Port News

A Utah-based mineral processing and distribution company has expressed an interest in leasing two warehouses at the Port of Pensacola.

The port is currently operating at a loss, but the prospective new tenant would put the port back into the black, according to local officials.

However, the company’s inquiry comes at a time when the city is reassessing whether or not it wants to remain in the port business, making the decision whether to take on a new tenant as much a philosophical one as a financial one.

On July 19, the Pensacola City Council will vote whether to allow the mayor’s office to enter negotiations to lease port warehouses 9 and 10 to Incoa Performance Minerals LLC for use as material storage facilities.

https://www.pnj.com/story/news/2018/07/13/port-pensacola-prospective-tenant-incoa-could-make-port-profitable/779188002/