TTI: EXCLUSIVE: Troubled Terminal 46 operator refuses to provide $11.25M lease guarantee

Total Terminals International, the private company which leases and operates the Port of Seattle's Terminal 46 container shipping facility, has been pressed to put up $11.25 million to guarantee payment of a year's worth of rent. TTI has refused the port's request. The request comes as questions emerge about TTI's financial condition and its ability to continue operations in Seattle and elsewhere without substantial equity injections following the August bankruptcy of its majority shareholder parent,...