO SUPPORT SUCH A SCALE OF CRUISE GROWTH.
HARBORSIDE IS NOT ONLY A PORT FACILITY, IT IS A STATE HIGHWAY.
IT DIRECTLY INTERFACES WITH RESIDENTIAL NEIGHBORHOODS.
AND OUR DOWNTOWN FUTURE CRUISE EXPANSION MUST BE TIGHTLY COORDINATED WITH THE CITY'S LONG RANGE MOBILITY PLANNING, DRAINAGE PLANNING, AND LAND USE PLANNING.
THE SEQUENCING MATTERS, INFRASTRUCTURE IMPROVEMENTS MUST BE PROGRAMMED, FUNDED AND UNDER CONSTRUCTION BEFORE ADDITIONAL CRUISE BIRTHS COME ONLINE.
THAT MEANS REAL INFRASTRUCTURE, NOT JUST ADDITIONAL STUDIES.
THAT MEANS EVALUATING A DIRECT CONNECTION FROM SAY, 45 TO HARBORSIDE THAT DEPOSITS CRUISE TRAFFIC DIRECTLY ONTO PORT MANAGED LAND AND KEEPS IT OFF NEIGHBORHOOD STREETS.
IT MEANS COMPREHENSIVE IMPROVEMENTS ALONG HARBORSIDE, INCLUDING SIGNALIZATION, ACCESS MANAGEMENT, LANE CONFIGURATION, PEDESTRIAN SAFETY AND DRAINAGE, SOME OF THOSE THINGS WHICH YOU'RE ALREADY ADDRESSING TODAY.
IT ALSO MEANS WORKING IN PARTNERSHIP WITH TDO AND OUR LOCAL STATE DELEGATION TO SECURE MEANINGFUL STATE INVESTMENT IN HARBORSIDE THE CITY.
AND THE FORD HAS DONE A GREAT JOB OF THAT.
UNCOORDINATED GROWTH IS, IF THIS IS TRULY A 20 YEAR STRATEGIC PLAN, THEN IT MUST CLEARLY STATE THAT TRANSPORTATION INFRASTRUCTURE WILL LEAD EXPANSION, RIGHT, NOT TRAILING RIGHT.
INFRASTRUCTURE FIRST, CAPACITY EXPANSION.
NEXT UP WE HAVE COUNCIL MEMBER BOB BROWN.
THANK YOU ALL FOR HAVING US HERE AND, UH, GIVING US A FORUM TO COMMENT ON THIS.
[00:05:01]
I APPRECIATE THE WORK THAT WENT INTO THIS MASTER PLAN.IT'S, UH, REALLY WELL DONE, COMPREHENSIVE, A LOT OF DATA AND EVERYTHING, BUT OF COURSE I WOULDN'T BE STANDING HERE UNLESS I HAD A COMMENT.
UH, THE PLANNED CRUISE EXPANSION SHOWN ON THE MASTER PLAN ARE GOING FROM 3.6 MILLION PASSENGERS TO 11 MILLION BY 2044 IS A BIG NUMBER.
AND THAT'S SCARY TO SOME LOCALS GIVEN OUR LIMITED GEOGRAPHY AND CAPACITY.
AND I UNDERSTAND THAT, UH, MAJOR PROJECTS CALLED FOR THIS MASTER PLAN MUST ALL BE APPROVED BY THE WAR BOARD, SOME OF 'EM EVEN BY CITY COUNCIL, WHOEVER THAT MAY BE AT THE TIME THESE PROJECTS COME UP.
AND THAT YOU COULD CHARACTERIZE THESE PROJECT AS CONTINGENT ON THIS APPROVAL AND THE CONDITIONS THAT THEY APPLY TO THESE PROJECTS.
A MASTER PLAN BY DEFINITION IS A GUIDEPOST.
HOWEVER, I BELIEVE YOU'D GET A LOT MORE SUPPORT FOR THE PLAN FROM ISLANDERS BY MORE EXPLICITLY ACKNOWLEDGING THAT THESE PROJECTS WILL REQUIRE ADDITIONAL INFRASTRUCTURE CAPACITY AND IMPACT ANALYSIS AND ACTION TO ACCOMMODATE THE MS. COUNCILMAN FINKLEY DESCRIBED LIKE WE'RE DOING RIGHT NOW WITH THE JOINT WORK BOARD AND CITY COUNCIL MOBILITY PLAN THAT WILL STRESS TEST THE IMPACT OF THE ADDITION OF A FIFTH CRUISE SHIP FIRST AND MAKE RECOMMENDATIONS PRIOR TO THE ADD SHIP.
SO WE AS CITY OFFICIALS, OWE IT TO THE LOCAL TAXPAYERS TO DO THE DILIGENCE REQUIRED TO PROTECT THEIR WAY OF LIFE.
AFTER ALL, THEY ARE WHO WE WORK FOR.
I MUST ALSO SAY THAT I APPRECIATE THAT PART OF THE MASTER PLAN THAT FOCUSES ON IMPROVEMENTS TO THE PUBLIC REALM, AMENITIES AND CONNECTIVITY, PROMOTING ACCESS TO OUR WORKING WATERFRONT.
THAT KIND OF IMPROVEMENT CAN BE APPRECIATED BY TOURISTS AND LOCALS.
AND IT SEEMS THAT, UH, REALITY MAY HAVE GOTTEN A LITTLE BIT AHEAD OF THE MASTER PLAN IN THIS REGARD WAS THE RECENT SUPPORT OF IMPROVEMENTS TO THE OPERATIONS AND PUBLIC ACCESS TO THE HISTORIC PIER 19 MOSQUITO POLICE WATERFRONT AREA MASTER PLAN CURRENTLY DOES NOT SHOW THIS HAPPENING UNTIL 2040 AND DOES NOT REFERENCE THE PIER 19 PROJECT, BUT I SUSPECT, UH, A CORRECTION WILL COME IN THAT REGARD SOON.
NEXT UP, CHARLOTTE ROURKE, I DON'T THINK I CAN DO BETTER THAN THOSE TWO GUYS, SO I DON'T, YOU'RE BOTH VERY GOOD SPEAKERS AND OBVIOUSLY GOOD ON COUNCIL.
I LIVE AT 1123 CHURCH STREET AND I'M HERE TODAY TO MOSTLY POSE QUESTIONS ON WHY THE HARD SELL.
IN JANUARY OF 2025, UH, THE CHAMBER CAME UP HERE AND PUSHED THE BOARD TO BUILD MORE CRUISE TERMINALS.
AND I WAS ALWAYS WONDERING WHY, WHY NOT EVALUATE THE FOUR YOU'RE GONNA HAVE, EVALUATE YOUR TRAFFIC, EVALUATE YOUR MONEY, BECAUSE IT'S PROBABLY NO SURPRISE TO ALL OF YOU HERE THAT I DON'T TOTALLY TRUST YOUR BOOKS.
NOT ANYTHING ILLEGAL OR INAPPROPRIATE.
BUT BECAUSE WE HAD A LOT OF CHANGES WITH GSB AND OTHER THINGS AND WE'RE LOOKING AT THE BOOKS DIFFERENTLY THAN WE DID A YEAR BEFORE AND THEY DIDN'T RE RESTATE THOSE BOOKS.
DIDN'T HAVE TO, THEY THEY RECOMMENDED IT, BUT THEY DIDN'T RESTATE THEM.
SO I'M JUST HERE TO ASK, WHY DON'T YOU WAIT AND SEE HOW YOUR MONEY FALLS OUT? MAKE SURE YOUR UNRESTRICTED CASH IS BUILDING BECAUSE IT HASN'T BEEN BUILDING.
YOU'RE THINKING WITH ALL THIS MONEY YOU'RE MAKING, RIGHT, YOU WOULD HAVE A LOT OF MONEY IN THERE AND YOU'RE NOT ACCUMULATING IT WHEN THE CITY ASKS YOU FOR A MILLION DOLLARS.
YOU CAN'T GIVE 'EM A MILLION DOLLARS 'CAUSE YOU DON'T HAVE IT.
SO AGAIN, I'M ASKING FOR NOT A HARD SELL.
GO TO THE CITY AND SAY, HEY, IF WE, IF WE BRING ALL THESE CRUISE PASSENGERS, 11 MILLION PEOPLE MORE THAN MIAMI, WHO HAS HUNDREDS OF HIGH-RISES, AND WE HAVE ONE, MAKE SURE YOU, YOU'RE ABLE TO HANDLE THE TRAFFIC AND ALL THE OTHER ISSUES YOU HAVE.
AND AS YOU KNOW, YESTERDAY I TALKED ABOUT AIR POLLUTION.
I DON'T UNDERSTAND THE LDR AND NOT HAVING A MONITOR CLOSE TO THE PORT IN ONE OF OUR NEIGHBORHOODS AND NOT AT BALL HIGH AND NOT ON 99TH FIRST STREET, BUT IN THE EAST END HISTORIC DISTRICT WHERE YOU'RE GOING TO GET THE STUFF FROM, UH, PIER 12 TO 14.
SO I'M ASKING YOU, PLEASE GO BACK, SAY TO THE CITY, IF WE PUT 11 MILLION PEOPLE IN AND IT'S A 300 TO ONE RATIO, WE HAVE 300 TOUR FOR ONE POLICEMAN.
ARE YOU GONNA FUND THAT? ARE YOU GONNA EXPECT THE PORT TO FUND THAT? BECAUSE YOU'RE GONNA NEED THEM BECAUSE YOU'VE CREATED ALL THESE CORRIDORS, YOU FIXED YOUR CORRIDOR DOWN, HARBORSIDE AND THE PORT, BUT YOU OPENED ALL THESE ONES FROM BROADWAY THROUGH THE EAST END HISTORIC DISTRICT.
AND I EVEN HAD A FRIEND ON 14TH STREET THAT SAY THEY'RE NOW COMING DOWN
[00:10:01]
HIS ON THE SOUTH SIDE OF BROADWAY.SO THINK ABOUT IT, ASK THE QUESTIONS.
AND AGAIN, I CLOSED WITH WHY THE HARD SELL.
[C. PRESENTATIONS AND ANNOUNCEMENTS]
ALRIGHT, MOVING INTO GENERAL ITEM C, PRESENTATIONS AND ANNOUNCEMENTS.PRESENTATION BY BA AND WE HAVE MR. B HERE.
WE WERE IN HIGH SCHOOL TOGETHER, BUT SAY, I CAN'T SAY SO.
UM, FIRST OF ALL, I WANT, BEFORE I START, I WANT THANK ALL OF YOU, UH, THE BOARD, UH, THE STAFF, THE EXECUTIVES, THE CITIZENS OF THE COMMUNITY FOR ALL THE HELP THAT THEY PROVIDED US TO DURING THE PREPARATION OF THIS PLAN.
UM, AND I HOPE THAT THAT YOU'LL SEE A LOT OF THE THOUGHTFULNESS THAT WENT INTO THE CREATION OF THE PLAN.
UM, THE OTHER THING THAT AS, AS I WAS REACTING AND, AND AND LISTENING TO THE, THE COMMENTS THAT HAVE HEARD IS I PUT THIS PICTURE HERE ON PURPOSE.
THIS IS ONE THAT I DID IN THE LAST PRESENTATION.
AND BY THE WAY, THIS IS GONNA BE A SHORTER PRESENTATION OF THE LAST ONE BECAUSE IN THE LAST ONE WE WENT THROUGH EVERY COMMODITY, EVERY ISSUE, EVERY DEMAND, AND SO FORTH.
AND NOW WHAT WE'RE DOING IS PUTTING IT TOGETHER, UH, FOR YOU.
BUT WHEN YOU LOOK AT THIS IMAGE, UM, YOU REALIZE HOW PORTS EVOLVED AND YOU REALIZE HOW LITTLE, IF ANY PLANNING WENT INTO THE DEVELOPMENT OF PORTS.
IN FACT, MOST REPORT PORTS REACT TO CIRCUMSTANCES.
YOU KNOW, THEY, THEY PUT PI WHERE THE STREETS WERE SO EVERYTHING COULD MOVE IN AND OUT OF THE PORT.
'CAUSE EVERYTHING REVOLVED ABOUT AROUND THE PORT.
AND MANY YEARS LATER, YOU'VE BEEN REACTING TO THINGS, WHETHER IT WAS HURRICANES OR THE CARGO MOVING AWAY AND THE RAILROAD AND THE AVIATION, ALL THE DIFFERENT WAYS THAT HAVE AFFECTED GALVESTON.
SOME IN POSITIVE, SOME IN NEGATIVE WAYS.
AND NOW YOU'VE HAD CREWS COMING TO YOU.
BUT WHAT IT DOES SAY THAT PLANNING, THE AMOUNT OF PLANNING THAT YOU'VE DONE NOW BETWEEN THE PREVIOUS MASTER PLAN, AND THIS ONE IS PROBABLY MORE PLANNING HAS BEEN DONE IN THE HISTORY OF THIS PORTION AND PLANNING, IS IT'S REALLY, IF YOU'RE GONNA SAY, ARE YOU GONNA APPROVE EVERY PROJECT? NO, YOU'RE NOT.
YOU'RE APPROVING A VISION OF WHERE YOU WANT THE PROJECT TO PORT TO DIRECT ITSELF.
AND SO THAT AS IT MOVES THROUGH THE PROCESS, THE PLANNING CAN GO ON INDIVIDUALLY FOR FIVE YEAR PLANS AND THE NEXT SET OF PLANS.
BUT AT LEAST YOU SEE THE VISION OF WHERE THINGS GO IF YOU'RE GONNA EXECUTE THAT, THAT THAT'S THE LOGICAL PLACE.
IN MOST OTHER PLACES THEY DON'T.
AND THEN THEY GO BACK AND SAY, GEE, I WISH I WOULDN'T HAVE PUT THAT THERE BECAUSE NOW I CAN'T DO THIS.
UH, BUT THERE IS A PERIOD I THINK IN THE DEVELOPMENT OF PORTS THAT ARE, WERE PARAMOUNT IN THE DEVELOPMENT OF THAT, OF THIS PORT.
AND WHEN WE LOOKED AT THIS NEW MASTER PLAN THAT WE'RE PRESENTING, I THINK IT'S ONE OF THOSE CRUCIAL PERIODS THAT YOU ARE SETTING A FUTURE DIRECTION BECAUSE THIS PORT IS EVOLVING.
IT IS EVOLVING INTO MORE OF A CITY PORT RELATIONSHIP.
THAT'S WHAT WE HEAR EVERYWHERE, THAT IT'S REALLY SHOULD BENEFIT TO BOTH, UH, THAT IT IS REVOLVING TO THE CONDITIONS OF THE MARKET TODAY WHERE YOU HAVE A LOT OF CREWS AND CARGO HAS MOVED ON, ON OFF THE STREET, BUT THERE'S OTHER OPPORTUNITIES COMING THAT WE HAVE TO TAKE ADVANTAGE.
AND IT IS AT LEAST KNOWING HOW TO TAKE CARE OF THAT COMMODITY THAT IS REALLY GONNA BE IMPORTANT AND THAT YOU'RE SETTING FORTH.
SO THIS IS ONE OF THOSE THAT MAYBE 15 YEARS FROM NOW YOU'LL SEE UP THERE SINCE WE MADE THE RIGHT CHOICES AS INVOLVED.
UM, SO I, IT IT'S REALLY AN IMPORTANT, THIS DECISION IS NOT ABOUT SELECTING A PARTICULAR PROJECT, IS THE DIRECTION THAT YOU'RE TAKING WITH A PORT AND THAT WE'RE GIVING YOU THE TOOLS TO BE ABLE TO SAY, THAT'S THE VISION I CAN PAY FOR IT.
THAT'S ONE OF THE BIGGEST THINGS THAT WE'VE DONE HERE, IS THE FINANCIAL MODEL SAYS THIS IS REAL BECAUSE WE CAN PAY FOR IT AND GET IT EXECUTED.
AND THERE'S GONNA BE A MARKET.
NOW, WHETHER THE COMMUNITY OR SO FORTH, WHETHER YOU'RE OVERCROWDED OR ON CROWD, THAT'S THE DECISION THAT YOU AS A BOARD WILL MAKE AS AS TIME GOES ON.
UH, BUT THERE ARE SOLUTIONS AND UH, THOSE SOLUTIONS WILL BE, I THINK, VERY POSITIVE.
SO AT THE END, UH, OF THE DAY, WE STARTED WITH THE GOALS.
AND THE GOALS WERE THE ONES THAT YOU SET FORTH AS A, AS A, AS A, AS A BOARD OF LOOKING AT THE FINANCIAL STABILITY, THE INFRASTRUCTURE THAT YOU NEED, HOW TO BRING THE BUSINESS, HOW TO COMMUNICATE IT, AND THE PEOPLE.
AND WE TOOK THAT AND WE WENT THROUGH THIS PROCESS THAT WE HAD GONE WITH YOU BEFORE THAT WE THEN TOOK IT APART AND SAYS, WHAT ARE THE MARKETS, WHAT IS THE POTENTIAL FOR THIS MARKET? DIDN'T SAY THAT YOU WANNA GET ALL THAT MARKET, THAT'S THE POTENTIAL THAT'S GONNA BE OUT THERE.
THEN WHAT INFRASTRUCTURE DO YOU NEED? HOW DO YOU PAY FOR IT? WHAT DOES A COMMUNITY FEEL? AND WE WENT AROUND THIS NOW IN SEVERAL CIRCLES IN DEVELOPING THE PLAN.
SO WHAT YOU'VE GOT IS A VERY WELL THOUGHT
[00:15:01]
OUT PLAN IN THAT CONTEXT THAT IT'S NOT, WE'RE SHOWING YOU A PICTURE THAT LATER ON YOU CAN'T PAY FOR IT.AND THAT'S SORT OF A VERY CRITICAL THING OR THERE'S GOING TO BE A DEMAND.
