Port Seeks to be Self Sustaining

POSTED BY: Nichole Hannahs
Wednesday, June 20, 2012 - 12:11 PM
Port Seeks to be Self Sustaining

The Port Authority continues to express interest in creating new job ready sites in Muskingum County.

Members of the board in attendance discussed the need to create a new shovel ready job ready site at the Eastpointe Industrial Park, to enhance their chances of selling the property to a willing company.

The port's executive director said that most companies put off big expenses as long as they can and when they move on a project they move quickly.

"When a company sees a site that's going to need a lot of grading, is far from utilities, there's some question that it may have wetlands or mine spoil problems, those are unknowns and delays that companies don't want to deal with," said Executive Director Mike Jacoby.

Jacoby added that in some cases that makes companies willing to pay more for a site ready to go. These sites are part of a larger plan for the port to be self sustaining.

"Funding has changed and we got to be very entrepreneurial in the future and make sure that when we make an investment down the road we can recoup that investment and maybe make a little bit of money because it's less and less likely we're going to be able to get state grants or federal grants to undertake some of these projects," said Jacoby.

Currently the port is trying to work out a deal with the joint economic development district of Washington Township, the City of Zanesville and Muskingum County to recoup any initial costs incurred by the creation of job ready sites.

 


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