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Ports
JaxPort turns down $250 million deal
Date:2012-06-07 Readers:

    The Jacksonville Port Authority has turned down a proposal by an international shipping firm seeking to lease 100 acres at Blount Island for a cargo terminal that would have been one of the port’s biggest.
    Gulftainer Co. Ltd. also said it would spend around $250 million in Jacksonville if it built a terminal here, according to state Rep. Mike Weinstein.
    But JaxPort officials notified Gulftainer this week the company’s proposal does not fit into the authority’s plans.
    The 754-acre Blount Island, east of the Dames Point bridge, is occupied by existing tenants. JaxPort officials said the authority is in the early stages of putting together a strategic plan for developing all the port authority’s property.

From the Florida Times-Union

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