SO, UM, IN TERMS OF INTERNALLY OF THE PLAN OF THE PLAN, WE WANNA MAKE SURE THAT YOU ARE MEETING SOME FINANCIAL TARGETS AND THAT YOUR ECONOMIC GROWTH THAT YOU'RE TRYING TO PROVIDE FOR THE COMMUNITY IS THERE THAT WE HAVE ALIGNED THE DEVELOPMENT WITH ALL OF THE DIFFERENT STRATEGIES THAT EXIST.
UH, I CAN TELL YOU IN OTHER PORTS, THEY DO MASTER PLANS AND THEY, THEY DON'T FOLLOW IT.
AND THEN THEY, SOME CUSTOMER COMES AND SAYS, I WOULD LIKE TO THIS PROPERTY.
SAY, OH, DO IT THERE 10 YEARS LATER IS OBVIOUS.
THEY PUT IT IN THE WRONG PLACE.
UH, BUT ON THE OTHER HAND, THERE'S, THERE'S THE OTHER MATTER, WHEN YOU HAVE A PORT THAT DOESN'T HAVE A USE AND PEOPLE SAY, WELL, THERE'S STILL GONNA BE A MARITIME USE.
AND IN FACT, THAT'S, THAT'S THE, THAT'S THE BALANCE THAT YOU'RE, THAT YOU ARE IN.
SO, UH, WE'VE TRIED TO DO EVERY ONE OF THESE STEPS TO IDENTIFY THE CAPITAL PROGRAMS. HOW MUCH IS THIS GONNA COST? WHAT IS THERE AN ALIGNMENT WITH THE CITY AND, AND THE, UH, AND THE, UH, STATE AND WHAT YOU HEARD TODAY WAS, YEAH, THERE THERE'S GONNA BE ALIGNMENT, BUT WE NEED STUFF OFFSITE, YOU KNOW, TO BE ABLE TO, TO ALIGN THIS THING.
UM, SO WITH THAT, YOU WOULD SAY, WE GOT A MASTER PLAN, BUT THAT'S NOT FUN.
AT THE END OF THE DAY, YOU WANT A VISION THAT RELATES TO THE HEART OF YOUR COMMUNITY.
SO WE'RE TAKING A DIFFERENT, DIFFERENT ANGLE HERE, PRESENTING THIS MASTER PLAN.
WE'LL SHOW YOU THE HARD NUMBERS, BUT AT THE END WE WANNA SHOW YOU WHAT DOES THIS ACTUALLY WOULD LOOK LIKE.
UH, AND HOPEFULLY AS A VISION THAT YOU SAY THAT'S, THAT'S NOT BAD, THAT'S WHAT WE WANT.
SO WITH THAT, LET ME START THE PRESENTATION.
SO AS YOU KNOW, WE'VE DEVELOPED A PLAN THAT WHEN YOU LOOK AT IT AT THIS ELEVATION, YOU CAN'T SEE MUCH BECAUSE THIS IS SUCH A GREAT SCALE THAT THIS BOARD HAS.
BUT WE DIVIDED UP INTO FOUR DISTRICTS JUST FOR THE PURPOSE OF ALIGNING USES CAPITAL REVENUES.
SO THEY ALL HAVE TO COME TOGETHER AT THE END IN ORDER TO FUND.
AND THAT'S THE BEAUTY ABOUT THE PORT IS THAT WHEN YOU GOT ONE THING THAT'S MAKING MONEY AND THE OTHER ONE IS NOT, YOU CAN INVEST AND YOU CAN CROSS POLLINATE UNTIL YOU GET THE ENTIRE PLAN DONE.
NOT EVERYTHING'S GONNA MAKE MONEY AND NOT EVERYTHING IS GOING TO PAN OUT FINANCIALLY, BUT IF YOU HAVE THE RESOURCES, IF AT THE END YOU END UP WITH A FINANCIALLY STRONG REPORT, WHICH YOU ARE, THEN YOU CAN EXECUTE A LOT OF STUFF.
SO I'M GONNA TAKE YOU THROUGH VERY QUICKLY, THERE'S ONLY TWO SLIDES FOR EACH, FOR EACH SECTOR AND WHAT WE'RE SHOWING YOU IN THE PLAN.
SO ON CRUISE, UH, WE SHOWED, AND YOU HEARD THAT OUR FORECAST SAYS YOU CAN GO FROM EIGHT TO 11 MILLION PASSENGERS BY 20, 45, 20 YEARS FROM NOW.
A LOT OF TIME WE'VE BEEN PRETTY GOOD AT THAT.
YOU COULD SAY, I DON'T WANT ANY MORE CRUISES.
AND SOME CITIES HAVE SAID THAT THAT IS WHAT THE MARKET OPPORTUNITIES DO TO ACHIEVE THAT.
YOU, YOU, YOU NOW WOULD NEED FACILITIES AND INFRASTRUCTURE.
YOU NEED A FIFTH BIRTH AND YOU NEED A SIXTH BIRTH.
AND MAYBE AT THE END, 20, 30 YEARS FROM NOW YOU HAVE A SEVENTH BIRTH.
AND WE ALWAYS, WE ALWAYS, UH, UH, THINK THAT THE WORLD NEVER ENDS AT THE PLANNING PERIOD END.
SO YOU NEED TO HAVE AN ABILITY TO DO STUFF.
THE ONLY DIFFERENCE BETWEEN AT THE END ON THE SEVENTH IS WE THINK THAT AS THE USE OF THE FACILITIES GET MORE AND MORE, THAT YOU WILL END UP BEING ABLE TO GET MORE YIELDS RATHER THAN SITTING WITH EMPTY BUILDINGS FIVE DAYS OF THE WEEK OUT THERE, THAT THEY'LL BE GETTING USED MORE.
AND THEREFORE YOU DON'T NEED TO BUILD ANYMORE.
YOU JUST SPREAD IT OUT A LITTLE BIT MORE.
YES, I JUST, ON YOUR, YOUR PREVIOUS SLIDE, JUST FOR CLARIFICATION, I GUESS THOSE NUMBERS, THOSE ARE PASSENGER MOVEMENTS, RIGHT? SO THOSE ARE, WE TALK ABOUT, THIS IS PASSENGER MOVEMENT MOVEMENT.
SO 20, 25 3, WE HAD 1.9 MILLION PASSENGERS, RIGHT? BUT THAT'S THREE POINT, IT'S 3.8.
YEAH, THEY'RE, SO FOR CLARITY, I MEAN, SO THOSE ARE, YOU GOTTA DIVIDE IT BY TWO, I GUESS TO GET TO THE ACTUAL, THE ACTUAL HUMAN BEING BECAUSE THAT'S, THAT'S ONE EMBARK.
THAT'S EMBARK AND THEN THEY, MOST OF 'EM, HOPEFULLY YOU HAVE DEBARK IT COME BACK AT THE END.
BUT IT'S NO DIFFERENT THAN AN AIRPORT.
WHEN YOU GO ON YOUR AIRPLANE, YOU GET COUNTED WHEN YOU COME BACK, RIGHT? YOU GET COUNTED.
SO IT'S THE SAME THINKING AND IT'S IMPORTANT THE CLARITY BECAUSE YOU GET PAID TWICE.
SO THAT'S
SO THE PLAN, AND I'M GONNA JUST GONNA FOCUS VERY QUICKLY.
UH, THE PLAN IS SHOWING IS WHERE THE FIFTH BIRTH WOULD GO IS THE FILLING OF THE SLIP AND OBVIOUSLY FIXING ALL THE BULKHEADS.
SO YOU CAN PUT ANOTHER SHIP IN THERE AND THEN BUILD A GARAGE TO COLLECT ALL THE PARKING THAT YOU HAVE, GROUND PARKING AROUND THAT, AND FIXING THE SLIP FOR THE TEXAS SECOND AROUND THAT.
THEN AFTER YOU GOT THE LAND, THEN YOU BUILD A TERMINAL
[00:20:01]
AND THE TERMINAL MIGHT TAKE DIFFERENT SHAPES, YOU KNOW, THIS IS JUST, YOU CAN SEE WE'RE SHOWING YOU A BOX THERE, THERE'S A LOT OF FLEXIBILITY WITH WHAT THAT IS.AND THEN THAT COMPLETES THE, THIS SIDE OF THE PORT IN THE FUTURE, IF YOU NEED THE SIXTH BERTH, THEN YOU GO TO THE, UH, WEST OF, UH, TERMINAL 25 WHERE IT IS TODAY.
AND ON THAT ONE, WE'RE THINKING THAT THE THING WAS LET'S CONSOLIDATE THE TERMINALS BECAUSE AT SOME POINT IN TIME, 25 IS AN OLDER TERMINAL, IT NEEDS WORK.
THE BEST SOLUTION FOR THAT IS TO ADD A PHASE TO THAT.
SO YOU CAN BASICALLY THEN DEMOLISH THAT WHEN IT REACHES ITS AGE.
YOU, YOU SEE, WE PUT A LOT OF GREEN SPACE, WE PUT PARKING IN THERE, AND THEN YOU'RE ABLE TO DELIVER THE SIXTH.
AND IF YOU NEED THE SEVENTH, ALL WITHIN A SINGLE BUILDING SO THAT YOU CAN CONCENTRATE ALL THE TRAFFIC AND THE TRAFFIC IS REALLY OUTSIDE OF THE TOWN.
SO YOU'RE BASICALLY FROM THERE, WE'LL GO OUT ON, ON THAT LOCATION.
AND WE DID THIS TO MAKE IT COMPACT.
SO WE LEAVE AS MUCH ROOM FOR CARGO AS WE COULD.
THE CRUISE CAPITAL PLAN, EVERY, EVERY COST.
SO, YOU KNOW, WE, WE'VE BEEN VERY CONSERVATIVE RUN OVER WITH THE PORT.
UH, WE'VE ADDED A LOT OF CONTINGENCIES, LIKE 30% CONTINGENCIES ON THIS.
WE'VE ADDED TWO AND A HALF PERCENT PER YEAR INFLATION.
SO IT, IN 20 YEARS, THAT TERMINAL COST TWICE AS MUCH AS IT IS TODAY JUST ON INFLATION.
SO IT'S ALL BUILT INTO THIS, UH, AND IT, IT WOULD HAVE IN, IN TOTAL DOLLARS, 1.4 BILLION.
AND IT'S DIVIDED BETWEEN THE PARKING, WHICH IS THE LIGHT BLUE, THE DARKER BLUE IS THE MIDDLE IS THE TERMINAL ITSELF, THE DARKER BLUE IS THE PIER WORK.
AND THEN YOU HAVE SOME SITE WORK AND SOME BUILDING WORKS ASSOCIATED WITH, WITH IT.
SO IT'S BASICALLY MOST OF THE MONEY'S GOING INTO THE TERMINAL AND THE PARKING, WHICH ARE WHERE YOUR MONEY'S MADE.
UH, AND I'M GONNA SPREAD THAT OUT IN A MINUTE BY YEAR.
SO YOU WOULD SEE HOW THIS GOES.
SO CARGO, WE DID THE PROJECTIONS WE HAVE SHOWING SIGNIFICANT GROWTH IN CARGO AND ALL OF IT IN GENERAL.
CARGOES WHERE CARGOES, BULK CARGOES AND SO FORTH.
AND FROM THAT, WE ALSO THEN CAME BACK WITH A RECOMMENDATION OF FACILITIES.
HOW MANY LINEAL, FEET OF BIRTH, HOW MANY ACRES OF YARD DO WE NEED? THE THING ABOUT OLD PORTS VERSUS NEW PORTS IS THAT OLD PORTS WERE DESIGNED TO MAXIMIZE BIRTH.
SO YOU END UP WITH A LOT OF SLIPS.
SO YOU WOULD PUT THE SHIPS UP AND DOWN BECAUSE YOU DIDN'T NEED MUCH LAND.
TODAY, THE SHIPS ARE BIG, WHAT YOU NEED IS LAND AND LESS BIRTH.
AND THAT'S WHY THE PORTS STARTED TO, UH, TO BEGIN TO FILL IN THE SLIPS AND CREATE ONE SIGNIFICANT YARD, WHICH WOULD BE INCREDIBLY VALUABLE.
SO THE PLAN THERE IS TO BEGIN TO FILL THE SLIPS AND THEN FINISH THE BULKHEAD IN THE MARGINAL WAY.
SO IT HAS TOTAL FLEXIBILITY BEHIND THAT.
UH, BRING RAIL TO THE, UH, BRING RAIL TO THE, UH, TO THE, TO THE DOCKS FOR AT LEAST SOME OF THEM.
UH, AND DO THE, THE YARD WORK.
AND THEN PUT SOME, UH, RELOCATE SOME OF THE RAILROADS, UH, SO THAT IT WORKS BETTER WITH A BACKYARD.
AND THEN FIX SOME OF THE BUILDINGS, INCLUDING SOME WAREHOUSING OUT THERE.
SO BASICALLY AT THE END, YOU END UP WITH A VERY MODERN YARD THAT WILL HAVE TOTAL FLEXIBILITY TO HANDLE ANY TYPES OF CARGO.
THIS ONE OVER THE YEARS IS CLOSE TO $500 MILLION THAT ARE BEING SPENT.
UM, MOST OF IT YOU CAN SEE IS, IS RECLAMATION, WHICH IS FILLING IN ON THE SLIPS, WHICH IS NOT CHEAP.
AND THEN YOU HAVE THE PIERS THAT HAVE TO BE BUILT ON THE OUTSIDE.
THERE'S NOT MANY BUILDINGS OR WAREHOUSES, GATE HOUSES AND THINGS LIKE THAT THAT ARE THERE.
UH, AND UH, AND THERE'S SOME, UH, PEER WORK THAT GOES IN THERE.
AND THEN WE GOT PELICAN ISLAND THAT THE PLAN THERE IS TO CREATE A GENERAL PURPOSE CARGO FACILITY, WHICH WOULD MEAN YARD WORK TERMINAL SPACE.
AND THAT COULD BE DONE IN TWO PHASES AND IT WILL WORK REALLY WELL IF THE SHIP BUILDING STARTS TAKING OFF.
THAT WILL BE GREAT SUPPORT FOR THE FACILITY.
BUT UNTIL PELICAN ISLAND GETS RAIL AND SO FORTH, YOU KNOW, WE'RE LIMITED.
BUT EVEN THERE AT PELICAN ISLAND, WE HAVE THE PLAN AROUND $250 MILLION, OR SORRY, $350 MILLION FOR PELICAN ISLAND.
BUT THAT MIGHT ACCELERATE FORWARD IF, IF THINGS STARTS MOVING A LOT FASTER AT ALL.
WE THINK WE PUT IT AT THE END BECAUSE RIGHT NOW IT, IT'S UNCLEAR WHEN SOME OF THESE USERS WILL BECOME UNMARKED.
THE FINAL PIECE IS IN, IN A DESIRE TO MAKE THAT MARRIAGE WITH A CITY TO PROVIDE BENEFITS AND PROVIDE A WATERFRONT AND ALSO TO DIVERSIFY THE REVENUES OF THE PORT, IS TO TAKE THE LANDS THAT ARE NOT BEING USED FOR MARITIME ANYMORE AND BE ABLE TO GENERATE REVENUE AND MAKE THAT MARRIAGE.
AND WE PRESENTED A, THE MARKET STUDY THAT LOOKED AT RETAIL, HOTEL, AND EVEN MULTIFAMILY AND CAME BACK WITH A RECOMMENDATION OF WHAT
[00:25:01]
WOULD BE THE BAND THERE.THEY'RE VERY EXCITED ABOUT HOTEL DEVELOPMENT THERE.
SO, UH, TO DO THAT, UH, THE PLAN CALLS FOR THE CREATION OF THE GREEN SPACE, THE PARKS, UH, PHASE, THEN THE PART ACROSS THE STREET AND THE DEVELOPMENT.
SO THAT BASICALLY WHAT WE'RE DOING IS EXTENDING THE CITY TO THE PORT.
SO IT'LL BE A NATURAL EXTENSION.
UH, AND THEN TOWARDS THE WEST SIDE, UH, WE WERE SIMILAR THING, EXTENDING THE GREEN BELT AND THEN PUTTING ALL THE ROADS AND INFRASTRUCTURE THAT NEEDS TO GO THERE.
THIS PART OF THE PLAN IS ABOUT 75, 78, $80 MILLION.
MOST OF IT IS THAT SIMPLE PARK THERE.
AND ALL THE CONNECTIVITY THAT'S BUILT HERE, WHICH IS INFRASTRUCTURE, ROADWAYS, PARKS, GREENWAYS AND SO FORTH.
NONE OF THAT OBVIOUSLY IS MAKING MONEY FOR YOU.
SO YOU ARE, THIS IS THE BALANCING WHERE YOU ARE USING RESOURCES IN ORDER TO PAY FOR THAT.
SO TO PUT IT ALL TOGETHER, THERE'S STILL SOME ADDITIONAL EXPENDITURES TO DEVELOP THIS, WHICH BELONG TO EVERYTHING.
DREADING SITE WORK, YOUR BUILDING, YOUR HEADQUARTERS, YOUR MAINTENANCE FACILITIES.
AND THAT'S OVER TIME ABOUT $120 MILLION, $125 MILLION WORTH OF WORK.
LUCKILY, YOU'RE DREDGING, YOU DON'T HAVE A PORT THAT HAS A LOT OF DREDGING, A LOT OF PORTS WILL SPEND THIS IN TWO YEARS DREDGING.
SO IT'S ONE OF THE, ONE OF THE GREAT ADVANTAGES.
SO IF YOU THEN TAKE THAT DEMAND PROJECTIONS FOR EACH CARGO CRUISE COMMUNITY AND BEGIN TO SAY, WHEN DO I NEED IT? THIS IS WHAT IT LOOKS LIKE, THAT YOU BEGIN TO LINE UP THE CAPITAL NEEDS OVER THE YEARS.
