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
Leath 683x10242

Make People Plans for 2019

Lisa Leath - Leath HR Group
Headshot 1016184145

Recommended Apps

Ryan Skuce - Earney & Company, LLP
Beckybrown 1041811127

Are there Tax Benefits to Home Buying Before Year-End?

Becky Brown - KBT Realty

Trending News

Pender County To Get Another Distribution Firm

Christina Haley O'Neal - Dec 13, 2018

Why This House Coming To Marsdon Avenue Is Unique

Cece Nunn - Dec 14, 2018

Info Junkie: Chandler Hatch

Staff Reports - Dec 14, 2018

Recruiters Talk Challenges In Hiring And Retaining Tech Talent

Johanna Cano - Dec 12, 2018

Supplying This Year's Oyster Season

Jessica Maurer - Dec 14, 2018

In The Current Issue

KWHCoin Taps Into Blockchain

KWHCoin, a blockchain-based renewable energy company, has plans to install over 50,000 solar energy systems in Sierra Leone in 2019 with hel...


Top Stories No. 10: Changes In Local Retail Landscape

2018 Year in Review: Good times and bad times hit Wilmington’s retail scene this year....


Top Stories No. 1: Hurricane Brings Major Flooding, Damage

2018 Year in Review: Hurricane Florence made landfall near Wrightsville Beach on the morning of Sept. 14 as a Category 1 hurricane, with the...

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2018 Power Breakfast - Dishing on the Restaurant Biz
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties
2017 Health Care Heroes