Item No: 8h_supp
Meeting date: April 14, 2026

Fishermen's Terminal Redevelopment
Request for Additional Funding for Close-out

Action Requested
Request Commission authorization for the Executive Director to
additional funding in the amount of $500,000 for close-out costs for
the Fishermen's Terminal Maritime Innovation Center (MInC)
(C801084) and Site Improvements (C801211) projects.

2

Close-Out Cost Needs
• Significant unforeseen conditions found during construction
- Contaminated soil and two underground storage tanks found in the primary
ground disturbance area that required contamination remediation that exceeded
the approved ERL funding by $210,000
- Unforeseen issues caused four months delay and a Level 1 delay claimed settled
early between Port and contractor
- Increased anticipated soft costs due to delays from unforeseen conditions
depleted remaining contingency of the project.

• Additional funds are required to finalize the ERL costs and complete all
close-out tasks.
• Some of these funds are expected to be offset by liquidated damages.
The amount is still in negotiation.
3

Financial Summary
Cost Breakdown

This Request

Total Project

Design Includes
MInC
Public Site
Improvements

$0
$0

$3,650,000
$1,525,505

$210,000

$810,000
$160,000

$290,000

30,690,495

Environmental
Remediation Liability
Soil Remediation
Abatement
Construction MInC & Public
Site Impr1
Public Art
Total

$482,000
$500,000

$37,358,000

4

Construction Schedule Milestones
Commission construction authorization
Advertise for construction bids
Construction contract execution (enabling
start of verification period by Contractor)
Construction Notice to Proceed issuance
Construction Start
Substantial construction completion

08/08/2023
08/28/2023
November 2023
May 2024
05/31/2024
03/06/2026

5

Questions

6

7

7

Design Elements
• Used the existing building footprint from
1918
• Building completely renovated utilizing
existing beams and replacing building skin
with clad materials
• All-new exterior envelope including new
glass exterior windows and doors to
enhance transparency and fresh air and
light
• Seismic upgrades including new steel
supports along wood beams
• New building systems
• Living Building Challenge

8

Building Improvements
• Abated regulated materials in existing
structure
• Partial existing building demolition
(timber structural framework preserved)
• Utility services removal and replaced
• New building perimeter and parking lot
paving
• Artistic lighting
• Polycarbonate west wall, and north
facing skylights

9

9

Fishermen's Terminal
Site Improvements
LANDSCAPE
•
•
•
•

Landscape Planting
Parking Striping
Crosswalk Improvements
Site Furniture

SIGNAGE
•
•
•

Interpretative Signage
Wayfinding Signage
New Monument Sign

ELECTRICAL
•

Site Lighting

10

10

1% For Public Art

11

Living Building Challenge Sustainability Commitment

12

12

13

13