Port of Oakland Gets $242 Million for Oakland Army Base Trade Center

The California Transportation Commission committed $242 million in voter-approved Proposition 1B bond funding to redevelop the former Oakland Army Base into a trade and logistics center for the Port of Oakland, port officials said. The U.S. Department of Transportation had already committed $15 million in federal TIGER grant funding for the project, and the Oakland City Council voted June 19 to approve development agreements with Prologis and California Capital Investment Group for the city's portion of the 360-acres of former Oakland Army Base that it shares with the Port of Oakland.