In addition, a 40 percent matching grant of $1.38 million has been committed to redevelopment through a Housing and Urban Development Economic Development Initiative grant and an Ohio Department of Development Shovel Ready grant.
The port authority said cleanup of the 32-acre site can create numerous construction jobs and also host hundreds of new manufacturing and seaport jobs once remediation and development is complete. The agency purchased the property in 2004 for $900,000 to facilitate the land cleanup and to incorporate it into its seaport operations.
The port said the property is accessibly by rail, highway and water, and is zoned for heavy industrial development. It is located adjacent to the Norfolk Southern track and has a marine dock that, once improved, can accommodate large ships using the Great Lakes and St. Lawrence Seaway. The site is also on a designated heavy-haul truck route into Michigan and Canada with nearby interstate access to interstates 75, 280 and 80/90.
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