Author Topic: Jaxport Gets $32 Million For Deepening Project  (Read 825 times)

I-10east

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Jaxport Gets $32 Million For Deepening Project
« on: June 11, 2018, 09:00:53 PM »
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Jaxport has secured $32 million in federal funding to continue the Jacksonville Harbor Deepening Project this year.

It will take $484 million to deepen 11 miles of the shipping channel to 47 feet.

Local leaders say it’s a crucial step forward for job and economic growth in Northeast Florida.

U.S. Rep John Rutherford’s office said the project is expected to create 15,000 new jobs, with an estimated $24 return for every dollar invested.

Jaxport spokesperson Nancy Rubin said the deepening project will make way for the biggest container ships to come to Jacksonville, allowing them to be more fully loaded.

That’s especially important for the Asian container trade; Rubin said Jaxport’s Asian container volumes are already seeing double-digit growth each year.

“These dollars signal that the federal government believes in our deepening project and has confidence in our ability to provide a return on this investment,” said Jaxport CEO Eric Green in an emailed statement.

Rubin said the deepening project is running on schedule.

https://www.actionnewsjax.com/news/local/jaxport-gets-32-million-in-federal-funds-for-deepening-project/767695396
« Last Edit: June 11, 2018, 09:03:56 PM by I-10east »

acme54321

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Re: Jaxport Gets $32 Million For Deepening Project
« Reply #1 on: June 11, 2018, 09:52:47 PM »
15,000 jobs?  Suuuuure.

jax_hwy_engineer

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Re: Jaxport Gets $32 Million For Deepening Project
« Reply #2 on: June 12, 2018, 07:50:24 AM »
Why do these river deepening sales pitches always feel like a stock market scam? "2500% returns!" C'mon...

And as for the 15,000 jobs, absolutely! (To deepen the river, aka temporary work) How many jobs will stay in town or grow at jaxport?

Part of me likes the fact that port improvements are occurring, since Jaxport is a large economic engine in Jax, but at the same time the environmental studies just seem to say that this will lead to more issues like we faced with Irma...

MusicMan

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Re: Jaxport Gets $32 Million For Deepening Project
« Reply #3 on: June 13, 2018, 08:56:51 AM »
Did anyone do a study of how the COJ might be transformed if we spent the $484 million on anything BUT deepening JaxPort?

I'm thinking we could transform Jacksonville into the most attractive city in Florida for businesses that are not involved in the distribution of cheap Chinese goods with this much money.  We have so many other important issues facing our future and this project addresses none of them.