The city would provide a loan to JaxPort for the port authority to pay its share. JaxPort would repay the loan over a 10-year period.
are becoming bigger every year, and JaxPort says some already are too tall to safely sail under the power lines.
City Council member Ron Salem, who is the council liaison to the port authority, said"there are a lot of good things happening at the port" and raising the lines will enhance Jacksonville's ability to bring in job-creating cargo from bigger ships that can use the recently deepened river. "It's just a very positive situation to get those lines raised so we're not in any way inhibiting the port from the growth that we hope occurs," Salem said.sometimes rocky talks for a few years
about raising the lines. JEA said it would take on the task for building a taller structure for the lines, which are a critical piece of the utility's electric grid, but JEA said its customers should not pay the tab for the project."Everyone agreed that those lines need to be raised, and the question was who was going to pay for it," Salem said.
The funding from the state would be over a multi-year period, according to the legislation filed with City Council. The JaxPort board still must vote on a funding agreement with the state and that money will require future approval by the state Legislature in annual budgets.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ohio man charged with $10 million cryptocurrency fraud schemeRathnakishore Giri, 27, has a history of defrauding investors, the Justice Department alleged.
Read more »
Oak Lawn OKs $10 million lawsuit settlement stemming from hit-and-run involving retired village managerOak Lawn will pay $10 million to settle a lawsuit stemming from a 2019 hit-and-run crash in which Larry Deetjen, at the time village manager, struck a man with his village vehicle.
Read more »
Ohio man charged with running alleged $10 million cryptocurrency Ponzi schemeA New Albany, Ohio man was arrested Friday on charges of wire fraud. Rathnakishore Giri is accused of running a cryptocurrency Ponzi scheme worth at least $10 million, the Justice Department announced.
Read more »
Volvo Group Awarded $10 Million To Electrify Transportation In South BronxVolvo Group North America today announced that it received a $10 million award from NYSERDA to introduce clean transportation solutions to Hunts Point in the South Bronx.
Read more »
‘In Huge Trouble’—Leak Reveals $10 Billion Earthquake Could Be About To Cause Bitcoin And Ethereum Price ChaosFears are swirling that $10 billion bitcoin and crypto giant Digital Currency Group (DCG) could be in trouble...
Read more »