06
May
The Port of Long Beach’s potential ownership of the Queen Mary and the land around the historic ship could affect port projects if a downturn were to happen, port officials told the Long Beach Harbor Commission this week. During an informational presentation on Monday, May 2, Sam Joumblat, the port’s managing director of finance and administration, said that while the port would be able to absorb the financial impact of the area encompassing the iconic vessel and surrounding properties known as Pier H, the port would not be able to take on additional projects. Should a recession or downturn occur,…