Tampa port board okays purchase of 110 acres for maritime development
Graphic depicts the location of 110 acres to be purchased by the Tampa Port Authority for future cargo and related developments (outlined in green), at the Port Redwing location of the Port of Tampa.
TAMPA, Fla.—The Tampa Port Authority is pleased to announce that it will purchase 110 acres for cargo and other maritime purposes, near its Port Redwing facilities, in south Hillsborough County.
The $9.2 million purchase from South Bay Corp. and Industrial Park, Inc., will enable the port authority to continue to expand the footprint of the state’s largest port, develop the land for cargo terminals and distribution, cargo generating industries and port services. This will provide for continued growth of port and economic development. The port authority’s strategic, long-range plan calls for continued land acquisition and strengthening its diversified lines of business.
“The decision to purchase this industrial site is a very significant benchmark following our firm commitment to build this port and underscores our strategic focus,” Richard Wainio, port director and chief executive, said. “We are a unique port in this regard, as we are able to grow in size as well as in our diverse portfolio, maintaining solvency in this economic downturn, and our position as the region’s largest economic engine.”
One of the nation’s largest and most cargo-diverse seaports, a major cruise home port, and shipbuilding and repair center, the Port of Tampa is the largest economic engine in west-central Florida, generating nearly 100,000 jobs and $8 billion in annual economic impact. For more information about Florida’s largest port, visit www.tampaport.com.