Print
Maritime

Governor Marks Symbolic Start Of Cold Storage Facility At Port

By Cece Nunn, posted Jun 1, 2015
Gov. Pat McCrory speaks Tuesday afternoon at a groundbreaking ceremony for the cold storage facility at the Port of Wilmington. (Photo by Cece Nunn)
Gov. Pat McCrory and other state and local officials marked the ceremonial start of construction Tuesday on a planned 101,000-square-foot cold storage facility expected to help increase exports at the Port of Wilmington.

"This is a port for the entire region, for the entire state, for the entire Carolinas and for our country," the governor said in a keynote speech Tuesday afternoon, before state and local officials dug into a rectangle of earth on the facility site.

The cold storage building, expected to create at least 100 jobs, will enhance the port’s ability to export poultry, pork and sweet potatoes, and import seafood, fruits and vegetables, officials said.

"It improves the capabilities for us here at the ports, which is going to bring benefits to the state," said state ports CEO Paul Cozza. "As quickly and efficiently as you can use inventory, in any business, is a plus."

In February last year, the N.C. Ports Authority board approved the public-private partnership with the facility’s developer, Chuck Schoninger, and his company, USA InvestCo.

Schoninger said Tuesday that the project was created through the EB-5 immigrant investor program, which enabled his company to raise $15 million for the facility, with $13 million of that amount coming from Chinese investors.

Schoninger said final site plans for the project were submitted to the state Monday. While Tuesday's event marked the ceremonial groundbreaking for the facility, actual construction is expected to begin in about three weeks after state permits are issued, he said. From start to finish, construction on the building will likely take nine months, Schoninger said.

Before the ceremony Tuesday, held on the building site within the port, ports authority board chairman Tom Adams said the Ports of Wilmington and Morehad City together have an economic impact on the state of $14 billion, have created 76,000 jobs and generate $700 million in state tax revenue.

McCrory encouraged attendees Tuesday to support his nearly $3 billion highway and infrastructure bond proposals, which would require approval from the state General Assembly and then voters. The governor cited the state's ability to take advantage of historically low interest rates as one of the reasons the bonds are crucial.

"We need to get this on the ballot," McCrory said. "People understand that you have to invest in the future, especially at a time when we can afford it."
Ico insights

INSIGHTS

SPONSORS' CONTENT
Untitleddesign4

Paving the Way to Better City Streets

Tony Caudle - City of Wilmington
Headshotrosaliecalarco 1182131047

Help Stop Government Impersonator Scams

Burrus rob headshot 300x300

Spreading Wings for Flight: 2nd Annual Trade Show Highlights the Ingenuity of UNCW Business Students

Robert Burrus - Cameron School of Business - UNC-Wilmington

Trending News

City Club, Event Center On The Market For $7.5 Million

Emma Dill - Apr 16, 2024

Wilmington Tech Company Tapped For Federal Forestry Contract

Audrey Elsberry - Apr 15, 2024

Commercial Real Estate Firm Promotes Adams, Mitchell To Vice President Roles

Staff Reports - Apr 16, 2024

New Hanover Industrial Park To Get $3.3M In Incentives For Expansion, New Jobs

Emma Dill - Apr 15, 2024

Gravette Named Executive Director Of Nir Family YMCA

Staff Reports - Apr 16, 2024

In The Current Issue

EMS Program At CFCC Receives Accreditation

CFCC recently announced its emergency medical services program has achieved accreditation from the Commission on Accreditation of Allied Hea...


Banking On West Bank’s Future

After more than two years of debate, New Hanover County leaders are working to establish the guard rails that will guide any future developm...


Area Attorneys Chosen For 2024 Legal Elite List

For the Business Journal's annual Law Issue, read about area attorney's who made this year's Legal Elite list....

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season