THE GREEN, THE BLUE BEAN CRUISE, THE ORANGE BEAN CARGO, AND YOU CAN SEE WHERE IT GOES IN THE COMMUNITY.
SO IT'S EASY THEN TO BLOCK IT FOR PLANNING PURPOSES.
'CAUSE WHAT I THINK IS MOST USEFUL IS YOU SEE THE VISION, YOU KNOW WHAT YOUR IMMEDIATE PROJECTS ARE, BUT YOU CAN START WORKING ON FIVE YEAR PLANS THAT SAYS THIS IS SORT OF THE, THE CAPITAL PROGRAM THAT WE'RE GONNA NEED FOR FIVE YEARS.
SO YOU CAN KEEP PLANNING AHEAD AND THIS IS REALLY IMPORTANT.
SO WHAT DOES IT LOOK LIKE IF WE PUT IT ALL TOGETHER INTO FIVE YEAR PLANS? THE FIRST FIVE YEARS, ABOUT $700 MILLION.
AND THE SECOND ONE, YOU CAN SEE IT AT, UH, MY CLASSES, UH, TO, TO, TO READ ONE, ONE, YES.
SO IT GOES TO 500 MILLION, THEN ANOTHER 500 MILLION, THEN AT THE END, THEN WE PUT STUFF AT THE END AND IT COMES OUT TO A TOTAL OF $2.4 BILLION.
IT IS NOT AN UNUSUAL NUMBER NOWADAYS TO SEE THESE HUGE NUMBERS, BUT WHEN YOU THINK ABOUT OVER 20 YEARS AND THE THINGS THAT ARE DOING AND THE, AND THE REVENUE, IT, IT BEGINS TO MAKE SENSE.
SO MOST OF THIS WAS THE SAME INFORMATION WE'VE GIVEN YOU BEFORE.
ALL WE'VE DONE IS REALLY REFINED IT AND REALLY TESTED EVERY NUMBER AND LOOKED AT THE COST, COMPARED IT TO THE PORTS.
CRESCENT CAPITAL PROGRAM ADDED THAT INTO THEIR ADDED MAINTENANCE ITEMS. SO WE'VE GONE THROUGH AND REALLY TESTED THIS THING.
ANOTHER QUESTION IS, HOW CAN YOU FUND THIS? SO, UH, THE STRATEGIES ARE OBVIOUSLY IS TO, NUMBER ONE IS THAT AT THE END YOU DO HAVE THE REVENUES TO FUND MOST OF THIS AND DIVERSIFY THE REVENUES.
UM, SO YOU WANT TO CONTROL YOUR EXPENSES.
OTHER PORTS HAVE NOT DONE WELL ON THAT AND THEREFORE THEY KEEP GROWING.
THEY'RE GROSS AND THE NET STAYS THE SAME AND THEREFORE YOU CAN'T AFFORD TO DO MORE STUFF.
AND THEN YOU BEGIN TO MIX THAT PROFITABLE AND THOSE THAT DON'T, THAT ARE NOT MAKING PROFIT SO THAT YOU CAN EXECUTE IT IN PARALLEL AND IT MAKES SENSE.
UM, YOU CAN BEGIN TO PRIORITIZE INDIVIDUAL PROJECTS, WHAT'S IMPORTANT FOR YOU, AND THAT'S YOUR DECISIONS.
I MEAN, WE ARE SUGGESTING A, A SEQUENCE THAT WORKS, BUT YOU MIGHT CHOOSE TO SAY, NO, I DON'T WANT, I DON'T WANT TO DELAY THIS OR ANYTHING.
UH, THEN THERE IS THE THING ABOUT THEN THE PROPERTIES, THE DEVELOPMENT OPPORTUNITIES AND BE ABLE TO MONETIZE THAT TO BRING IT IN.
SO THE FINANCIAL FORECAST THAT WE'VE DONE, IT'S LIKE ANY FORECAST, I THINK WE'RE HERE BECAUSE YOU HAVE CONFIDENCE ENOUGH IN OUR LAST MASTER PLAN THAT THE GUIDANCE THAT WE PROVIDED YOU AT HOW SOME OF THE MARKETS REMOVED WE'RE SPOT ON.
BUT WE'RE THE FUTURE, YOU KNOW, WHERE SOMETHING MIGHT HAPPEN AND NOBODY COULD PREDICT COVID, UH, WE THINK IT'S THE BEST, BUT AT THE END IS TO PROVIDE THAT ASSESSMENT.
BUT YOU'RE GOING TO BE EXECUTING THIS IN SMALL CHUNKS, NOT INTO, UH, HERE WE'RE FUNDING THE ENTIRE 2.4 FOR THE PROJECTION.
SO WE HAVE DONE A LOW PROJECTION, A MID PROJECTION, AND HIGH PROJECTION FOR EVERY COMMODITY.
AND THIS ONE THAT I'M SHOWING YOU IS THE MID, IS THE MID, UH, WE HAVE ADDED ANNUAL TARIFF ESCALATIONS AND COST ESCALATIONS AND CAPITAL ESCALATIONS.
SO IN INTO TWO AND A HALF, THAT'S WHAT WE'RE DOING GOING FORWARD.
UM, THEN WE'RE IN INSERTING NEW REVENUES WHEN THEY COME IN, LAND LEASES AND SO FORTH.
[00:30:01]
UH, AND THEN WE ARE ADDING REVENUES ASSOCIATED WITH CAPITAL IMPROVEMENTS, UH, TO FIGURE IT OUT.SO I'M GONNA GO THROUGH IT AND SHOW YOU WHAT, WHAT WHERE WE'RE AT.
SO THIS IS YOUR HISTORICAL PERFORMANCE.
UH, YOU CAME FROM LESS THAN YOU KNOW, A COUPLE DECADES AGO THAT THESE NUMBERS WOULD LOOK RIDICULOUS IF TO THAT PERSON.
UH, YOU ARE IN AN INCREDIBLY HEALTHY POSITION, BUT IT'S ONLY ABOUT DONE BECAUSE YOU NOW HAVE A NEW ASSET THAT YOU PUT INTO PLAY 16 THAT'S GONNA BE GENERATING.
SO, UH, YOU, UH, YOUR, THIS, YOUR GROSS REVENUES AND YOUR EXPENSES ARE REALLY EXTRAORDINARY.
I WANT TO POINT OUT THAT AS OPPOSED TO OTHER PORTS ON YOUR GROSS REVENUES, THIS DOES NOT INCLUDE GRANTS.
IT DOES NOT INCLUDE, UH, ANY EXTRAORDINARY, UH, GAINS FROM INTEREST OR ANYTHING THAT'S BOTTOM UP.
THIS IS ACTUAL OPERATING EXPENSES.
A LOT OF BOARDS PUT GRANTS UP THERE AND THEN THEIR NUMBERS BONUS UP AND FOR ONE YEAR AND THEN THEY LOOK GREAT AND THE FOLLOWING YEAR THEY LOOK LIKE.
LIKEWISE, YOUR YOUR, YOUR EXPENSES HERE IS TAKEN OUT, OBVIOUSLY DEPRECIATION, UH, AND ANY, UH, DEBT PAYMENT.
SO THAT, SO THAT GIVES YOU THE NET, NET OPERATING EXPENSES.
NOW THE FIRST THING WE LOOK AT THAT IS WHAT'S YOUR RATIO? THAT'S YOUR OPERATING EFFICIENCY.
SO YOU, WELL, OBVIOUSLY IN, IN THE COVID YEAR IT WENT UP AND NOW YOU'RE BASICALLY SETTLING IN AROUND 51, 50 3%.
WHAT WE DID GOING FORWARD, UH, AND I SHOWED YOU THIS ONE BEFORE, HOW DO YOU COMPARE TO OTHER MAJOR PORTS? SO THERE YOU SEE, UM, MIAMI, CANAVERAL, PORT EVERGLADES, SAN DIEGO, SAN FRANCISCO, ALL DIFFERENT MIX AND MATCHES.
YOU'RE DOING PRETTY WELL NEXT TO CANAVERAL.
YOU ARE, YOU ARE THE BEST ONE IN MAINTAINING CONTROL OF YOUR COSTS.
I THINK YOU'RE GONNA DO BETTER OVER THE YEARS BECAUSE YOU'VE HAD A BUMP OVER THE LAST FEW YEARS.
BUT, BUT TO BE CONSERVATIVE, WE HAVE, WELL, I'LL GET TO THAT IN A MINUTE.
SO THIS IS THE GROSS REVENUE FORECAST.
NOW, WHEN YOU TAKE ALL OF OUR FORECASTS, THE ALL THE ASSUMPTIONS, IT'S A VERY DETAILED FINANCIAL MODEL TO BE HONEST.
IT'S LIKE 30, 40 SPREAD SPREADSHEETS EACH CALCULATING EACH THING, EACH COST ITEM, EACH LEASE, AND SO FORTH.
YOU CAN SEE BY 2025, UH, WELL WHAT I, WHAT I FIND FUNNY BY 20 30, 20 35, YOU WILL BE EARNING MORE FROM CRUZ ALONE THAN YOU DO WITH THE ENTIRE PORT TODAY.
AND A LOT OF THAT IS BY CONTRACT NOW.
SO YOU'RE NOT, YOU KNOW, WE'RE NOT PLAYING AROUND.
YOU GOT A CONTRACT, WE PAY SO MUCH AND SO FORTH.
SO, UH, WE'RE ALSO, YOU CAN SEE THAT THE CARGO, ALTHOUGH SMALL IS GRAINING GROUND.
AND THEN WE'RE STARTING TO ADD A LITTLE BIT ON THE DEVELOPMENT FOR THOSE PARCELS AND SO FORTH.
THAT COMES OUT A LITTLE BIT LATER.
BUT YOU'RE LOOKING TO GROW THE REVENUES OF THIS PORT FROM 87 TO, UH, OVER 300 MILLION, UH, IN, UH, IN THE, IN THE, IN THE PLANNING HORIZON.
SO FOR THE REVENUE, FOR THE EXPENSES, WE ACTUALLY DID IT IN DETAIL.
SO THIS IS JUST A SUMMARY OF WHERE, WHERE IT CAME OUT, WE WEREN'T TARGETING FOR A PERCENTAGE.
UH, WE'RE KEEPING IT A LITTLE BIT HIGHER THAN WHAT YOU'RE ON NOW THAT YOU'RE RUNNING SOMEWHERE 60 AND THEN IT GOES DOWN TO 50.
OUR THINKING ON THAT IS THAT EVERY TIME YOU ADD A MAJOR PIECE TO THE PORT, THAT BEFORE JUST SITTING THERE DOING NOTHING AND IT'S JUST NOT COSTING ANYTHING.
WE'RE ADDING COST TO THE, TO YOUR OPERATING EXPENSES.
AND MAINLY THE ONES THAT WILL ADD IS MAINTENANCE, REPAIRS AND THEN SECURITY AND SO FORTH.
SO IF YOU SEE THE BUMPS WHERE THEY OCCURS WHEN THE CRUISE TERMINALS ARE COMING ONLINE, BUT THEN OVER TIME THEY STARTED TO COME DOWN BECAUSE THERE'S NO MORE OF THAT.
AND AT THE END WE THINK WE'RE HIGH HERE, BUT WE FELT WANT TO KEEP IT THIS WAY.
'CAUSE THERE ARE CERTAIN COSTS THAT YOU ONLY NEED ONE BOARD, YOU ONLY NEED ONE EXECUTIVE.
YOU KNOW, IT DOESN'T MATTER THE SIZE OF THE PORT.
SO THERE'S A LOT OF COSTS THAT WILL COME DOWN AND MITIGATE THAT.
WITH THAT, WE END UP WITH THESE NET REVENUES FOR THE, FOR THE PORT GOING.
SO FROM THE CURRENT, UH, 47 MILLION TO OVER, YOU KNOW, CLOSE TO 200 MILLION BY, UH, 2040.
UM, AND DOES NOT INCLUDE GRANTS OR NON-OPERATING INCOME AND SO FORTH.
SO WITH THAT, NOW WE HAVE THE BASIS TO DO THE FINANCIAL AND SAY, WHAT, HOW DO YOU PAY FOR THIS WHOLE PROJECT? SO THERE IS FOUR SOURCES OF FUNDING.
UM, THE FIRST ONE IS DEBT WHERE, YOU KNOW, YOU SELL BONDS AND THAT'S IN GREEN.
THE SECOND ONE IS WHAT YOU CALL P THREE OR PARTNERSHIPS, WHICH IS THE DARK BLUE.
AND YOU MIGHT EXECUTE IT, YOU MIGHT NOT.
BUT THIS IS WHERE THE FUND IS COMING FROM AN OUTSIDE NEGOTIATED CONTRACT OR A DIRECT LIKE, UH, THE, THE
[00:35:01]
ROYAL TERMINAL WHERE THEY BUILD THE TERMINAL WITH THEIR OWN CAPITAL.THAT'S A DECISION YOU MAKE AT THE TIME THAT YOU'RE GONNA EXECUTE BECAUSE THAT'S A BUSINESS DECISION.
THEY, YOU KNOW, OBVIOUSLY SOMEBODY PUTTING MONEY, THEY'RE GONNA PAY YOU LESS RENT, AND IF YOU PUT THE MONEY, YOU'RE GONNA GET MORE RENT.
SO IT'S A SEQUENCE AND IT'S A MATTER WHETHER YOU WANT TO TAKE THE RISK OR NOT.
WE FEEL THESE ARE SENSIBLE, UH, NUMBERS HERE.
UM, THE, UH, LIGHT BLUE IS THE GRANTS, UH, AND UH, AND THEN THE LAST IS JUST YOU'RE THROWING OFF A LOT OF CASH BECAUSE EVEN IF YOU SELL BONDS, YOU'RE GONNA HAVE A LOT OF CASH.
AND WE'RE USING THAT WAY KIND OF IN THE BEGINNING OF THE YEAR.
SO THIS BALANCES IT OUT IN TERMS OF HOW YOU, THE SOURCES OF FUNDS, UH, WHERE IN TOTALITY IT WOULD LOOK LIKE IN THE, THE 2.4 BILLION.
1.3 WOULD COME OUT OF PORT CAPITAL, WHETHER IN THE FORM OF CASH OR DEBT.
AND 1.1 WOULD BE FROM PARTNERSHIPS OUTSIDE THAT WILL COME IN AND INVEST, WHETHER IT'S P OR CARGO TERMINAL PARK, WHATEVER IT MIGHT BE, THAT'S A DECISION THAT YOU WILL MAKE LATER ON.
THE PLAN IS NOT AS SILENT AS TO WHO DOES WHAT.
THAT THAT'S NOT, THAT'S NOT OUR INTENT.
BUT TO GIVE YOU A SENSE THAT THIS IS, IF YOU WERE TO ADD ALL OF THAT AT DEBT PLUS YOUR EXISTING DEBT, THIS IS WHAT YOUR COVERAGE WOULD LOOK LIKE.
YOUR COVERAGE IS HOW MUCH MONEY DO YOU HAVE TO THE BOTTOM LINE VERSUS HOW MUCH YOU'RE PAYING IN DEBT.
UH, AND USUALLY THE NUMBER THAT IN THE INDUSTRY USED BETWEEN 1.25 TO 1.5, YOU WANT TO HAVE THE 25 TO 50% COVERAGE.
SO YOU CAN SEE IN THE EARLY YEARS YOU HAVE PLENTY OF THAT, THAT COVERAGE CAPACITY.
AND THE DIFFERENCE BETWEEN THE BLUE AND THE GREEN LINE IS WHAT PERCENTAGE OF INTEREST WILL YOU BE PAYING ON YOUR FOUR AND A HALF OR 5%? SO IT'S MORE LIKELY THE FOUR AND A HALF, WHICH IS THE, THE THE, UH, UH, THE GREEN WAY AROUND.
SO THE, THE THE, THE LESSER ONE, UH, I'M SORRY, THE GREEN ONE IS THE TECH COVERAGE IS THE FORMULA.
SO OUR CONCLUSION WITHOUT GOING INTO A LOT OF DETAIL HERE IS YOU HAVE THE ABILITY TO DELIVER THE PLAN.
YOU WILL HAVE TO STRUCTURE EACH DEAL SUBJECT TO YOUR NEGOTIATIONS WITH YOUR CLIENTS, WHAT THE MARKET CONDITIONS KNOW, YOU KNOW, WHAT'S GONNA HAPPEN NEXT YEAR.
YOU'LL BE HAVING THE SAME DISCUSSIONS OVER THE NEXT FIVE OR 10 YEARS WITH OTHER PEOPLE, AND YOU'LL TAKE A RISK ASSESSMENT.
DO I WANT TO GO INTO DEBT OR NOT? BUT THE FACT IS THAT YOU WILL BE THROWING ENOUGH CASH TO BE ABLE TO PAY EVERYTHING, INCLUDING ALL OF THOSE PUBLIC FACILITIES.
AND WE TALKED ABOUT, UH, CLEARLY THE PORT, IF IT'S NOT, SHOULD BE REVIEWING ITS RATE STRUCTURE FREQUENTLY TO MAKE SURE YOU'RE COMPETITIVE AND SEE WHERE THERE'S OPPORTUNITIES TO RAISE BECAUSE YOU WANT TO BE ABLE TO DO MORE THAN THAN YOU CAN.
SO EVERY BIT OF OF REVENUE THAT YOU CAN GET, AND THE MORE YOU GET USED, THE MORE COMPETI, THE MORE IN DEMAND YOU'RE GONNA BE.
SO CREWS WOULD PROBABLY BE HIGHER AND HIGHER IN DEMAND AS YOU GO FORWARD.
YOU'LL BE ABLE TO MAKE MORE MONEY OUTTA.
SO I SAID, OKAY, THAT'S A LOT OF NUMBERS, A LOT OF THINGS, BUT AT THE END OF THE DAY, I DON'T THINK THAT'S WHAT YOU DO IT FOR.
