The commissioners approved an initial $17.7 million demolition contract, the first of three contracts that will fully remove the old industrial buildings from the peninsula. Work on the first contract, which would remove 61 structures, is to begin by the end of this month with a scheduled completion date early next year.
The three demolition contracts, which are expected to total more than $50 million, will be bid out separately, one each year. Demolition work includes the removal of structures on the peninsula previously used for such activities as chemical processing, woodworking, power generation, storage, and other heavy industry.
In January, the port issued $131.3 million in general obligation bonds to help fund the myriad infrastructure projects related to the redevelopment of the throughout 2008.
The peninsula developments are a part of the port’s five-year, $953.6 million capital improvement program, which includes the redevelopment of the Totem Ocean Trailer Express terminal and a development of a 168-acre container terminal for Yusen Terminal Tacoma Inc., a wholly owned subsidiary of NYK Line. ' Keith Higginbotham
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now