Oregon Gov. Tina Kotek floats $40 million buoy for imperiled Port of Portland shipping terminal

With the infusion in state funds, the Port of Portland says it won’t have to end container operations.

Facing rising costs and more than $30 million in losses, the Port of Portland previously said it couldn’t stay open after a deal with a third-party operator fell through. Now officials say they will continue providing container shipping from Terminal 6, which is critical to the region’s economy.

Source: Oregon Gov. Tina Kotek floats $40 million buoy for imperiled Port of Portland shipping terminal