Port focuses on potential clients

Published: Sunday, January 20, 2013 at 12:32 PM.

“The rail is in great shape, the problem is a couple of bridges,” Gonzalez said.

RESTORE project

The Port Authority submitted by Tuesday’s deadline a pre-proposal to the county RESTORE Committee, seeking $5 million to help satisfy a mortgage, with interest and penalties, held by Capital City Bank on the parcel of port property facing the Intracoastal Canal.

The Port Authority received several million dollars in state and federal grants to improve that property, including constructing a bulkhead and making uplands improvements.

Capital City Bank has filed to foreclose on the property and the Port Authority has responded with a legal response. Capital City Bank is seeking a summary judgment in its favor to force foreclosure, and potentially a sale, on the property but a judicial decision has yet to be made.

The Port Authority provided several options for receiving the money.

“Whatever path that gets us to preserving this as a public asset is the goal,” said board member Patrick Jones. “We need to emphasize the public asset aspect as opposed to this becoming a private asset for who knows what use.”

1 2 3 4 5

Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.

▲ Return to Top