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2014 a record revenue year for Port of Grays Harbor

The Columbian
Published: March 12, 2015, 12:00am

ABERDEEN — The Port of Grays Harbor had record operating revenues of more than $33 million in 2014, Port officials reported.

The number, reported at Tuesday’s monthly Port commission meeting, shows about 8 percent growth over 2013, said Mary Nelson, the port’s director of finance and administration. After expenses of about $28 million, the Port made $4.8 million in net income.

Two months ago, the Port announced record vessel activity, having tracked 115 and 18 barges, an increase of 31 vessels from 2013.

The operating revenue increase comes alongside an annual $2.3 million levy, which the port collects from property taxes paid by citizens in Grays Harbor County. That money, Nelson said, is only used to invest in capital improvement and infrastructure projects.

“We’ve used those property taxes, I think, very strategically, and we’ve been able to assist with that growth,” Nelson said, adding that property taxes are invested into capital improvement and infrastructure.

Improvements in the last year included work on the Satsop Business Park’s sewer system and paving the marine terminal’s cargo yard.

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