YOU WANT TO DO IT BECAUSE THE PEOPLE OF GALVESTON IS GONNA LOVE WHAT YOU'RE DOING.
SO WE DID SOMETHING EXTRAORDINARY, WHICH WE NORMALLY DO NOT DO ON MASTER PLANS, IS WE TOOK OUR DESIGN, WE HAVE A REALLY INCREDIBLE DESIGN TEAM, AND NOW HELP WITH AI.
THEY CAN HELP A LOT IN A VERY QUICK WAY AND WANTED TO GIVE YOU SOME IDEAS OF WHAT THEY CAME UP WITH AT THE END.
THIS IS AN IDEA, BUT IT IS BASED ON THAT MASTER PLAN.
IT IS THE RELATIONSHIP OF THESE SPACES OF HOW WE'LL LOOK, OH, BEFORE I, I FORGOT I, ONE MORE THING JUST BEFORE I GET INTO THAT
IT'S JUST TO SAY THIS IS A SUMMARY.
YOU KNOW, IT'S GONNA, WE'RE GONNA GIVE YOU, THIS IS A GUIDING APPROACH FOR YOUR PLAN, MARCUS FLUCTUATE.
THE SYSTEM IS SET UP, YOU DON'T WANNA DO IT, YOU CAN SLOW IT DOWN, STOP IT OR MOVE IT FORWARD.
UM, IT IS SEGREGATED INTO THOSE PLANS FOR PLANNING PURPOSES AT SOME POINT IN TIME IN A BUSINESS PLAN, YOU GOTTA BE LOOKING AHEAD AT LEAST THAT, UH, YOU CAN EXECUTE EACH PROJECT SEPARATELY.
AND, AND THEN AS YOU DID HERE, YOU SHOULD UPDATE THE PLAN BY RESOLVED.
OKAY, I THINK I GOT TO WHERE I WANTED TO BE.
SO AT THE END IS WHAT'S RIGHT.
IT'S REALLY ABOUT WHAT IS THE VISION FOR THE PORT AT THE END.
IT'S BECAUSE YOU'VE LOOKING AT A CITY THAT IS SEEN A PORT THAT WAS THE HEART OF THE CITY.
IF YOU LIVED AROUND IN THE 1800 TO A PORT, THAT WAS REALLY LINE FOLLOW MOST OF IT.
AND IS PART OF IT'S, PART OF IT IS PART OF YOUR DNA.
YOU HAVE THE ABILITY TO CHANGE THAT.
SO WE SAY, OKAY, LET'S JUST TAKE THE EASTPORT SIDE.
AND WHAT WE HAVE DONE IN THE EASTPORT UP TO NOW BECAUSE OF MONEY IS YOU'VE TAKEN THE EXISTING PORT AND REUSED IT FOR SOMETHING.
YOU'VE TAKEN A CARGO PORT AND MADE IT INTO A CRUISE TERMINAL.
[00:40:01]
COLD STORAGE WAREHOUSE AND MAKE IT INTO A TERMINAL.I THINK YOU CAN MOVE FORWARD BEYOND THOSE DAYS NOW.
SO HOW DO YOU CONVERT IT TO THAT? AND THIS LOOKS GREAT BECAUSE EVERYBODY CONCENTRATES ON THE GREEN, BUT THAT REALLY, YOU KNOW, IT'S FOR US.
BUT MOST PEOPLE SAY, OKAY, THAT LOOKS NICE.
SO WE STARTED SAYING, HOW DO WE CONVERT THIS 2D DRAWING TO THIS TWO FLAT DRAWING AND START PUTTING 3D ONTO IT SO WE CAN THEN ARTICULATE THE THINGS THAT PEOPLE, WE HAVE HEARD THE PEOPLE DO.
WE WANT WATERFRONT ACCESS, WE WANT CONNECTIVITY.
PEOPLE SAID, WE NEED THOSE SIDEWALKS IN THIS, AND I'M GONNA SHOW YOU HOW WELL CONNECTED WE'RE GONNA BE.
SO WE DON'T ONLY WORK WITH AI TO SAY, HOW DO YOU PLAN THIS? IT SAID PLAN.
IT'S NOT, AI DOESN'T REALLY, AT THE END, AI IS JUST A BEAUTIFUL RENDERING PIECE THAT ACTUALLY, THAT'S AN AI REGENERATED DRAWING OF WHAT YOUR TERMINAL WOULD BE BUILT ONCE YOU FILL IN THE SLIP, THAT IS ACTUALLY THE SLIP AND THERE'S THE TERMINAL UNDER CONSTRUCTION.
NOW, THIS IS NOT YOUR ARCHITECT, THIS IS THE ARCHITECTURE THAT OUR FOLKS THOUGHT ABOUT FOR THE TERMINAL.
AND THERE'S YOUR TERMINAL BEING BUILT, THAT'S YOUR TERMINAL NUMBER FIVE.
TOTALLY DIFFERENT, TOTALLY DIFFERENT ACCESS.
BUT WE'RE NOT HERE ABOUT THE BUILDING.
'CAUSE YOU KNOW, WE HAVE HOTELS AND YOU COULD BUILD THE HOTELS AND END UP WITH BEAUTIFUL, INTERESTING HOTELS THAT ARE, HAVE THE DNA OF GALVESTON AND SO FORTH WITH THE RED BRICK.
AND SO, AND AT NIGHT IT BEGINS TO CONNECT THE CITY AND THIS IS WHAT YOU END UP WITH, RIGHT? SO THE IDEA IS TO OPEN THE CITY TO THE WATER AND NOT KNOW WHERE THE PORT BEGINS AND THE WATER ENDS, BUT THAT EVERYBODY BEGINS TO ENJOY THE FACILITY.
UH, WE WANTED TO EXTEND THE STREETS ALL THE WAY JUST LIKE THEY USED TO BE, THAT PEOPLE CAN SEE THE END OF THEM AND PROVIDE THAT CONNECTIVITY WITH BEAUTIFUL SIDEWALKS AND CONNECTIVITY.
THAT'S WHAT YOU'RE SEEING ON THE DRAWING.
SO WHEN YOU WANT CONNECTIVITY, WE HAVE CONNECTIVITY AND IT'S A CONNECTIVITY THAT WILL ATTRACT PEOPLE TO COME BOTH FOR THE RESIDENTS AND FOR THE TOURISTS TO COME OUT AND SAY, WOW, WHAT A WONDERFUL PLACE THIS IS.
THAT'S WHAT'S ON THE DRAWINGS, THIS VISION OF, OF THE TWO.
AND AS YOU CAN SEE EVERYWHERE, I'M, I'M POINTING, I'M REALLY FOCUSING ON THE CONNECTIVITY PART.
'CAUSE I KNOW IT'S IMPORTANT TO Y'ALL.
THAT'S WHAT IT WOULD LOOK LIKE FACING THE TEXAS THAT YOU CAN COME UP, GO ACROSS THE STREET, HAVE A PARK RIGHT THERE FRONT OF THE, THE TEXAS WHERE PEOPLE CAN ENJOY AND CONNECT ALONGSIDE.
THEY DID A GREAT JOB OF MODERNIZING THE TEXAS AS WELL, IOWA CLASS.
I KNOW I'VE ALREADY BEEN TOLD THAT
SOMEBODY HAS IT IS, I THINK YOU GET THE POINT
SO THE IDEA IS THAT YOU DON'T SEE THE PARKING, PARKING IS BEHIND.
IN FACT, WE'VE HIDDEN ALL THE PARKING THE PORT HAS BEHIND ALL THESE BUILDINGS.
THAT'S PART OF THE, THE, THE WHOLE IDEA.
AND THEN WE SAID, WHAT, HOW CAN WE CREATE BEAUTIFUL GARDENS THAT, THAT THE TERMINAL BECOMES A BACKDROP AND PEOPLE CAN COME AND USE IT.
THAT WHOLE CORNER THERE WILL BE AVAILABLE FOR, FOR THAT, UH, KIND OF A DESIGN, UH, AND PROVIDE THESE SPACES FOR JUST A BUILDING THAT IS PART OF THE WORKFRONT.
IN FACT, OUR THINKING IS THAT IF YOU BUILD A HOTEL, THE TERMINAL CAN WORK WITH A HOTEL FOR BEING A BALLROOM AND THINGS LIKE THAT.
FOR
UM, BUT IT'S DIFFERENT THAN WHAT YOU'RE THINKING.
BUT THAT'S, THIS IS WHAT YOU COULD DELIVER.
THIS IS THE NEXT, THIS IS THE RESULT OF THIS PLANNING AND WHAT WE HEARD FROM YOU ALL, UH, AND INSIDE IT COULD BE VERY FUNCTIONAL AND SO FORTH.
I'M VERY OPEN, BUT IF YOU WANTED MORE ICONIC TERMINAL, WE, YOU KNOW, I SAID, SHOULD I SHOW YOU THIS? YOU KNOW, BECAUSE I, WE HAD LIKE SIX OF THESE THINGS KNOW WITH THE DIFFERENT DESIGN TEAMS COMING UP, UH, THAT CAN BE DONE TOO.
AND YEAH, YOU KNOW, IT'S A DIFFERENT WAY OF LOOKING AT THE WATERFRONT.
SO THESE ARE JUST THE IDEAS, BUT WHAT I CAN ASSURE YOU IS THE SPACE IS DESIGNED.
THEY, THOSE PEOPLE SPACE, OUR PEOPLE INTERCONNECT.
WE COULD ARGUE ABOUT, YOU KNOW, THE BUILDING THERE AND SO FORTH AND THE TYPE OF ARCHITECTURE.
UM, YOU, YOU WILL END UP WITH A WONDERFUL SPACE THAT I THINK EVERYBODY WILL BE VERY PROUD AND I THINK IT'LL BE THE BEST CRUISE TERMINAL IN THE WORLD, TO BE HONEST, COMPLEX WITH WORLD AND FOR THE CITIZENS THE SAME THING.
SO WE WANTED TO END WITH THIS LITTLE BIT,
[00:45:39]
AND THAT'S THE BEST.SO WE HOPE YOU GET A BETTER APPRECIATION OF WHAT'S IN THE DRAWINGS, WHAT'S IN THE PRICE OF THE DRAWINGS, UH, AND WHAT THE PLAN IS.
YOU HAVE TO HAVE MORE TRAFFIC STUDIES AS YOU ALL DISCUSSED YESTERDAY, AND YOU HAVE TO DO ALL THOSE OTHER THINGS.
BUT I THINK IT'LL COME, YOU ALL COME TOGETHER.
SO THANK YOU AGAIN FOR THE OPPORTUNITY, LEWIS.
AND YOU HAVE ANY QUESTIONS? WELL, MR. DRAY, FIRST OF ALL, THANK YOU.
UH, TIME YOU PRESENT, I GET INVIGORATED.
THIS IS QUITE A, UH, UH, QUITE A, UH, POSITIVE, UH, EXPERIENCE THIS TO WHAT YOU HAVE PREDICTED HERE.
UM, YOU'VE HEARD SOME COMMENTS ABOUT THE CONCERNS WITH THE INFRASTRUCTURE AND TRAFFIC AND THINGS LIKE THAT.
I KNOW THAT'S NOT PART OF YOUR PRESENTATION, BUT DO YOU HAVE SOME COMMENTS ON THAT AND TIMING ON HOW THESE THINGS SHOULD MOVE AND HOW WE SHOULD INTERPLAY OUR MOBILITY PLANS AND STUDIES COINCIDE WITH THIS EXPANSION? SO I, I'VE HEARD IT.
I I, IF I'M SITTING IN THIS SIDE, I WOULD HAVE THE SAME CONCERNS.
HOW DO YOU MOVE 8 MILLION PEOPLE OR 11 MILLION PEOPLE? FIRST OF ALL, THE TRAFFIC IS GONNA BE GENERATED NOT BY THE EIGHT.
IT'S GONNA BE WHATEVER TRAFFIC YOU HAVE ON THAT DAY.
SO IT'S, YOU MIGHT USE THE TERMINAL MORE IN A WEEK AND SO FORTH.
BUT, UH, I BELIEVE THAT WHAT I HEARD YESTERDAY IS YOU'RE GOING OUT WITH THE RP TO DO YOUR TRAFFIC STUDY AND THE TRAFFIC ANALYSIS AND WHAT THREE OR FOUR MONTHS THAT YOU WERE PROVIDING, I BELIEVE, I FORGOT WHAT, WHAT THE PORTS SAY TO DO THAT.
YOU'LL HAVE A PLAN, UH, IN VERY SHORT TIME.
BUT IRRESPECTIVE OF THAT, I BELIEVE THAT THERE ARE MANY SOLUTIONS HERE.
YOU'VE GOT A GRID SYSTEM FIRST FOR STREET GRID SYSTEM THAT I THINK IT'S A MATTER OF PERSPECTIVE.
MOST OF THE TIME YOU GO THERE, THERE'S PLENTY OF CAPACITY, THERE'S NO NO TRAFFIC GOING BACK AND FORTH.
YOU KNOW, THE GRID SYSTEM HAS FOUR WAY STOPS ON EVERY INTERSECTION, WHICH IS PURPOSELY LOT ON NECK AND YOU AT EVERY ENTERTAINMENT.
SO YOU HAVE A LOT OF OPPORTUNITIES TO CLEAR TRAFFIC VERY NICELY OUT OF HERE.
UM, YOU HAVE HARBORSIDE DRIVE CONNECTIVITY THAT WE BUILT IN THAT WILL GO OUT OUTSIDE THAT IS MORE THAN THAT ALONE, WILL HAVE MORE THAN ENOUGH CAPACITY ONCE IT'S BUILT TO TAKE CARE OF ALL THE, ALL THE TROUBLES ALONE.
SO, UM, I THINK YOU'RE GONNA BE, I THINK YOU'RE GONNA, YOU'RE GONNA BE ABLE TO COME UP WITH A SOLUTION THAT THAT'S GOOD FOR THE COMMUNITY WHERE YOU KEEP OFF, SAY THESE STREETS ARE NOT FOR CREWS AND THESE ARE THE WAY YOU GET OUT AND, UH, YOU'RE GONNA HAVE THE CAPACITY.
YOU, I THINK, I THINK IT'S, I THINK I'M PRETTY CONFIDENT THAT WE CAN DO THAT HAVING DONE SO MANY OF THESE THINGS.
SO MOST OF THE TIMES WE TRY TO DO STUFF LIKE IN NEW YORK CITY OR IN BOSTON, AND THEN SOMEBODY DOESN'T KNOW.
SO YOU EITHER RESTRICT THE TRAFFIC, THAT MEANS YOU, YOU'RE AMOUNT TRAFFIC OR YOU RESTRICT THE NUMBER OF SHIPS, BUT THERE'S NO SOLUTION.
BUT HERE YOU DO HAVE THE ABILITY TO MOVE PEOPLE OUT HERE COORDINATED WITH THE CITY, AND THAT HAS TO BE WELL PLANNED WITH.
THANK YOU FOR THE PRESENTATION.
I LIKE THE FIVE YEAR INCREMENTAL APPROACH THAT YOU YOU'RE TAKING HERE.
CAN YOU TALK A LITTLE BIT OF HOW OUR EXPENSES GROW WITHIN THOSE YEARS AND HOW DID YOU FIGURE THOSE OUT? BECAUSE EVERY TIME WE OPEN A NEW TERMINAL, WE EXPAND AND WE HAVE TO PAY MORE OBVIOUSLY FOR SERVICES.
SO HOW, HOW DOES THAT, HOW DOES THAT FIGURE OUT AND DO? SO WE HAVE, UH, THE FINANCIAL MODEL, WHICH WE'LL GIVE TO THE BOARD, BUT IT'S AS JUST AS DETAILED AS JUST AS THEY GIVE US EVERY LEASE, EVERY, EVERY COST, ALL YOUR STAFFING WHERE YOU'RE SPENDING ALL THE MONEY AND OUR TEAM ESCALATED THAT BASED ON SOME MODEL.
THAT MODEL MIGHT HAVE BEEN NUMBER OF PASSENGERS OR NUMBER OF FACILITIES, UH, OR JUST TIME.
UM, AT THE END WHEN WE DID ALL THAT SAYS, OKAY, SECURITY'S GOTTA GO BY 30% EVERY TIME WE HAVE THE INTER MODEL ON THIS, THE NUMBER STILL CAME OUT LOWER THAN THE NUMBER I SHOWED YOU.
UH, WE THEN HAVE TO MAKE THE ASSUMPTION AS SAYS, WELL, YOU KNOW, SOME
[00:50:01]
COSTS ARE GONNA GO UP NO MATTER WHAT INSURANCE, UM, YOU KNOW, THINGS THAT, THAT THAT WE, BUT WE DID A LINE ITEM BY LINE ISLAND AND AT THE END THAT WE ADJUSTED IT UP TO STAY IN THAT 50 SOMETHING RANGE, WHICH IS, IT'S EASILY DOABLE.NOT EASILY DO AS LONG AS FROM DAY ONE YOU GOT YOUR EYE ON IT.
I THINK YOU'VE GOT A TEAM THAT'S LOOKING AT IT.
THERE'S OTHER PORTS THAT DON'T HAVE THAT AND THEY JUST KEEP GROWING.
AND THEN YOU LOOK AT IT AND SAY LIKE, YOU GO TO A MEETING AND THERE'S LIKE 30 PEOPLE IN A MEETING.
LIKE, WHY? I MEAN ONLY
LOUIS, IS THERE ANYTHING INTRINSIC IN THE PLAN THAT, UH, REQUIRES IT BEING INITIATED? NOW? CAN'T, CAN MY QUESTION IS, MY CONCERN IS, UM, I DON'T, I KNOW WE'VE TRIED, I'M NOT KNOCKING THOSE CIRCLES.
