Port Authority takes first steps on dredging channel

Published: Thursday, September 5, 2013 at 09:35 AM.

“We won’t feel it will be successful unless this is permitted and we have ship traffic through the port.”

Foreclosure hearing

The issues pertaining to the foreclosure proceeding against the Port Authority pertaining to the barge terminal land along the Intracoastal Canal was heard last week by a Circuit Court judge.

Capital City Bank is attempting to foreclose on a $4.2 million mortgage on the 67-acre parcel.

The Port Authority is arguing that it lacked the authority to mortgage public land in the first place without a public referendum.

The judge will issue a ruling at a later date.

Capital City Bank officials turned down a late offer from the Port Authority, port attorney Tom Gibson said.



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