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San Diego Port Commissioners agree to move forward with environmental review, marking a milestone moment for a project that was conceived more than six years ago
Commissioners overseeing the Port of San Diego put the Mitsubishi Cement Corp. project on ice nearly two years ago, calling for a strict blueprint to incorporate electric trucks. A plan has yet to surface.
The developer proposing to remake the Central Embarcadero region that includes San Diego's Seaport Village received no pushback on potential public financing strategies from the government agency set to consider preliminary project approval next month.
The Navy's deal with the city to generate energy credits is a "first-of-it-kind" agreement between San Diego Port and a Pentagon agency.
The agreement utilizes a cap-and-trade arrangement in which the Port makes money from carbon credits.