I JUST, I DON'T THINK WE'VE HAD SUFFICIENT COMMUNITY INPUT OKAY.
BASED ON THE COMMENTS FROM SOME OF THE PEOPLE TODAY.
UM, SO IF WE TOOK A MONTH OR TWO TO GET MORE COMMUNITY INPUT AND THAT, AND SOME THINGS SURFACED THAT MADE SENSE THAT WOULD IMPACT OR CHANGE THE PLAN IS, IS THERE ANY REASON THAT WE NEED TO INITIATE IT NOW? WELL YOU THEORETICALLY YOU'RE OPERATING UNDER YOUR OLD MASTER PLAN, CORRECT.
SO THAT OLD MASTER PLAN HAS SOME OF THE ISSUES THAT, THAT PEOPLE WANTED TO REVISIT.
SO IN A WAY, THE DECISIONS ARE YOURS TO MAKE.
I I, I, UH, YOU KNOW, YOU WOULD KNOW BETTER IF YOU, WE DIDN'T GET ENOUGH COMMUNITY INPUT.
WE HAD THAT GREAT MEETING AND UH, UH, LAST YEAR AND WE HAD WHAT, LIKE A HUNDRED AND SO ODD PEOPLE SHOW UP AND, UH, I WAS PLEASANT, SURPRISED HOW HOW MANY PEOPLE, UH, SHOWED UP.
WE THEN HAD THE WEBSITE, GOT VERY FEW INPUT, THEN WE FOLLOWED UP A FEW PLACES.
AND, UH, SO WITHIN THE TIMEFRAME I THOUGHT WE, WE HAD GOTTEN A GOOD ONE.
BUT IS THERE ANYTHING IN THE PLAN? NO, THAT'S YOUR DECISION AS A BOARD WHEN YOU APPROVE THINGS.
ANY, ANYTHING ELSE FOR LEWIS? I, I JUST, JUST THROWING OUT A THOUGHT AS, AS I HEARD THE, THE SPEAKERS THAT THE PUBLIC SESSION AND TALK ABOUT, WE'VE GOT SOME PLACEHOLDERS IN HERE FOR POTENTIALLY A SIXTH AND SEVENTH TERMINAL.
IS THERE AND, AND IT'S MAYBE MORE OF A STATEMENT THAN A QUESTION, BUT MAYBE IT'S, DOES WE NEED TO HAVE A PLACEHOLDER IN THERE ALSO FOR, BECAUSE OBVIOUSLY IF WE DID, IF WE DID A SIXTH AND SEVENTH TERMINAL DOWN MM-HMM
TOWARDS 33RD STREET, WE WOULD NEED SOME KIND OF GET INTO SOLUTIONS HERE.
BUT OBVIOUSLY IT'S SOMETHING TO GET PEOPLE FROM 45 TO 51ST.
SO THERE'S SOME FAIRLY LARGE INFRASTRUCTURE, YOU KNOW, IMPROVEMENT THAT YOU WOULD NEED THERE TO GET PEOPLE INTO THAT.
IS, IS THERE A PLACEHOLDER OR IS THAT REFLECTED IN THE PLAN? THAT TYPE OF, AND I MEAN OBVIOUSLY THAT'S, WE HAVE, WE HAVE IMPROVEMENTS IN THE ROAD OVER THERE IN THE PLAN WHERE WE COULD IDENTIFY.
WE DID JUST TRYING TO, YOU KNOW, WE GOT, WE'VE GOT A TERMINAL, A PLACEHOLDER FOR A TERMINAL.
MAYBE WE ALSO NEED A A, A PRETTY, YOU KNOW, IDENTIFIABLE PLACEHOLDER FOR SOME KIND OF MAJOR IMPROVEMENT FROM 45 TO 51ST, WHATEVER THAT, I KNOW WE'VE GOT SOME GRANTS THAT WE'RE LOOKING AT THAT, BUT I MEAN, MAYBE THERE NEEDS TO BE AN IDENTIFIED PROJECT FOR THAT INFRASTRUCTURE IMPROVEMENT.
'CAUSE I, I THINK THE SPEAKERS ARE, WE'RE WELL STATED.
I THINK ALL OF US PUTTING WORDS IN ANYBODY'S NOW, BUT I THINK WE ALL FEEL THE SAME WAY IN, IN THE FUTURE.
YOU, THE FUTURE BOARD AND FUTURE CEO WANT TO DO A SIXTH AND SEVENTH EXPANSION.
YOU'RE GONNA NEED TO REALLY HAVE A GOOD, YOU KNOW, HANDLE ON THE INFRASTRUCTURE NEEDS, THE ROADWAYS.
AND SO MAYBE REFLECTING A A, A PROJECT IN THIS MASTER PLAN ASSOCIATED WITH THAT WOULD BE A WAY TO KIND OF CLEAR TO IDENTIFY THAT THAT'S IN THE THINKING AND IN THE PLANNING.
I'M JUST REMEMBERING THE EACH CAPITAL PROGRAM HAS A BACKUP AND THAT'S IN THE, WE'RE GONNA PRODUCE AS AN APPENDIX.
SO EVERYBODY HAS A BACKUP IN THAT TERMINAL.
THERE IS A LOT OF INFRASTRUCTURE BUILT.
'CAUSE THERE'S A BUNCH OF OTHER THINGS THAT ARE HAPPENING THERE.
WE'VE GOT LANDSCAPE, WE'VE GOTTA MOVE ROADS, WE GOT INTERSECTIONS, WE GOT SOME THAT WAS BUILT INTO THAT TERMINAL.
WHETHER YOU WANT TO PEEL THAT OUT AND SAY, OKAY, LET'S CALL THAT A SEPARATE PROJECT.
I DON'T THINK IT WILL ADD THAT MUCH COST.
I THINK IT'S ALREADY THOSE TERMINALS YOU SEE THE COST ARE MUCH HIGHER.
THAT HAD TO REFLECT THAT INPUT THAT, YOU KNOW, THERE OBVIOUSLY NEEDS TO BE SOME FAIRLY SIGN INVESTMENT IN INFRASTRUCTURE IF THAT SIX AND SEVEN SERMON RIVER COMES TO PASS.
UH, RICHARD, SPEAKING OF THAT, OF THAT WORK DOWN THERE, UH, IS, AM I CLEAR THAT YOUR INTENTION WOULD BE TO HAVE US DEMOLISH,
[00:55:01]
UH, 20 TERMINAL 25 IN ABOUT YEAH, IN ABOUT 10, 15 YEARS.WHENEVER AT TIMES THAT, THAT IT WOULD MAKE A LOT MORE SENSE BECAUSE YOU CAN ALIGN THE, WE CAN ALLOW, THAT'S THE 25, THE OLDEST ONE IS NOT VERY FUNCTIONAL INSIDE.
IT'S GOT THE CVP THAT THEY'RE NOT HAPPY WITH.
ARE YOU TALKING ABOUT THE, THE METAL METAL BILL METAL.
I THOUGHT YOU WERE TALKING ABOUT.
NO, WE DIDN'T, WE DIDN'T TOUCH 25, BUT WE GLAD TO SHOW IT IN THERE.
THE GREEN, YEAH, THE METAL ONE.
WE, WE THOUGHT THAT AT SOME POINT IN TIME YOU WOULD HAVE TO PUT SO MUCH MONEY INTO THAT, RIGHT? THAT JUST WE CAN, WE ALIGNED THE SITE PLAN A LOT BETTER.
UM, AND I THINK I'M GONNA BE RESTATING KIND OF WHAT WHAT HAS ALREADY BEEN COMMENTED ON AND, AND BY THE BOARD, BUT I DO AGREE WITH LIKE WE'RE LOOKING AT PORT PROPERTY AND THE VISION FOR THAT PORT PROPERTY AND, AND ALSO HOW IT'S GOING TO, UM, CONNECT TO THE COMMUNITY, HOW PEOPLE CAN GET TO AND FROM IT AND FEEL LIKE IT'S ALL INTERCONNECTED AND SOMETHING THAT, THAT WE AS CITIZENS CAN BE PROUD OF.
BUT I THINK I'VE HEARD IT AND I DO AGREE THAT THERE ARE PROJECTS THAT DOVETAIL WITH THIS MASTER PLAN THAT EXISTS OUTSIDE OF THE, UH, THE PORT SCOPE, UM, THAT WOULD WORK CLOSELY WITH THE CITY AND TXDOT THAT MAYBE SHOULD BE ACKNOWLEDGED IN THE PLAN AS TRIGGERS, YOU KNOW, IF, IF, IF PARTICULAR ASPECT OF THIS MASTER PLAN IS GOING TO MOVE FORWARD THAT CERTAIN UH, CHECKS NEED TO BE MADE OUTSIDE OF THE PORT'S MASTER PLAN SCOPE, UM, FOR INTERCONNECTIVITY OR MOBILITY.
A LOT OF THAT I THINK INPUT AND INFORMATION WILL COME FROM THIS STUDY THAT'S ONGOING NOW.
SO I JUST THINK THAT MAYBE THAT COULD BE, YOU KNOW, INCLUDED.
ANY OTHER QUESTIONS FOR LEWIS? SHE, YES.
UM, YOU TALKED ABOUT, FIRST OF ALL, THANK YOU.
UM, YOU TALKED ABOUT WHEN OVER THE TIMES THAT YOU'VE BEEN HERE UPDATING THIS PLAN, UM, BETTER UTILIZING THE TERMINALS THAT WE HAVE.
AND I WONDERED IF YOU COULD PROVIDE ANY MORE DETAIL AROUND THAT IN TERMS OF HOW DO WE GO ABOUT MAKING THAT HAPPEN? IT'S A WONDERFUL IDEA, BUT HOW DO WE, HOW DO WE MAKE THAT HAPPEN? SO THE, HERE'S THE, IT'S A COMMERCIAL DECISION THAT WE GO FROM THE CUSTOMER'S ALWAYS, RIGHT? AND A CUSTOMER COMES IN AND I WANT A TERMINAL FOR SATURDAY, I WANT IT FOR TUESDAY.
AND THEN YOU SAY, WHEN DO YOU TRIGGER THE TERMINAL? THE WAY THAT WE IDENTIFY WHEN WE TRIGGER THE TERMINAL, WHEN YOU HAVE 50% UTILIZATION OF TERMINAL, THAT YOU HAVE A THREE AND A HALF, WHICH MEANS FOUR DAYS, AND ONE, THREE AND THE OTHER, MORE OR LESS.
AND THAT'S WHEN WE SAY, OKAY, NOW WE PUT THAT TERMINAL IN, IN ORDER TO MEET YOUR DEMAND.
IF NOT, YOU WOULD NEED, YOU'RE GOING, RIGHT? YOU'RE GOING FROM THREE TO 11.
WE'RE ONLY ADDING TWO TERMINALS.
SO, SO, UH, WE'RE NOT ADDING SIX TERMINALS.
SO WE ARE ACTUALLY ACCOMPLISHING THAT THROUGH THE PLAN.
SO WHAT WILL HAPPEN IN REALITY IS THAT THERE'S A FINALITY TO THE AMOUNT OF TERMINALS YOU HAVE AND THE INDUSTRY BEFORE.
WHAT THEY WOULD SAY, WELL, IF, UH, IF THIS IS WHAT WOULD HAPPEN IN MIAMI, THIS IS IF YOU DON'T GIVE US A TERMINAL SATURDAY, WE'LL MOVE TO PORT EVERYBODY ON SATURDAY.
THAT WOULD TRIGGER EVERYBODY GO TERMINALS.
SO THEREFORE THEY END LEVEL 11 AND SEVEN TERMINALS, 18 TERMINAL PEOPLE, TWO PORTS.
AND THEY SAID, WELL, WE'LL MOVED TO CANAVERAL.
THAT, THAT IS NOW COMING TO A FINITE END BECAUSE THEY DON'T HAVE ANY ANYMORE SPACE TO PUT FOR TERMINALS YOUR LITERAL COMPETITION THAN IS NEW ORLEANS MOBILES TRY TO DO ONE.
UH, NEW ORLEANS IS TRYING TO DO ANOTHER TERMINAL, BUT THEY'RE LIMITED IN THE, IN THE, UM, INFRASTRUCTURE, GETTING TO SHIP IN AND OUT AND SO FORTH.
TAMPA WOULD BE THE OTHER, BUT THEY HAVE THE BRIDGE AND THE BRIDGE IS LIMITED IN THEM.
SO THE BIG, NONE OF THESE SHIPS CAN GET INTO TAMPA.
NOW, I DON'T KNOW IF YOU, UH, READ, BUT ABOUT THREE WEEKS AGO, FINALLY BECAME PUBLIC.
THAT WAS A PRIVATE ENTITY TRYING TO BUILD, PROPOSING TO DO A PORT OUTSIDE OF THE BRIDGE IN TAMPA HARBOR.
IT'S A LONG, LONG, LONG RISKY PROPOSITION.
UM, SO THAT JUST CAME OUT IN THE PAPER AND THEN THEY GOT, THEY HAVE A LOT OF BACKING TO IT.
[01:00:01]
THAT WOULD BE THE ONLY PRESSURE OF YOU SAYING, LISTEN, YOU WANT TO COME TO THIS MARKET? I'M ONLY, I'M ONLY GIVEN TO YOU ON THURSDAY.AND SO I THINK IT'S A LITTLE BIT OF BOTH AT THE SAME TIME.
SO WHAT WE'VE DONE IS SAY, OKAY, YOU WENT FROM USING IT ONCE A WEEK, TWICE A WEEK, THREE OR FOUR DAYS A WEEK.
SO THAT'S WHAT WE'VE BEEN USING.
AND THEN AT THE END WHEN WE SAID, DO YOU NEED A TERMINAL? YOU DON'T NEED IT IF YOU FORCE 'EM TO USE IT FIVE DAYS A WEEK.
SO IT'S A DECISION THAT YOU'LL BE MAKING LITTLE BY LITTLE WITHIN, BUT A SUPPLY OF DEMAND, THEY REALLY WANT TO BE IN HERE AND THERE NO OTHER PLACE.
THEN YOU HAVE A BETTER SHOT THAN IF YOU HAVE A COMPETITOR POPPING UP.
SO THEY'LL BUILD A TERMINAL, YOU CAN HERE 'CAUSE THEY WILL MOVE.
THAT'S WHAT HAPPENED IN NEW YORK.
UH, UH, UH, ROYAL CARIBBEAN WENT TO NEW JERSEY.
IT'S, IT'S A, IT'S A BUSINESS.
I, I'D LIKE TO SHIFT, UH, SHIFT CARGO FOR A SECOND.
UH, IN SOME OF OUR PAST DISCUSSIONS YOU TALKED ABOUT FROM THE CARGO STANDPOINT, WE MAY HAVE TO LOOK AT DIFFERENT SOURCES OF CARGO AND DIFFERENT BUSINESSES OF DEALING WITH CARGO IN THE FUTURE.
YOU STILL HAVE THAT SAME FEELING AS WE'RE MOVING FORWARD NOW STILL.
AND WE IDENTIFIED A BUNCH OF DIFFERENT COMMODITIES AND CARGOS THAT COME IN HERE.
AND SO THE, THE, THE CONCEPT OUT THERE IS A BLEND THAT WILL REACT TO ANYTHING.
THAT'S WHY IN FACT, THE BIG YARD IS WHAT WORKS FOR YOU.
THAT YOU DON'T HAVE THESE SMALL YARDS AND THEN YOU SHIP, YOU HAVE TO BE ABLE TO FIT IN THERE.
NOW, YOU KNOW, AT, AT THE END, YOU KNOW WHERE THE CONTAINERS ARE.
HERE THEY MOVED AND MAYBE THAT WAS A STRATEGIC DECISION THAT WAS NOT MADE BY, BY A BOARD MAYBE YEARS AGO HERE, I DON'T KNOW.
BUT SOMEBODY MADE A DECISION AND THAT STRATEGY MOVES.
SO IT'S SORT OF PARALLEL TO WHAT YOU'RE GOING THROUGH.
AND, UM, BUT THE, WITH THE, THIS ADMINISTRATION'S PUSH TO GET BALANCE GRADE AND TARIFFS AND ALL THAT, I THINK THERE'S GONNA BE CHANGES IN THE TRADE PATTERNS FOR SURE.
NOW HARD TOO, TOO TWO, UH, EARLY TO TELL WHERE, WHERE THAT ENDS.
BUT HAVING A 180, 200 YARD, 200 ACRE FACILITY THERE WILL GIVE YOU ALL THE FLEXIBILITY YOU WANT.
PELICAN BAY, PELICAN ISLAND, WE CAN GET RAIL IN THERE.
AND THEN YOU HAVE, THEN YOU HAVE A DIFFERENT PLAY THERE.
AND AS YOU KNOW, THE ADMINISTRATION IS ALSO PUSHING FOR SHIPYARDS.
SO, AND THAT'S ANOTHER WHAT ERIC WAS TALKING ABOUT, A TRIGGER RAIL TO PELICAN ISLAND THAT WOULD THEN BRING A WHOLE DIFFERENT CHANGE TO THE PLANT.
AND YOU KNOW, THERE'S A LOT OF THINGS YOU COULD DO, BUT WE STAY WITHIN THE FOOTPRINT OF THE PORT.
AND YOU'RE DOING A PORT MASTER PLAN.
IN FACT, IN MOST MASTER PLANS, THEY WOULD NOT DARE DO WHAT WE JUST DID WITH THE, UH, PUBLIC SPACE.
NONE OF, YOU KNOW, THEY WANT TO, YOU KNOW, PUT THE FENCE AND THAT'S IT.
AND THAT'S WHAT, HOW THEY'RE ALL DONE.
AND UH, SO YOU'RE REALLY BREAKING NEW, NEW, NEW GROUND IN TERMS OF PORT CITY PLANNING.
WE'RE ONE OF THE FEW PORTS THAT CAN DO THAT, FROM WHAT I UNDERSTAND.
