Under the lease, which runs until 2034, the Port will redevelop the TOTE terminal to a size of up to 72 acres (29 ha), allowing TOTE to serve the growing Alaska market for decades to come.
“Over the past three decades, TOTE and the Port have grown together to expand our region’s business with Alaska,” said Port of Tacoma Commission President Dick Marzano. “And with that growth, many primary and secondary support companies – both here and in Alaska – have expanded to serve TOTE’s business. We are very proud that, with this agreement, we’ll be able to continue our longstanding relationship with TOTE, also ensuring that the Port of Tacoma will remain the ‘Gateway to Alaska’ for years to come.”
TOTE’s opportunity to expand was created by the Port’s recent agreement with NYK Line to build a 168-acre (68 ha) facility for container terminal operator Yusen Terminal Tacoma Inc. (YTTI), a wholly-owned subsidiary of NYK Line. Portions of TOTE’s existing 47-acre (19 ha) terminal will be incorporated into the NYK terminal.
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