Executive director leaving port authority
Jerry Bridges, the executive director of the Virginia Port Authority, is stepping down effective Oct. 31. He had guided the port authority since 2007.
Bridges’ departure comes at a time when the direction of the Port of Virginia is in question. Three bids have been filed offering to run port authority facilities under long-term leases. Detailed proposals from the bidders are expected Nov. 1, according to a recently revised state timetable.
The port facilities currently are operated by the nonprofit Virginia International Terminals Inc. The bidders are Portsmouth-based APM Terminals Inc.; Carlyle Infrastructure Partners, a division of the Washington, D.C., private equity firm The Carlyle Group; and RREEF America LLC, a division of RREEF Infrastructure, a subsidiary of Deutsche Bank AG.
During Bridges’ five-year tenure with VPA, he oversaw the long-term lease of APM’s high-tech Portsmouth terminal. Under its bid to operate the Port of Virginia, APM would transfer ownership of that facility to the state.
Bridges is completing a term as chairman of the Alexandria-based American Association of Port Authorities. He had been executive director of the Port of Oakland before coming to Virginia.
Virginia Business focused on the move to privatization in its September issue.
Richmond mayor faces opposition
Richmond Mayor Dwight C. Jones will face a challenger in his re-election bid this November. Jones was unopposed until a Richmond Circuit Court judge ruled that the name of real estate agent Michael K. Ryan should be placed on the ballot.
In June the city registrar determined that Ryan did not have enough valid signatures on his candidate petitions to run for mayor.
Virginia Business looked at recent changes in Richmond in a September community profile.
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