IS THAT RIGHT? YEAH, I THINK, I THINK THAT THE, THE TWO OLDER MODELS IS WHEN, WHEN THE PIERS THAT WERE SURROUNDING CITIES, THEY MOVED OUT TO THE CONTAINER YARD AND THEN THE PIERS GOT ABANDONED AND THEY WERE SAT THERE, WHETHER IT WAS BOSTON HARBOR OR NEW YORK HARBOR, SAN FRANCISCO HARBOR.
AND THE END RESULT WAS THAT YOU LOST ALL THE MARITIME TRADE, THEY BECAME SOMETHING ELSE.
THEY BECAME A PARK, THEY BECOME A RESIDENTIAL CONDOMINIUMS, BUT THE WORKING WATERFRONT IS, WAS OUT.
SO YOU STILL HAVE THAT WORKING WATERFRONT.
YOU STILL HAVE THE VITALITY, THE VITALITY OF THAT.
SO THAT'S WHAT, AT THE END, AT THE ROOTS OF THIS THING MAKE A LOT OF SENSE.
ANY OTHER QUESTIONS FOR LEWIS? THANK YOU.
UM, DO WE HAVE AN EXECUTIVE SESSION SCHEDULED? I GUESS MY QUESTION, DO WE HAVE, UH, TOPICS FOR AN EXECUTIVE SESSION? NO, NOW, UNLESS THERE WAS SOME GENERAL DISCUSSION FROM THE BOARD THAT THEY WANTED TO HAVE IN PRIVATE.
PLACEHOLDERS, ECONOMIC DEVELOPMENT OR REAL ESTATE OR QUESTIONS FOR LEGAL COUNSEL.
I GUESS, DOES ANYONE FEEL WE HAVE NEED TO GO INTO EXECUTIVE SESSIONS? CERTAINLY COULD DO.
I'M NOT SEEING A LARGE GROUNDSWELL.
SO WITH THAT, I'M GONNA MAKE AN EXECUTIVE DECISION AND MOVE ON TO, UH, E WHICH IS RECON RECONVENE THE MEETING, WHICH, YOU KNOW, WE DIDN'T BREAK.
[F.1 Discuss and Consider for Approval the Updated Master Plan]
F1 DISCUSSED AND CONSIDER FOR APPROVAL THE UPDATED MASTER PLAN, I'LL MAKE A RECOMMENDATION TO APPROVE MOTION.[01:05:01]
THE MASTER PLAN THAT'S PRESENTED.DISCUSSION, RICHARD? I, UH, I I THINK WE, MY, MY CONCERN IS, IS THAT THE NUMBER OF POTENTIAL PASSENGERS THAT THIS PLAN IS DESIGNED TO BRING, ALBEIT IN 2045, IS ROUGHLY THREE TIMES WHAT WE HAVE NOW.
AND WE'RE SCRAMBLING TO KEEP UP WITH WHAT WE HAVE NOW.
SO I'M CONCERNED THAT WE HAVEN'T, THAT WE HAVEN'T GOTTEN A HANDLE ON WHAT, WHAT WE CAN DO NOW.
AND THAT I WOULD SUGGEST WE WAIT.
UH, AND I KNOW WE CAN, I MEAN, I KNOW IT, THAT THAT APPROVING THE PLAN DOESN'T START A BUILDING PROJECT OR, OR WHATEVER.
BUT I THINK, I THINK IT'S, UH, I THINK IT SPEAKS TO OUR CREDIBILITY, UH, THAT WE WOULD APPROVE A PLAN TO BRING 12 MILLION PEOPLE, 12 MILLION PEOPLE HERE BY, BY 2045 WHEN WE'RE STRUGGLING TO KEEP UP WITH WHAT WE, WHAT WE HAVE NOW, WHICH IS ABOUT THREE AND A HALF OR FOUR.
SO MR. PEARSON, I DON'T THINK IT'S 12 MILLION, I THINK IT'S FIVE.
FIVE OR SIX, RIGHT? IT'S PASSENGER MOVEMENTS NOT, I UNDERSTAND.
BUT, BUT IT'S, IT'S, IT'S PEOPLE LOADING THE SHIP AND PEOPLE COMING OFF THE SHIP ON THE SAME DAY, BUT IT'S STILL FIRING FIVE AND A HALF MILLION PEOPLE TOTAL.
IF YOU THINK THAT WE HAVE AN ISSUE RIGHT NOW WITH HALF OF WHAT WE'VE GOT.
I AGREE THAT, THAT'S MY POINT IS IT DOESN'T MATTER HOW YOU COUNT IT.
IT'S, IT'S THREE TIMES, IT'S BASICALLY THREE EVERYTHING.
IT'S THREE TIMES AS MUCH AS WE HAVE NOW.
IT'S JUST, IT'S, I THINK, I THINK WE NEED, I PERSONALLY THINK WE NEED TO HAVE MORE INPUT FROM THE COMMUNITY.
AND I KNOW WE, I'M NOT KNOCKING ANYBODY.
I KNOW WE'VE ATTEMPTED TO DO THAT.
I THINK WE COULD DO, HAVE OUR COMMUNICATIONS PEOPLE DO A SERIES OF INFORMATION PIECES IN THE PAPER AND, AND, AND ELICIT MORE INPUT.
BUT, YOU KNOW, IF THE COMMUNITY DOESN'T WANT MORE, THEN WE NEED TO LISTEN TO THAT.
WELL, I APPRECIATE THE WAY OTHER THOUGHTS, I APPRECIATE THE WAY THEY DID GO REACH OUT TO COMMUNITY.
YEAH, NO, I, YOU KNOW, AND I THINK, I THINK, AGAIN, THIS DOESN'T PUT SHOVELS IN THE GROUND GROUND TOMORROW.
WE'RE, AS A BOARD ARE GONNA BE ABLE TO STILL TALK AND COMMUNITY GONNA BE ABLE TO COME TO THE NEXT MEETING AND SAY, HEY, DON'T DO THAT YET.
BUT I THINK THIS PLAN IS A, IS A GOOD FRAMEWORK TO GET GOING AND, AND YOU KNOW, IT'S WHAT WE PLANNED WE WOULD BE DOING AT THIS TIME.
ANYWAY, STEVEN, ONE OF THE CONCERNS THAT I HAVE IS THAT WE HAD A MASTER PLAN 20 18, 20 19, AND WE ACCELERATED THAT, UM, QUITE A BIT.
I GOT ON THE BOARD, THERE WERE TWO TERMINALS, NOW THERE ARE FOUR AND DEFINITELY, UM, SOME PRELIMINARY, PRELIMINARY WORK ON FIVE.
UM, I'M, I'M TRYING TO FIGURE OUT HOW I CAN SUPPORT THE PLAN WITH NO CONVERSATION AT ALL ABOUT A SIXTH AND SEVENTH TERMINAL.
'CAUSE I, I DON'T WANT ANYONE IN GALVESTON, WHETHER THEY AGREE OR DON'T AGREE, I DON'T WANT THEM TO THINK THAT I'M SAYING, YEAH, THAT'S, THAT'S OUR VISION.
YOU KNOW, WE'RE GONNA, WE'RE GONNA HAVE A SIX AND SEVEN TERMINAL BE 20 YEARS, BUT AS WE KNOW, 20 YEARS BECOMES 10 BECAUSE EIGHT.
UM, AND WE TEND TO ACCELERATE THINGS AS WE SEE THAT THERE ARE MONETARY OPPORTUNITIES.
I DO NOT WANT TO, UM, YOU KNOW, DISMISS THAT IN ANY WAY.
BUT I, I CAN'T SAY YES TO IT WHEN IT'S TALKING ABOUT THINGS THAT I DON'T THINK GALVESTON CAN HANDLE.
IF YOU LOOKED AT THE FIRST SLIDE THAT LEWIS SHOWED US OF THE HISTORIC MAP OF GALVESTON, THAT'S THE CORE OF THE CITY.
[01:10:01]
YOU KNOW, WE'RE NOT HOUSTON, WE DON'T GROW OUT HERE.NOT DALLAS, WE'RE NOT BIG CITIES.
AND IT, THE LITTLE TAIL, UH, WAS GONE, BUT THE CORE OF THE CITY WAS SHOWN IN THAT HISTORIC MAP.
AND I JUST, UM, CONTINUE TO WONDER, UM, WHEN IS ENOUGH ENOUGH FOR THE GALVESTON COMMUNITY, NOT, NOT THE CRUISE INDUSTRY, BUT THE GALVESTON COMMUNITY.
AND, UM, I HEAR DIFFERENT THINGS THAN SOME OF YOU DO, BUT PEOPLE ARE TELLING ME ENOUGH, I MEAN, SACRED HEART CHURCH ON SUNDAY MORNING ANYWAY, UM, HELPS YOU BACK.
BUT THAT'S, THAT'S KIND OF WHERE I'M AT.
I, I KNOW WHERE RICHARD AND SHE WAS COMING FROM, AND I, TO A CERTAIN EXTENT SHARE THE SAME FEELINGS ON THIS SAYING THAT TO ME.
I THINK IT'S OUR PERSPECTIVE OF WHAT THE MASTER PLAN IS TODAY.
THE MASTER PLAN IS A VISION FOR THE FUTURE, AS LEWIS MENTIONED.
IT DOESN'T MEAN WE'RE GONNA BUILD THAT.
IT MEANS THAT THIS IS A PLAN THAT AS WE START TO PUT OUR THOUGHTS TOGETHER, THAT WE CAN KIND OF WORK FOR 'EM, WORK FROM, AND MAKE CHANGES AS NECESSARY.
I DO THINK THAT IF WE APPROVE THIS PLAN, WE NEED TO APPROVE IT IN A MANNER THAT WE LET THE COMMUNITY KNOW THAT THESE SET THESE, THIS VISION IS NOT EDGED IN STONE.
AND WE HAVE TO LOOK AT THE INFRASTRUCTURE HANDLING TRAFFIC AND SO FORTH TO MOVE FORWARD.
NOW HOW WE DO THAT AND APPROVE THE PLAN.
I'M NOT AGAINST CONCLUDING THE PLAN NOW, BUT I DO THINK WE NEED TO HAVE AN ASTERISK.
WE NEED TO HAVE A COMMENTS, WE NEED TO HAVE SOMETHING IN THE PLAN THAT DENOTES THAT WE DO FEEL LIKE WE HAVE TO ADDRESS THE INFRASTRUCTURE TO MANAGE TRAFFIC AND, AND ALL OF THAT.
AND ITS IMPACT ON THE COMMUNITY BEFORE ANY DECISIONS ARE MADE BY THIS FOREST BOARD.
I WAS JUST SAYING THAT WAS MY THOUGHT INITIALLY WHEN LEWIS WAS PRESENTING AS THAT MAYBE THERE'S A, MAYBE THERE NEEDS TO BE A FAIRLY SIGNIFICANT, YOU KNOW, PLACEHOLDER IN THERE THAT TALKS ABOUT MOBILITY, YOU KNOW, ADDITIONAL MOBILITY STUDY AND A FAIRLY SIGNIFICANT PROJECT FOR INFRASTRUCTURE IMPROVEMENT, WHICH I THINK IS FLY BECAUSE I THINK IF YOU'RE ENVISIONING SIX AND SEVEN, YOU'RE ENVISIONING A FLY OVER SOMEHOW FROM 45 INTO THE PORT AREA THAT KEEPS THE TRAFFIC OUT OF BASICALLY THE CITY.
SO IN MY MIND, IT, IT WAS, UM, MAYBE WE NEED TO VISIT KIND OF TO YOUR THOUGHT, CRAIG, MAYBE THERE NEEDS TO BE A VISIBLE PLACEHOLDER IN THERE FOR THAT PROJECT AND, AND WE CAN PUT SOME ASTERISK AND WORK.
I MEAN, I THINK ANY OF IT, YOU KNOW, I I'M KIND OF TORN TO, I MEAN, I THINK THERE'S BOTH SIDES OF THIS.
IT'S A, IT'S, YOU KNOW, I WAS, I USED, YOU'VE HEARD ME SAY BEFORE, THE DIFFERENCE BETWEEN A VISION AND A HALLUCINATION, RIGHT? SO THIS IS, THIS IS SOMEWHERE IN BETWEEN, RIGHT? IT, IT, IT'S KIND OF A, IT'S A LONGER TERM.
LOOK, SOME OF IT MAY VERY WELL BE A HALLUCINATION.
I MEAN, IF YOU LOOK AT OUR CURRENT PLAN, THERE'S QUITE A BIT OF THAT THAT WE DIDN'T, WE DIDN'T TOUCH, RIGHT? I MEAN WE DID, WE DID ACCELERATE TO SHEILA'S POINT, THE, UH, CRUISE PART BECAUSE THAT OPPORTUNITY CAME UP.
WE WERE, AND WE GOT SOME, SOME GRANT MONEY.
I DON'T KNOW EXACTLY WHERE THAT FELL IN THE PLAN, BUT WE GOT THE GRANT MONEY FROM T STOCK FOR THE CARGO THAT THAT SLIP FELL IN A SLIP.
SO THOSE OPPORTUNITIES CAME UP AND WE TOOK ADVANTAGE, BUT THERE'S OTHER PARTS OF THE, OF THAT PLAN.
WE DIDN'T, WE DIDN'T PUT MUCH EFFORT, YOU KNOW, MONEY OR EFFORT BECAUSE IT JUST WASN'T VIABLE.
AND I, IN MY MIND, THIS, YOU KNOW, I'M THINKING OF A BOARD, YOU KNOW, 10 YEARS, 20 YEARS FROM NOW, IT IS GONNA BE THE SAME THING.
I MEAN, THEY'RE NOT, YOU'RE NOT LIKE, TO CRAIG'S POINT, YOU'RE NOT GONNA DO A TERMINAL EXPANSION OR ANOTHER PART OF THE PROJECT UNLESS IT MAKES SENSE.
AND YOU'VE GOT, YOU KNOW, YOU'VE GOTTA GO THROUGH THE STEPS OF THE PROJECT.
SO I'M, I'M NOT OPPOSED LIKE, AS CRAIG'S SAID TO APPROVING THIS, BUT RECOGNIZING THAT, YOU KNOW, SPECIFICALLY ABOUT THE CRUISE EXPANSION, THERE'S GOT TO BE A, A SIGNIFICANT INFRASTRUCTURE IMPROVEMENT TO BE ABLE TO SUPPORT THAT.
AND I THINK WE, IN MY MIND, I THINK WE OUGHT TO REFLECT THAT VISIBLY IN THE PLAN, THAT PROJECT AND MAYBE SOME MOBILITY, YOU KNOW, SOME MOBILITY STUDY TYPE WORK.
AND THEN ALSO A FAIRLY LARGE INFRASTRUCTURE PRO, YOU KNOW, PROJECT THAT WOULD GET THE, YOU KNOW, THE TRAFFIC FROM 45 INTO THE PORT AREA WITHOUT DISRUPTING THE CITY.
I'M, I'M SORRY, WE'RE TRYING TO, I'M NOT
[01:15:01]
TRYING TO TALK AGAIN, BUT I MEAN, IT IS POSSIBLE.I DON'T, I DON'T, I DON'T KNOW IF WE CAN DO IT NOW, BUT IT IS POSSIBLE FOR US TO TABLE THIS, GET THOSE IMPROVEMENTS MADE AND BRING IT BACK FOR ACTION.
UH, GETTING IMPROVEMENTS MADE MEANING TO, TO THE PLAN OR DOING WHAT WE'RE, WHAT WE'RE TALKING ABOUT.
I JUST ASSUMED TO APPROVE IT AS, AS PRESENTED.
UM, I DO, I HEARD THE WORD SEQUENCING.
I LIKE, WE ALL HEARD THAT IN PUBLIC COMMENT.
OBVIOUSLY YOU, YOU DON'T WANT TO MOVE, PUT THE HORSE CARE BEFORE THE HORSE, WHATEVER THAT SAYING, WHAT WAS THE WORD? SEQUENCING.
UM, WE ALSO, WE'VE BEEN TALKING TO, TO CITIZENS OF GALVESTON FOR YEARS AND THEY'VE BEEN WANTING TO COME TO THE PORT.
THAT, THAT, THAT WORD WAS USED QUITE, QUITE A BIT IN THIS, IN THAT PRESENTATION.
WE CAN APPROVE OR DENY ANYTHING THAT, THAT COMES BEFORE US.
UM, THIS GIVES US A GOOD STARTING POINT WITH SOME GOOD NUMBERS AND THEY CRUNCHED THEM VERY WELL, I MUST SAY.
UM, AND, BUT I, I, YOU'D HAVE MY WORD AS THE BOARD MEMBER THAT I WOULD, I WOULD CERTAINLY LOOK AT THE SEQUENCING OF PROJECTS BEFORE WE APPROVE ANYTHING TO SEE THAT, THAT WE CAN, THE MOBILITY STUDY DOES, UH, WARRANT THESE PROJECTS.
UM, I'VE BEEN QUITE, I'VE BEEN LISTENING TO EVERYTHING AND, UM, A COUPLE OF THINGS.
I, I REALLY BELIEVE THAT WHAT WE'RE TALKING ABOUT IS IN, IS IN PROGRESS NOW.
I MEAN, IT'S NOT, WE'RE WE'RE SAYING THINGS LIKE WE NEED THIS AND WE NEED THAT.
AND WE, WE'VE SAT HERE AND HAVE GONE OVER, UM, YOU KNOW, MOBILITY PLANS, UH, SAFE STREET PLANS, UH, NEW TRAFFIC LIGHTS.
I MEAN, AND YOU KNOW, AND WE KIND OF SOMETIMES FORGET ABOUT WHAT'S REALITY.
AND REALITY IS, IS WE'RE HANDLING THE TRAFFIC.
