The Los Angeles City Council unanimously approved a 50-year lease to transform a 100-year-old pier on the L.A. Waterfront in San Pedro into a world-class urban marine research and innovation center called AltaSea at the Port of Los Angeles. The lease agreement – signed between the Port of Los Angeles and Rockefeller Philanthropy Advisors, the latter who currently serves as the fiscal sponsor for the AltaSea project – involves approximately 35 acres of land and water at the Port’s City Dock No. 1 site, Berths 56-60 and Berths 70-71. “Public-private partnerships like AltaSea represent an innovative way to encourage investment and redevelopment in our communities,” said Los Angeles Mayor Eric Garcetti.