In the end, it’s no contest: The drawbacks to building an oil terminal at the Port of Vancouver greatly outweigh the benefits of such a plan, and state officials eventually should reject the proposal.
At the heart of the issues are the future of Vancouver’s waterfront, the local economy, the quality of life for residents, safety concerns, and the image the city wishes to portray to the rest of the world. On each count, the proposal approved by port commissioners comes up short:
• The deal reached with Tesoro Corp. and Savage Companies is butting heads with a $1.3 billion redevelopment of the former Boise Cascade site along the Columbia River, less than two miles upriver from the proposed oil terminal. Given the proximity of the projects and the fact that oil-bearing trains would pass within 100 feet of much of the development, these proposals are, indeed, mutually exclusive. It is unrealistic to think the waterfront development would not be hampered by the oil terminal, and a mixed-use project would have far greater growth potential for the city.
• The proposed $110 million oil terminal would bring an estimated 120 full-time jobs to the port, handling as much as 380,000 barrels of crude per day. It would be worth at least $45 million to the port for the first 10 years of the agreement. But broad-based economic development such as that provided by the waterfront development would have more far-reaching economic benefits.