AND I KNOW THAT SOME, SOME PEOPLE DON'T LIKE TO SAY THAT WE ARE, BUT WE ARE, WE'RE HANDLING THE TRAFFIC OUT HERE.
AND SO, UM, I THINK SOMETIMES WE'RE, WE'RE, I THINK THE WORD WAS WE WERE SCRAMBLING TO KEEP UP.
I MEAN, I, I DON'T THINK THAT'S A PROPER OR A WAY TO SAY THAT WE'RE TRYING, WE'RE JUST WORKING HARD TO KEEP UP WITH EVERYTHING BECAUSE WE'RE PROACTIVELY WORKING ON ALL THE THINGS THAT HAVE BEEN TALKED ABOUT HERE, ACCESS TO THE BOARD AND YOU KNOW, TRAFFIC WISE, MOBILITY, WALKING ACROSS, UH, HARBORSIDE DRIVE.
SO I, I, AND WE WENT TO THE PUBLIC, WE GO AND I THINK THERE'S JUST, SOMETIMES WE SAY, OH, WE NEED TO GO TO THE PUBLIC MORE.
I MEAN, WE'VE BEEN TO THE PUBLIC SINCE I'VE BEEN HERE ON EVERY PROJECT THAT WE'VE EVER COMPLETED.
WE'VE BEEN TO THE PUBLIC ON, AND THE PUBLIC HAS OVERWHELMINGLY SUPPORTED WHAT WE'RE DOING HERE.
AND SO, I MEAN, I, I, THIS IS A BOARD DECISION AND I, I JUST FELT LIKE I HAVE TO DEFEND WHAT THE STAFF IS DOING BECAUSE WE'RE DOING THE RIGHT THINGS.
AND THOSE THINGS ARE ALL IN PLAY.
THIS IS A, A VISION THAT WE'RE WORKING TOWARDS AND HAS BEEN SAID SEVERAL TIMES.
NOTHING'S GONNA HAPPEN UNTIL THIS BOARD LOOKS AT EVERY ASPECT OF IT.
AND IF, IF WE DECIDE, OKAY, LET'S, WE'RE GONNA BUILD ANOTHER CRUISE TERMINAL, THEN THE BOARD'S GONNA LOOK AT ALL THE PIECES THAT WE'VE BEEN WORKING ON.
THAT'S WHAT WE'RE WORKING TOWARDS.
THAT'S WHAT A MOBILITY PLAN FOR.
THAT'S WHAT OUR TRAFFIC STUDY'S BEEN DONE.
YOU KNOW, TRAFFIC STUDY HAS BEEN DONE FOR, FOR, UH, CT 14.
AND SO I, I'M NOT, I MEAN, I'M NOT GONNA PUSH IT EITHER WAY BECAUSE I, I REALIZE THAT THERE'S, THERE ARE PEOPLE THAT DON'T THAT, THAT GET ANSWERS BUT DON'T LIKE THE ANSWERS.
SO WE MOVE FORWARD UNTIL WE GET THE ANSWER WE WANT
THAT'S REALLY, WELL, I MEAN, PEOPLE DON'T LIKE ANSWERS.
AND SO, YOU KNOW, HOW MANY MORE TIMES DO YOU KEEP ASKING THE SAME QUESTIONS OVER AND OVER AGAIN UNTIL YOU GET, I GUESS, TILL YOU GET THE ANSWERS YOU WANT, YOU KNOW? WELL, AND OR I'M WIN VOTE SO I RAISE MY HAND.
THERE'S NO NEED TO BE DEFENSIVE AND YOU DON'T HAVE TO DEFEND THE STAFF.
I MEAN, WE, WE BELIEVE IN THE STAFF AND WE BELIEVE IN YOU, BUT IT, IT'S NOT, IT'S NOT A CRISIS IF WE DON'T ALL VOTE THE SAME WAY.
HEY, I GET THAT MEAN, I'VE LIVED, I'VE ON THIS BOARD, IT'S THE DEMOCRATIC PROCESS AND EVERYBODY GETS TO SAY WHAT THEY NEED TO SAY, WHAT'S THE VALUE OF THE SPORT, IS THE DIVERSITY
[01:20:01]
AND LIKEWISE FOR ME, AND LIKEWISE FOR ME.AND SO THAT'S ALL I'M, THAT'S ALL I'M SAYING IS, IS WHETHER WE PASS THIS OR NOT, I FEEL AS THOUGH I HAVE TO STAND UP AND SAY, WE'RE DOING THIS STUFF, WE'RE DOING IT.
I MEAN, I, I BELIEVE WHAT, WE'VE GOT A GREAT STAFF.
WE UNDERSTAND THE ISSUES AND YOU UN THIS BOARD UNDERSTANDS THE ISSUES BECAUSE YOU'RE THE ONES ARE, ARE FACILITATING US TO DO ALL THE INFRASTRUCTURE STUDYING AND LOOKING AT IT.
SO I JUST, SOMETIMES I FEEL LIKE THAT WE DON'T, WE SAY THINGS AS IF THEY'RE NOT HAPPENING.
AND AND I FEEL LIKE THAT, THAT I HAVE TO BE THE ONE THAT STEPS UP AND SAYS THEY'RE HAPPENING.
AND I, AND I FEEL LIKE THEY'RE HAPPENING AND, BUT YOU KNOW, WE, WE, WE LISTEN TO SAY WE GOTTA CONTINUE TO DO THIS, SO WHY HAVEN'T WE, WE'RE DONE THOUGH.
BUT I MEAN, I, I JUST FEEL LIKE THAT, YOU KNOW, WE'RE DOING THIS STUFF THAT WE'RE, YOU'RE ALL TALKING ABOUT.
WE'RE, I, I THINK WE CAN ALL VITALLY AGREE THAT YOU AND THE STAFF HAVE FOLLOWED THROUGH ON YOUR COMMITMENTS.
I MEAN, YOU LOOK AT WHAT YOU, WHAT YOU'VE COMMITTED TO AND WHAT YOU'VE DONE, I THINK THE STAFF AND THIS BOARD HAS DELIVERED.
AND ERIC, YOU HAD A, YOU WERE PATIENTLY WAITING FOR SURE.
EVERYONE ON THIS BOARD HAS HEARD THE COMMUNITY SPEAK, UH, BOTH IN ITS CONCERNS AND ITS SUPPORT FOR NOT ONLY THIS MASTER PLAN, BUT THE DIRECTION THAT THE PORT HAS TAKEN AND THE INDIVIDUAL ACTIONS ALONG THE WAY.
UM, IT'S CLEAR THROUGH THE LEADERSHIP OF THE CITY, UM, THAT THERE ARE QUESTIONS OUT THERE YET TO BE ANSWERED.
AND IT'S CLEAR TO ME AS ONE MEMBER OF THE BOARD THAT THE PORT IS WORKING CLOSELY WITH THE CITY AND TAKING THOSE STEPS TO ANSWER THOSE QUESTIONS.
UH, NAMELY IN THIS MOBILITY STUDY, THE MOBILITY STUDY IS FOCUSED ON STRESS TESTING THE EXISTING INFRASTRUCTURE WHEN ADDING A FIFTH CRUISE TERMINAL, WHAT CAN BE IDENTIFIED AS CHOKE POINTS, WHAT CAN BE IDENTIFIED AS FIXABLE, YOU KNOW, RECOMMENDATIONS, WHERE ARE THE GLARING ISSUES, WHERE DO THEY EXIST IN IN GETTING ALL FORMS OF TRAFFIC TO AND FROM THE FORT AND THROUGH THESE, UH, NEIGHBORHOODS AND BUSINESS DISTRICTS.
SO I THINK IT'S, IT'S BEEN HEARD BY EVERYONE ON THIS BOARD AND APPRECIATED.
AND EVERYBODY HAS HAD THEIR OWN WAY OF EXPRESSING IT.
AND I THINK WE ARE ALL IN AGREEMENT.
THIS MOBILITY STUDY IS GOING TO SHOW THE VIABILITY OF CRUISE, THE FIFTH CRUISE TERMINAL, WHICH FITS INTO THIS MASTER PLAN THAT WE ARE CONSIDERING FOR APPROVING TODAY.
THE SAME PROCESS WOULD NEED TO TAKE PLACE FOR A CRUISE TERMINAL SIX OR A CRUISE TERMINAL SEVEN.
SO TO APPROVE IT IN THE MASTER PLAN TODAY DOES NOT SAY THAT THOSE IMPORTANT STEPS ARE NOT GONNA HAPPEN DOWN THE ROAD WHEN WE HAVE BETTER DATA.
AND WE'RE NOT JUST GOING OFF OF GUT FEELINGS OF, I DON'T THINK WE CAN HANDLE THAT.
I THINK THAT WE NEED TO, YOU KNOW, LOOK AT IT FOR WHAT IT IS.
IT'S NOT GONNA KICK OFF ANY COMMITMENTS TO PROJECTS.
IT'S MERELY SAYING THIS IS A DIRECTION AND WE'LL VIEW IT STEP BY STEP ALONG THE WAY.
COULD YOU GO BACK AND REVISIT WHAT YOU WERE TALKING ABOUT, WHICH IS A, A, SOME TYPE OF DISCLAIMER ALMOST, OR SOME TYPE OF ADDITION IN THE LANGUAGE THAT SAYS PLACEHOLDER.
YOU CAN ASK ME TO REMEMBER WHAT I SAID.
I WONDER, LOUIS, HAVE YOU EVER BEEN ABLE BEEN ASKED TO DO ANYTHING LIKE THAT? OR ARE WE JUST THAT UNIQUE
IT'S NOT UNUSUAL TO, TO HAVE SOME PRECURSOR IN THE DOCUMENT SAYING THESE ITEMS ARE IN PARALLEL AND THEY'RE PART OF THE IMPLEMENTATION STRATEGY.
IN FACT, I THINK ON THE IMPLEMENTATION STRATEGY, WE PUT NUMBER ONE, IT WAS THE TRAFFIC STUDY THERE, BUT IT'S PROBABLY IN THE CHART THERE.
AND I HAD IT ON ONE OF THE SLIDES, THE SLIDE THAT I, THAT I JUMPED OVER AT IT.
SO WE CAN ADD THAT, THAT THAT'S VERY EASY TO DO.
IN FACT, WE JUST, WE PUT A MIAMI MASTER PLAN, THE LAST ONE WE FINISHED LAST YEAR HAS A PARALLEL MOBILITY STUDY THAT'S, THAT'S STILL ONGOING.
I THINK THAT'S KIND OF DOWN, I WOULD SAY.
YEAH, BECAUSE I THINK WHAT I, WHAT I WAS, AS YOU WERE TALKING LEWIS, AND, AND WHAT WAS KIND OF GOING THROUGH MY HEAD IS THAT, YOU KNOW, OBVIOUSLY, I MEAN I THINK WE'RE ALL IN VIOLENT AGREEMENT THAT, YOU KNOW, TO DO A SIXTH AND A SEVENTH TERMINAL, YOU KNOW, JUST WHAT YOU DESCRIBED, RIGHT? I MEAN, WE'VE GOTTA GO THROUGH THAT PROCESS OR WE FUTURE SUCCESSORS WOULD'VE TO GO THROUGH THAT PRO THE MOBILITY STUDY, THE INFRASTRUCTURE TO SUPPORT THAT.
AND I THINK WHAT I WAS THINKING IS WE, WHY DON'T WE
[01:25:01]
ADD THAT SPECIFIC PROJECT OF, OR PROJECT OR PROJECTS, BECAUSE I'M ENVISIONING THAT WOULD BE SOME KIND OF MODIFICATION TO I 45 AND A FLY OVER TO GET TO THE PORT.I MEAN, THAT WOULD BE A FAIRLY SUB, AND I DON'T KNOW EXACTLY HOW THAT'S REFLECTED IN THE CURRENT DOCUMENTS.
BUT THIS ONE THING, JUST TO ADD
WE WERE EXPANDING THE PORT BY TWO, WE WERE ADDING ANOTHER ISLAND.
AND TRANSPORTATION WAS A BIG ISSUE BECAUSE IT SITS IN THE DOWNTOWN MIAMI HAD A TWO LANE BRIDGE.
EVERYBODY CAME TO AN AGREEMENT THAT IT WAS GONNA BE A PARALLEL EFFORT TO DO A MOBILITY AND A WHOLE TRANSPORTATION PLAN, WHICH TOOK A LIFE UNTO ITSELF.
I SPEAR AT THAT FOR, I DON'T KNOW, IT TOOK LIKE SIX YEARS, BUT FROM THAT, A NEW BRIDGE AND WENT TO WASHINGTON, GOT THE ONLY TUNNEL IN FLORIDA EVER BUILT.
IT TOOK 10, 12 YEARS TO GET IT BUILD.
AND IT, IT ALLOWED THEM, THE COMMUNITY TO COME TOGETHER.
EVERYBODY SAY THIS IS IMPORTANT BECAUSE YOU'RE GONNA FIX, YOU'RE NOT GONNA BUILD AN $800 MILLION PROJECT BASED ON A COUPLE OF CRUISE SHIPS.
SO THAT'S, THAT'S HOW IT HAPPENED.
BUT IT, IT SET THAT IN COURSE OF MOTION AND THE TWO CAME ALONG.
SO I THINK WHAT I'M, WHAT I'M HEARING IT REALLY CHANGE, BUT IT WOULD BE ADDING THAT SPECIFIC, I DUNNO IF YOU DO IT AS ONE PROJECT OR TWO PROJECTS, BUT I DON'T WANT TO ADD SIX YEARS TO THIS PAPER
IT SAYS THE MOBILITY STUDY AND THE, UM, THE INFRASTRUCTURE, YOU KNOW, THE INFRASTRUCTURE IMPROVEMENT.
SO MAYBE IT'S TWO PIECES THERE, UH, THAT WE WOULD ADD TO THIS KIND OF IN, YOU KNOW, IN THERE AROUND THE, YOU KNOW, CRUISE TERMINAL SIX AND SEVEN, THAT WOULD BE SHOWN AS A, A STANDALONE PART OF THIS MASTER PLAN WHICH WOULD, WILL BE DONE IN SUPPORT TO, YOU KNOW, PRE PRECURSOR TO SUPPORT A FUTURE DECISION OF SIX AND SEVEN.
AND IT WOULD APPLY TO, TO CRUISE TERMINAL FIVE ALSO.
WHY, BESIDES WE'RE ALREADY GOT THAT GOING ON.
IT'S ALREADY, YEAH, I, I'M, AND I'M ASSUMING THE MOBILITY STUDY IS IN THIS PLAN ALREADY, BUT YES, MOBILITY STEPS THAT WE'RE TALKING ABOUT NEEDING TO BE TAKEN FOR FUTURE CRUISE BIRTHS ARE UNDERWAY FOR FIVE.
TO DETERMINE IF FIVE IS A FEASIBLE PROJECT.
I THINK ONE THING I'LL, I'LL ADD IS WE ALSO HAVE TO, TO REMEMBER, THESE AREN'T OUR STREETS, RIGHT? SO THESE ARE TEXTILE STATES.
SO THAT'S ANOTHER, ANOTHER PIECE THAT, YOU KNOW, WE'RE WORKING ON THAT.
SO, I MEAN, SO I THINK, YEAH, SORRY, SHEILA, GO BACK.
WELL I WAS JUST GONNA, I IF YOU'D LIKE TO WITHDRAW YOUR MOTION OR ELSE I WOULD, I'M NOT WITHDRAW THAT HE'S AMENDED HIS MOTION.
I KNOW I WAS GONNA FINISH MY STATE.
TONY, I JUST WANTED TO MAKE SURE THE BOARD, SO WAS ALREADY IN HERE UNDER IMPLEMENTATION WHERE IT SAYS LONG TERM STRATEGIES, INCLUDING PELICAN ISLAND CARGO EXPANSION AND FUTURE CRUISE TERMINALS WILL ADVANCE ONLY WHEN SUPPORTED BY MARKET CONDITIONS, FINANCIAL CAPACITY AND EXTERNAL INFRASTRUCTURE, UH, IMPROVEMENTS SUCH AS I 45 ACCESS BRIDGE ENHANCEMENTS AND THE LIKE.
SO IS THAT, IS THAT ON, UH, PAGE 57.
SO IT WOULD BE NICE IF THAT WAS UPFRONT OR ALSO UP MORE PREVALENCE.
I'D MAKE THE MOTION TO RELOCATE THE INTRODUCTION OF THE YOU WANT THAT IN THE FIRST PARAGRAPH PERHAPS? WELL, I THINK IN THE INTRODUCTION SOME, YEAH.
AND, AND I STILL JUST THROW OUT THERE, SHOULD WE STILL, IN MY MIND, I THINK, SO THAT'S IN, THAT'S IN THE WORDS.
SHOULD WE ALSO INCLUDE IN THE P IN THE PROJECTS SOMETHING THAT REFLECTS AN I 45 IMPROVEMENT, SEEING LEWIS LOOK BACK THAT WE SHOULD ADD A WILLIE, IF YOU'RE WILLING TO INCLUDE THIS IS TO ADD, ADD A SPECIFIC PROJECT IN THERE.
AND MAYBE IT'S ONE THAT SHOWS A MOBILITY STUDY AND TWO, THAT SHOWS SPECIFIC IMPROVEMENTS TO I 45 EXCEPT, YOU KNOW, SOME WORDING THAT REFLECTS THOSE IMPROVEMENTS TO GET PEOPLE TO A TERMINAL SIX AND SEVEN IF THAT TO COME.
I, I THINK IF THERE'S, MY THOUGHTS ARE IF THE MOBILITY STUDY FOR THOSE PROJECTS SPECIFICALLY THE RESULTS OF THOSE STUDIES CALL FOR THAT SPECIFIC IMPROVEMENT, THEN IT SHOULD BE, YOU KNOW, TAKEN INTO CONSIDERATION BY THE BOARD AT THAT TIME.
