Posted in Business

Offshore Inland may save the Port of Pensacola

   July 11, 2014

hayward port 1:5
The deal that Mayor Ashton Hayward announced yesterday is what the cash strapped Port of Pensacola needed. Since taking office, the Port has lost several tenants. Offshore Inland is the first major tenant that the mayor has signed up, and it could be a game changer – 200 new jobs with hourly wages above $20/hour. It commits the port to industrial use, but the city had no takers on any mixed use options.

According to the May financial statements for the enterprise fund, the Port has seen its unrestricted cash reserves lose $459,766. At the end of 2012-13 fiscal year on Sept. 30, 2013, the Port had $858,647 in unrestricted cash reserves. As of May 31, 2014, those reserves were only $398,881.

Had the city not signed Offshore Inland, those reserves could have been exhausted by the end of the year.

Share:

Rules for Comments

Your comments are welcomed, but there are some rules to follow:

(1) Be Nice. No comments that slander another, no racism, no sexism, no personal attacks.

(2) No Harrassing Comments.

(3) No Libel. That’s saying something is not true about someone. Don’t do it.

(4) Keep it clean. Nothing vulgar, obscene, or sexually related. No profanity or obvious substitutions.

(5) I reserve the right to remove any comments that violate our rules or are inappropriate. I am not responsible for what is posted. Comments may not appear right away until they are approved by a moderator.

(6) Limit your comments to the subject in this story only, and limit comments to 1,500 characters or less. Do not post copyrighted material. Comments will not be added to stories that are over five days old.

(7) No posts may advertise a commercial business, political candidate, or political group. Links in a comment aren’t allowed.

8) Commenting too many times may result in your comments not being allowed. Readers will begin to ignore your views.

9) Email me if you believe a comment violates any of these rules, and it will be deleted.