From today's Biz Journal...
Rep. Lake Ray's bill that will provide about $100 million in funding to Florida ports has passed the House and is on its way to the Senate. The money would be raised by giving insurance companies a break on taxes in exchange for them paying years before they're due.
James Crichlow
The Jacksonville Port Authority estimates it will need roughly $1 billion over the next decade to pay for channel deepening, maintenance and surrounding infrastructure improvements.
Click here to send a letter to your state senator voicing your support for the legislation. A full copy of the bill is available here.
Considering the Port of Jacksonville is going to need $1 billion over the next decade to realize its full potential, now is the time to start scouting for some green. The money raised from the legislation would be shared by the state's 14 ports.
Here is the link http://www.capwiz.com/flchamber/issues/alert/?alertid=14954621&type=ML (http://www.capwiz.com/flchamber/issues/alert/?alertid=14954621&type=ML)
From the article.
QuoteThe return on investment for seaport projects is an estimated $6.90 to $1.
Sounds like a good investment to me.