It was a very contentious Port commission meeting tonight with Jeff Bishop reducing the proceeds to that of a schoolyard brawl by resorting to name calling. In yet another desperate plea the Port has paid for an advertisement, the eighth in an occasional series and Bishop elaborated on his authorship by labeling people who disagree with the Port’s positions NIMBYS in a power point presentation. Bishop’s salary is paid for by port district residents and calling your benefactors names is both impolitic and extremely unprofessional so naturally the commissioners went right along with it.

There were a lot of nuggets in tonight’s meeting and amongst them was the revelation that Jordan Cove has paid the Port $11 million towards the now terminated Weyco land deal. Most of this money passed through the Port to Weyco but Bishop claims the Port netted $3 million allowing them to spend on consultants and feasibility studies. That’s $11 million wasted on a now defunct land deal and not a single local job came out of it.

Bishop also took a swing at renewable energy projects as requiring too many tax subsidies while ignoring the much larger fossil fuel subsidies. Is Bishop really this uninformed about natural gas?

Long ago I worked in the commercial real estate development field as a financial officer and controller for some big California developers and I can hear their speech patterns and thought processes in much of Bishop’s babble. Frankly, you have to question the wisdom of a business plan that deliberately takes the hardest path. Look at Jordan Cove’s business plan as an example. They fully expect to spend years and risk millions with no guarantee they will ever receive a permit. Even if they get a permit they are now dependent upon someone else to obtain rights to hundreds of miles of private property, spending more years fighting angry landowners and regulatory agencies along the way. Then they will spend billions (albeit heavily subsidized) only to be subject to the volatility of a commodity from foreign countries that really don’t like the US very much.

Surely there are easier and less risky ways to make billions. Oh yes! There are and they often involve investing in local small businesses and renewable resources. ( this is actually one of the subjects of a book I have been working on for some time)

Think how many local jobs $11 million would have produced had it been invested in local small businesses as low interest loans and how many real jobs that might have created. The Port views itself as an economic development agency but it has a worse track record than SCDC yet they expect the public to sit quietly without question, (rather like the Port commissioners) while Bishop tries to lock the Port into 19th century technology in a 21st century world.

The meeting was packed with ORC employees dressed in black and before I forget, the commissioners blithely agreed to risk public funds on no-bid contracts to benefit an undisclosed private firm’s perceived emergency and everything else on the agenda, as usual.