Tampa Port Authority, Florida’s largest port, expands with $8.9 million land purchase
07/26/2012 04:27 pm
TAMPA, Fla.—The Tampa Port Authority is pleased to announce the purchase of 110 acres for cargo and other maritime purposes, adjacent to its Port Redwing facilities in south Hillsborough County. The signing at the authority’s headquarters in Tampa yesterday signifies momentum toward developing Port Redwing into a well-connected and desirable location for maritime projects.
The $8.9 million purchase from South Bay Corp. and Industrial Park, Inc., enables the port authority to move ahead with plans to expand the state’s largest port, develop the land for cargo terminals and distribution, as well as cargo generating industrial manufacturing activities. This expansion positions the port and the region for continued diversification and economic development opportunities, jobs and industry. The port authority’s strategic, long-range plan calls for continued land acquisition and strengthening its diversified lines of business.
The site is adjacent to the CSX mainline and will enable the Port to extend direct rail connections to Port Redwing. In combination with Port Redwing, the Tampa Port Authority will focus on attraction of Port related manufacturing, industrial and distribution activities generating export and import cargoes.
“The purchase of this valuable parcel of land for future industrial development is a significant action that shows the port authority’s commitment to building this port and positioning it for future prosperity,” Richard Wainio, port director and chief executive, said. “Land is one of our strengths as a port, and we are indeed unique, as we are able to grow in size as well as in our diverse portfolio.”
[GBP Note: The port also operates in conjunction with the Tampa Foreign-Trade Zone #79]
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