Port focused on dredging, foreclosure

Published: Thursday, March 21, 2013 at 09:53 AM.

The Port Authority has submitted two pre-proposals to the county RESTORE Act committee, both for $5 million.

The first priority would be an application to secure funding to satisfy the Capital City Bank mortgage. In the alternative, the Port Authority is asking for $5 million to assist on dredging.

The port master plan update – critical to apply for state or federal grant funding – is back on the front burner, with Pitts having received essential market analyses from the Bank of Montreal.

“We will be able to get back on schedule,” Pitts said.

The Port Authority and new Gulf County Economic Development Alliance, Inc. also have continued to work together on a variety of fronts, said Barry Sellers, director of the newly-formed EDA.

“I think because of what we are doing and (the port is) doing, we are joined at the hip,” Sellers said. “I think it is important that we work closely together.”

Sellers said 75 percent of inquiries to the EDA, formerly the Gulf County Economic Development Alliance, “revolve around the port.”

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