THE BIG THING, THE MOST IMPORTANT THING I THINK FROM, FROM HAVING THIS, THIS CAVEAT THAT THESE THINGS NEED TO BE DONE BEFORE THE PROJECT CAN, CAN OCCUR IS THAT FUTURE BOARDS UNDERSTAND THAT THE TIMELINE TO GETTING TO A, A GREEN LIGHT ON A PROJECT LIKE A TERMINAL SIX OR SEVEN NEEDS TO START MUCH EARLIER SO THAT YOU CAN GET TO YOUR, I DON'T KNOW, WHATEVER GOAL IT IS, IF IT'S A YES OR SIX OR SEVEN, YOU KNOW,
[01:30:01]
THAT WE NEED TO START WORKING WELL IN ADVANCE TO START THESE STUDIES.AND THAT'S, THAT, THAT'S IMPORTANT.
AND I THINK WHAT WAS VERY CONSTRUCTIVE ABOUT THIS CONVERSATION IS THAT WE'RE ALL IN AGREEMENT THAT, THAT THAT'S IMPORTANT THAT WE DO THAT AND THOSE STUDIES ARE UNDERWAY.
SO, UM, WILL, COULD YOU, YEAH, I'D LIKE TO KNOW WHAT THE MOTION IS.
I WOULD LIKE TO AMEND THE MOTION TO ADD THE TEXT, WHICH OUR TONY JUST READ TO US, UH, WITHIN THE INTRODUCTION ALONG WITH OTHER WORDS IN THE INTRODUCTION THAT WILL INCLUDE, UH, PERSPECTIVE OF A, OF A I 45 FLYOVER IF NEEDED FOR CERTAIN PROJECTS.
AND, AND I GUESS WOULD THAT ACTUALLY WE WOULD ACTUALLY, THIS MY MIND, AGAIN, I'M TRYING TO GET VISIBLE ON THE PROJECT LIST THAT WE WOULD HAVE A PLACEHOLDER IN THERE FOR THAT WORK.
THE $2 BILLION THAT, I MEAN, BUT I, I THINK, I THINK IF YOU REFLECT IT IN THE PROJECT, LIZ, I MEAN, AND OBVIOUSLY IT'S, IT'S VERY NEBULOUS AS FAR AS WHAT THAT SCOPE IS, BUT I THINK WE ALL CAN ENVISION THAT THERE'S GOTTA BE SOME FAIRLY SIGNIFICANT INFRASTRUCTURE WORK BETWEEN I 45 AND FUTURE TERMINAL SIX AND SEVEN.
I, I GUESS ALL I'M ASKING IS JUST THE WORDING I THINK REALLY HELPS US, BUT I THINK IF WE VISIBLY PUT A PROJECT IN THERE, IT MAKES SURE EVERYBODY SEES THAT AND THEN RECOGNIZES THAT THERE'S GOT TO BE SOMETHING DONE THERE IN ACCORDANCE TO, IN, IN, IN ADDITION TO THE TERMINAL.
AND I THINK THAT'S REALLY IMPORTANT TOO IN THAT WHEN YOU THINK ABOUT IS THIS PROJECT VIABLE? DO THE FINANCES MAKE SENSE? WELL, WHEN, IF YOU AREN'T CONSIDERING THIS BILLION DOLLAR OR $2 BILLION, IF THAT'S WHAT YOU WERE SAYING IN IMPROVEMENT TO 45 CONNECTION, IF THAT'S WHAT A MOBILITY STUDY IDENTIFIES AS NEEDING TO BE DONE, WELL THEN MAYBE A PROJECT ISN'T FEASIBLE.
BUT IF WE DON'T TAKE THAT PIECE INTO ACCOUNT, THEN YOU COULD POTENTIALLY APPROVE A PROJECT AND THEN FIND OUT AFTER THE FACT THAT IT'S NOT FEASIBLE AND WE JUST MADE A MISTAKE.
WELL AND ALSO THIS, THE REALITY IS NOT BINDING ON THE NEXT BOARD.
IT'S NOT, AND NONE OF THIS IS, AND, AND IT'S, BUT I THINK IT, I THINK WHAT WE'RE, I THINK WHAT WE'RE TRYING TO GET TO IS A PLACEHOLDER THAT JUST WE'RE TRYING TO MAKE SURE THAT IT, IT'S CLEAR FOR FUTURE BOARDS THAT AS WE APPROVE THIS, THAT THOSE, WE THOUGHT ABOUT THAT, WE THOUGHT ABOUT THAT AND THOSE, SO THAT FUTURE BOARDS DON'T, 'CAUSE NONE OF US, YOU KNOW, WHEN THIS OCCURS, I, I CAN PRETTY SAY IT'S PRETTY YOUNG.
DOES MOST OF US WILL NOT BE AROUND THIS TABLE OR YOU KNOW, ENGAGED IN THIS PROCESS.
SO I THINK IT'S JUST, FOR ME IT JUST FEELS BETTER.
YEAH, IT FEELS BETTER TO HAVE THAT, YOU KNOW, THE WORDING AS WE TALKED ABOUT.
AND ALSO THAT PLACEHOLDER FOR THAT SPECIFIC, YOU KNOW, I 40, I KNOW WHAT WE WANT TO CALL IT.
I 45 IMPROVEMENT ACCESS FLYOVER, YOU KNOW, WE'RE PRESUPPOSING SOLUTION.
BUT I THINK HAVING THAT PROJECT IN THERE AND THE WORDING I THINK WOULD BE TO ME WOULD, WOULD MAKE IT FEEL LIKE WE'VE DONE OUR DUE DILIGENCE IN, DOCUMENTED THIS IN OUR PLAN.
THE STUDY OF THE FLYOVER, BUT NOT THE FLYOVER STUFF.
'CAUSE WE'RE NOT GONNA DETECT, WELL THAT'S IN THE STUDY OF FLYOVERS IN HERE.
YEAH, MOBILITY STUDY RECOMMENDATION, WHATEVER THE MOBILITY STUDY SAYS THE IMPROVEMENTS ARE, WE DON'T KNOW WHAT THOSE ARE UNTIL THE MOBILITY.
SO WE'RE IT WILLIE? I GUESS WE, YEAH.
SO I THINK I, THE RESULTS OF THAT MOBILITY STUDY WOULD BE A PROJECT.
DON'T YOU WANT TO KEEP IT GENERAL? 'CAUSE WHATEVER YOU NEED TO DO, YOU NEED TO DO YOU WANNA MAKE IT AS GENERAL AS WE CAN? WELL, BECAUSE WE'VE ALREADY, WE'VE ALREADY DEFINED NOW WHAT A MOBILITY PLAN IS AND THAT'S THE MOVEMENT OF PEOPLE FROM DOWNTOWN TO THE PORT.
AND SO THAT, AND, AND THAT'S WHAT WE'RE ASKING FOR WITH THE MOBILITY STUDY WE HAVE NOW, RIGHT? FOUR FIVE.
IT MIGHT BE A LITTLE DIFFERENT IF YOU GO A LITTLE BIT FURTHER WEST.
SO YOU'RE SPECIFICALLY SAYING SIX AND SEVEN.
I I'M I'M SPECIFICALLY SAYING SIX AND SEVEN, THAT WE PUT A PLACEHOLDER IN THERE FOR ONE THAT THERE'S, THERE'S A MOBILITY STUDY IN MY MIND THERE'S A MOBILITY STUDY AND THEN THERE'S THE PHYSICAL RESULTS OF THAT STUDY, WHICH IS I THINK WOULD BE, YOU KNOW, COULD BE FAIRLY SIGNIFICANT AS FAR AS IF YOU TALK ABOUT I 45 FLYOVERS AND ALL THE INTERCONNECTIONS.
BUT WE JUST PUT, WE JUST PUT A PLACEHOLDER IN THE MASTER PLAN TO REFLECT THE MOBIL.
AND THEN THE RE THE RESULTS THAT, YOU KNOW, I 45 ACCESS IMPROVEMENTS WOULD BE THE SECOND PIECE THAT UNFILED, WE HAD THOSE TWO UNFILED.
AND THIS IS, AND I'M JUST TRYING TO GET SPECIFICALLY WHERE WE ARE BECAUSE YOU GOT CARGO TOO, RIGHT? SO TRUE.
IS THERE GONNA BE A LEVEL OF CARGO THAT WE CAN HANDLE WITHOUT THE FILE? YOU KNOW WHAT I MEAN? SO, AND, AND, AND HERE AGAIN, 'CAUSE THAT'S, THAT BRINGS LOT TRUCKS AND I MEAN TRUE, BUT THAT WHAT HE'S TALKING ABOUT ONLY RELATES TO THE TERMINALS THEMSELVES, NOT CARGO SIX SEVEN.
THIS IS WHERE NO, THAT'S RIGHT.
BUT THIS IS WHERE MY MIND GOES IS IF WE'RE TRYING TO STAY GENERAL, THEN WE SHOULD BE APPROACHING
[01:35:01]
EVERY SIGNIFICANT PROJECT THAT THE PORT UNDERTAKES WITH THIS, THIS IDEA OF WE'RE GONNA REVIEW THE MOBILITY OF WHATEVER THAT PROJECT ENTAILS.IF IT'S MOVING PEOPLE WE'RE GONNA REVIEW THE MOBILITY, MOVING PEOPLE FROM MOVING WIND TYPE TO TURBINES OR WHATEVER CARGO THAT WE DECIDED TO PURSUE ON THE WEST END OR PELICAN ISLAND.
LIKE WHATEVER SIGNIFICANT PROJECT THIS PORT COULD UNDERTAKE THE MOBILITY OF SAID CARGO NEEDS TO BE REVIEWED.
THAT THAT'S PART OF JUST TO MAKE A STATEMENT THAT WOULD COVER THAT.
MOBILITY IN GENERAL BUILDING AND INFRASTRUCTURE.
SO WE GET, SO WE AND CAN WE NOT OPEN IT? I MEAN SAME THING WITH PIER 19.
I MEAN I LIKE IS THERE, IS THERE UH, LIMITATIONS WITH MOBILITY FOR HOW MANY PEOPLE WE ARE GOING TO HAVE COMING TO PIER 19? AND AS YOU SAID, ALL THOSE ISSUES AS WE DO ANYTHING, YOU KNOW, ERIC SAID IT TOO.
WE'VE GOTTA ADDRESS THAT, RIGHT? I'M JUST TRYING TO BE THE ACCOUNTANT, RIGHT? YEAH.
SO WE CLEAR WILLIE ON YES, ANGIE, LET'S, LET'S TRY IT ONE MORE TIME.
I JUST WANT TO HEAR ANGIE, WHAT HAVE YOU GOT? WHAT HAVE YOU GOT ANGIE? PRETTY MUCH EVERYTHING BUT HE NEEDS TO SECOND, SECOND.
THE SECOND THE AMENDMENT
SO THE MOTION IS TO APPROVE THE MASTER PLAN WITH THE AMENDMENT.
THAT MOBILITY, UH, STUDY BE CONDUCTED OR CONSIDERED CONDUCTED FOR ANY MAJOR PHASE OF SAID OF MASTER PLAN.
IS THAT WHAT WE'RE, AND IT MADE MENTION IN THE INTRODUCTION OF THE MASTER PLAN AS WELL.
ONE IS GOING TO MOVE THE LANGUAGE, MOVE THE, ARE WE STILL NO REASON NOT TO STAY CLOSER TO THE FRONT SEVERAL PLACES? I THINK THAT GENERALLY THEY ALL WANT CLOSER TO THE FRONT.
I THINK THAT'S, WELL YEAH, BUT IT WOULDN'T HURT TO HAVE IT IN BOTH PLACES.
AND THEN ARE WE GONNA ADD A PROJECT, ANY KIND OF PROJECT IDENTIFIER? JUST IN GENERAL ABOUT THE MOBILITY STUDY AND THE, I MEAN, PROJECT SEEM TO BE PRETTY SEGMENTED AS THEY ARE, YOU KNOW, WHEN WE'RE TALKING ABOUT A CRUISE TERMINAL, WE KNOW IT'S THIS AREA OR IF WE'RE TALKING ABOUT A, A PORT WESTPORT CARGO EXPANSION, IT'S PRETTY LIMITED IN THE SCOPE OF THE PROJECT ITSELF.
SO I THINK ANY, ANY PROJECT WE'RE CONSIDERING FOR THE PORT SHOULD HAVE THIS MOBILITY PIECE TO IT OF THE CUMMINGS AND GOINGS OF SAID CARGO.
SO WITH CONSIDERATION TO THE MOBILITY STUDIES.
SO WOULD, DO WE STILL HAVE, DO WE HAVE THE MOTION
ALRIGHT, ANY FURTHER DISCUSSION? WHICH HAS BEEN A GOOD DISCUSSION.
ANY, ANY FURTHER COMMENTS? SHEILA? WITH RICHARD? YEAH, I, NO, I JUST THINK WE NEED TO, WE NEED TO UNDERSTAND THAT, THAT THIS, WHAT WE'RE APPROVING TODAY WAS WHERE IT IMPLEMENTED IN 20 YEARS, BUT TOTALLY CHANGE.
IT'S GONNA TOTALLY CHANGE THE CHARACTER OF THIS END OF THE ISLAND.
I, I KNOW ABOUT TWO YEARS AGO WE SAT HERE AND SOMEBODY SAID, WHAT IF WE PUT A HOTEL DOWN THERE? LITERALLY HE WAS ALMOST LAUGHED AT.
AND NOW LOOK, YOU KNOW, THERE'S, THERE'S THIS PLAN WHERE THESE PROFESSIONALS HAVE COME UP THAT SAID THIS CAN HAPPEN.
ALRIGHT, SO ANY, ANY FURTHER DISCUSSION? SO I'LL
UM, I FEEL LIKE THE DISCUSSION HAS BEEN VERY HELPFUL AND I FEEL LIKE WE ARE STARTING TO HAVE THE CART BEFORE THE HORSE.
WHAT WE HAVE DONE IS OPEN CRUISE JOURNALS AND THEN GONE, OH, TRAFFIC, PARKING, OH WHATEVER.
AND THEN FIVE, WE'RE DOING THAT DIFFERENTLY BECAUSE WE'RE DOING THE MOBIL MOBILITY STUDY ON THE FRONT END, WHICH IS EXACTLY HOW IT NEEDS TO BE DONE.
AND SO WITH THE AMENDMENT TO THE WONDERFUL WORK BY, UH, LEWIS AND TEAM, I THINK WE'RE RIDING, WE'RE GETTING THE, THE HORSE IN THE RIGHT PLACE.
OR AS WILLIE WOULD SAY, THAT WE'RE GETTING THE CARROT IN THE RIGHT PLACE.
SO WITH THAT, WITH THAT ALL IN FAVOR OF THE MOTION, RAISE YOUR HAND.
ANY OPPOSED? ALRIGHT, WELL DONE WITH THAT.
[G. COMMENTS FROM THE BOARD OF TRUSTEES]
UH, ANY, WE'VE GOT COMMENTS? ANY COMMENTS FROM THE BOARD OF TRUSTEES? I GUESS I'LL JUST ASK IN IN GENERAL, ANYONE HAVE ANY TO UH, COMPLIMENT VA OR FIND JOBS AND THEY REALLY TOUCH THE BULL BOBI MEAN, TO ME THAT'S, YOU KNOW, YOU LOOK AT, YOU KNOW, FOUR OR FIVE, SIX YEARS AGO WE WERE, I SAID WE WERE DOING BASIC KIND OF BLOCKING AND TACKLING OF, YOU KNOW, WE HAD SOME REALLY BOXES.
[01:40:01]
WE HAD SOME REALLY, REALLY STUFF, TOUGH STUFF WE HAD TO GET DONE FUNDAMENTAL.AND NOW WE'VE KIND OF MOVED THROUGH THAT AND NOW WE'VE GOT THE OPPORTUNITY TO REALLY DO I THINK SOME REALLY COOL STUFF FOR NOT ONLY THE PORT BUT THE CITY AND FOR THE COMMUNITY.
SO THAT, THAT TO ME IS REALLY EXCITING.
AND THAT'S, AND THAT'S VIEWABLE FOR PEOPLE TO SEE.
RIGHT? AND THAT'S SOMETHING THAT, YOU KNOW, I MEAN WE HAD TO GET, YOU KNOW, WE, THE BUSINESS IS, YOU KNOW, STABILIZED IS MAKING MONEY.
WE'VE GOT GOOD, YOU KNOW, GOOD IMPLEMENTATION.
NOW WE'VE GOT, WE, WE'VE KIND OF EARNED THE RIGHT TO BE ABLE TO DO SOME REALLY COOL STUFF FOR THE COMMUNITY.
I THINK THAT, I THINK THAT'S REALLY GOOD.
AND I WOULD JUST SAY, I THINK, I THINK WE HAD A REALLY GOOD DISCUSSION FROM EVERYBODY.
I APPRECIATE EVERYBODY'S VIEWS AND, AND COMMENTS, BUT I THINK WE ALL GOT, WE ALL, WE ALL WALK OUTTA HERE FEELING LIKE WE ALL GOT TO THE SAME PLACE.
I THINK THAT'S A, THAT'S A GOOD COMPLIMENT.
AND I WANTED TO, UH, YOU COMPLIMENTED VA AND I DID TOO.
AND IF YOU THINK ABOUT, UM, WHAT VA HAS DONE FOR THIS PORT, I MEAN THEY GOT, THEY GOT PAID GOOD MONEY FOR IT.
THIS GUY DONE A GOOD, GOOD BIT OF WORK FOR US.
AND IT'S BEEN GOOD QUALITY WORK.
SO, AND WE, AND WE KNOW YOUR TEAM WHO, AND WE'RE LISTENING TO THE DISCUSSIONS WE ALREADY WRITTEN INTO THE YES.
WITH THAT I WILL DECLARE VICTORY AND DECLARE ADJOURNED.