Controversy Continues Regarding Lease for Oregon LNG Terminal Site
Posted on Nov 10, 2009 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Controversy Continues Regarding Lease for Oregon LNG Terminal Site
New details regarding the Port of Atoria’s lease agreement with Oregon LNG are raising new questions from critics. The price of the lease reportedly was based on a property appraisal that was completed prior to rezoning of the site to allow it to be used for an LNG terminal, which presumably would increase the site’s value. The Daily Astorian reports that the relevant leases, executed in 2004, stipulate that the site must be reappraised every five years. The report also provides details regarding the Port’s efforts to secure the leases, including documents recently released by the U.S. Department of Justice.