Port Rent Forgiveness Program

Program Overview

On August 25, 2020, the Port Commission adopted Resolution 20-41 which approved the Port’s Rent Forgiveness Program.  The rent forgiveness program aims to mitigate the crippling financial effects of the COVID-19 pandemic for existing Port tenants, in a fiscally sustainable and implementable manner for the Port. Tenants in the below sectors may be eligible for forgiveness so long as they meet certain criteria.

Rent Forgiveness Overview

*Period shall be the earlier of April 30, 2021 or when tenant’s percentage rent equals or exceeds the base rent otherwise payable under the lease for 3 consecutive months.


List of Eligible Program Participants

 

For More Information On

LBE RENT

%Rent Tenant

Other Tenant Relief

Tenants may still participate in the Opt-In Program.

The Port launched the Shared Spaces Program which provides no cost temporary permits for use of Port Outdoor Space for business operations such seating, dining or retail pick up.

Port Staff will be returning to the Port Commission later this year with proposals of further relief measures. Please check the Port Commission Calendar and Agenda for agendas on upcoming meetings.