VANCOUVER, Wa.—From 10:30 to 9:00 tonight Port of Vancouver Commissioners are asking the public to stop by and tell them what they think of the request from the oil terminal developer Vancouver Energy. At Issue is the cost saving lease amendment submitted last week by Tesoro Corp. and Savage Cos. the companies behind the proposal for the Nation’s largest rail to marine oil terminal at the port. With an August 1 permitting deadline looming and the state vetting process stretching into three years, the amendment would give the terminal two more years to get permitted before costs ramp up significantly.
Commissioners are set to vote on the amendment Friday. Rejecting the amendment doesn’t not necessarily mean the end of the project, although the port of Vancouver Energy can now exit the lease without penalty. The port was not preparing a counter offer as of last week.