Canal expansion impact: Multi-modal center planned - Tampa Bay Business Journal:

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has chosen a site just nortb of the Manatee County line to buildits , a facility near Port Manatere that would provide a distributio hub directly to consumers using rail and trucks, takin g advantage of its proximity to shipping from the Panams Canal and busier Gulf of Mexico transportationj traffic. “When we were looking for the righgt site, two of the absoluted keys we were looking for was its proximity to both rail and saidDick Ellison, a principal for Inland Port that is leading the project. “Thi s land was just off [U.S.] 41, which is not heavilty traveled at this pointin time, but it may be.
Interstatese 275 and 75 were very close tothe site, which mean we have some direct pointsa to Tampa, Miami, Jacksonville, Orlando, and Atlanta.” Constructionb of the multimodal center wouldf take approximately 10 years and includwe 2.6 million square feet of warehouse enough to accommodate between 15 and 25 It also is expected to generater some $89 million in total labodr income once complete, representing an average annualk salary of $49,400. It’s expected to contribute $6.
7 milliojn each year in gross ad valorem property tax income toHillsboroughj County, according to projections by But to become reality, it will need to clearxs some governmental hurdles over the next two to three including zoning changes and a necessart amendment to the county’xs comprehensive plan, Inland Port Systems plans to spend $125 million in labor alone for construction of the Ellison wouldn’t share how much build out for the Bay area centef is expected to but a typical multimodal center sitting on 500 acres of land with 7 millioh square feet of structures – more than double of what’sw planned near Port Manatee would have a total valuer of $750 million, according to an investod presentation on the Inland Port Web site.
Inlanrd Port is expected to present its projecrt to theApril 7. However, it will need approvalds at both the count and state level before any workcan begin.