The Los Angeles City Council today approved, and forwarded to the mayor, an agreement to terminate, under threat of condemnation, liquid bulk operator Westway Terminal Co Inc’s lease at Berths 69-71 at the Port of Los Angeles.
The agreement will become final upon the mayor’s approval. The agreement includes a US$17 million lease buy-out for the remaining 18 years on the current lease, a port-controlled clean-up of the site, and the cessation of operations at Westway Terminal in mid to late 2008.