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The Tenth Avenue Marine Terminal (TAMT) is one part of the logistical chain that makes the Port of San Diego work fluidly and coherently. Local companies like General Dynamics-NASSCO, the ship repair businesses and National City’s 24th Street terminal all rely on the TAMT to store material and goods they need before moving them down the bay to their respective work yards via the trains that run behind these bayfront companies.
In other words, if TAMT is eliminated and replaced with commercial development, the health and vitality of the other working waterfront businesses will be at stake and so will the fantastic jobs that they create. Here are a few facts to give you an idea of the economic impact of these companies:
- $25 billion of international goods come through our two marine terminals yearly
- In 2006, maritime cargo activity at the port’s terminals generated $1.6 billion annually and $100 million in state and local taxes
- Maritime cargo activity supported 19, 298 regional jobs
- Maritime trade creates a total impact of 5,091 regional jobs directly related to cargo activity at the port’s terminals and pay an average salary of $59,211
- In the past four years, cargo operations have increased more than 50%
What will the economic impact likely be if TAMT is redeveloped with hotels and office towers? Well, lower paying jobs for one thing. By and large, the hotel industry offers much lower paying jobs with lower quality health care plans, if any at all. Saving TAMT will also help preserve good blue-collar wages that sustain families with enough income to send their children to college.