BST Associates submitted to the Pensacola City Council a study of the Port of Pensacola in Sept. 2004. It considered mixed use, a cruise ship and maritime museum. According to BST, the existing contracts at the time were to show a profit.
Year 1 (2005) $218,650
Year 2 (2006) $225,610
Year 3 (2007) $238,299
Instead the total loss for those three years is $2,733,392. They were only off $3.4 million.
Read bst2004rpt.pdf