1 year, 10 months ago by Scott Hardy
$1.67 million grant announced, will be used for the land purchase
Authorities in Marion County say that the Port Authority for Marion and Ralls counties will receive state money, which they'll use to buy land near West Quincy for a port facility.
Corey Mehaffy, Executive Director of the Hannibal Regional Economic Development Council announced Tuesday that the Missouri Department of Transportation has approved funding for the Marion/Ralls Regional Port Authority to buy land in Taylor for a new public port development. Mehaffy says that his office learned in April that the Port Authority will get up to $1.67 million in Missouri Port Capital Improvement Program funding to buy the property. A statement says that findings show there is a potential for port facility development at the proposed West Quincy location. Two families in the area who own the land have agreed to sell to the Port Authority.
Klingner and Associates, who conducted a study on the proposal, has estimated that the infrastructure development for the proposed port will cost over $17 million. The Port Authority says it expects to hear more about two other grant applications later this summer and in the fall.
