Port of Vancouver commissioners on Tuesday approved the 2019 operating budget of $58.4 million and a resolution calling for no increase in the 2019 property tax levy supporting the port.
The budget sets aside $13.4 million for capital projects, including nearly $2.5 million targeted for Columbia River waterfront development at Terminal 1. Of that, the largest expense would be $1.32 million for ground stabilization, design and construction. Port leaders envision a public marketplace, hotel and other amenities on their property between the Interstate 5 Bridge and The Waterfront Vancouver commercial development. The WareHouse ’23 restaurant, the shuttered Red Lion Hotel Vancouver at the Quay and parking areas are now at the Terminal 1 site.
Commissioners also approved CEO Julianna Marler’s 2019 salary of $215,138 with a $500 monthly car allowance, a 3.8 percent increase over this year’s $207,262 salary and $500 monthly car allowance.
