Saturday, December 16, 2017
Business

International Plaza developer Richard Corbett to finance new cold storage facility at Port Tampa Bay

TAMPA — Port Tampa Bay has joined with Tampa real estate developer Richard Corbett to finance the building of an on-dock cold storage facility.

Port Tampa Bay plans to start construction on a 130,000-square-foot cold storage food products facility this year. The facility is expected to be operational by fall 2017. The project was delayed until the port found financing for the project. That's where Corbett comes in.

"Dick Corbett has supported Tampa Bay and the state for many years. We are excited that he shares our vision that Port Tampa Bay will be the hub of the growing food distribution market in Central Florida," Paul Anderson, president and CEO of Port Tampa Bay, said in a statement. "As in all of our projects at the port, this will be a model public-private partnership that supports our strategic and master plan for our growth."

Corbett is the developer behind International Plaza in Tampa.

Orlando-based Port Logistics signed a 27-year lease agreement with the port to manage the new cold storage facility last year. The company operates more than 5.5 million square feet of warehouse storage space for clients and handles transportation and storage logistics for retailers and manufacturers from ports to retail destinations.

The new facility will receive, label, package and distribute temperature-controlled food products. Refrigerated storage will open doors for new business at Port Tampa Bay. Most refrigerated ships dock in Philadelphia, which has the most cold storage food facilities on the East Coast, according to a news release. Tampa's new facility could shave off three days of that usual voyage time.

The $19.1 million facility will employ 50 full-time workers and up to 200 part-time workers. Construction is expected to begin in November, according to the release.

Corbett is a Notre Dame graduate and onetime junior White House aide during the Kennedy administration. His wife, Cornelia, is a former part owner of the Tampa Bay Rowdies soccer team. He resigned as Florida Fish and Wildlife commissioner last year after instituting a controversial decision to bring back bear hunting in Florida.

Contact Justine Griffin at [email protected] Follow @SunBizGriffin.

Comments
Taxpayer subsidies of Tampa golf courses are on the rise as struggles continue

Taxpayer subsidies of Tampa golf courses are on the rise as struggles continue

TAMPA — For the half of the year that Harry Nichols lives in Oldsmar, he plays 18 holes several times a month at Rocky Point Golf Course. On a good day, Nichols said he shoots close to par on the Dana Shores course. And if he’s really lucky, it’ll on...
Updated: 6 hours ago
Fueled by indulgence and machismo, restaurants are a hotbed for sexual harassment

Fueled by indulgence and machismo, restaurants are a hotbed for sexual harassment

When Brenda Terry was 16 and living in St. Louis, she was a hostess and food runner at a sports bar where female employees wore cute, little cheerleading skirts. One night, she said, a patron grabbed her crotch. She ran to her management team and the...
Published: 12/15/17
Pigs can be therapy animals too. So can horses and rats and cats and llamas and … (w/video)

Pigs can be therapy animals too. So can horses and rats and cats and llamas and … (w/video)

Shrieks of laughter echoed off the walls of the hospital as Thunder the mini pig flopped onto his side and the children huddled around him, scratching his pink, hairy belly. He and his wet-nosed partner, Bolt, drew patients in wheelchairs and bandage...
Published: 12/15/17
Vology landlord challenges property tax assessment

Vology landlord challenges property tax assessment

LARGO — Eight months after paying $10.15 million for the office building that houses IT services company Vology, a New York company is suing the Pinellas County Property Appraiser and Florida Department of Revenue contending its $5.5 million tax asse...
Published: 12/15/17
Florida’s $1.1 billion Hardest Hit Fund winding down after some hard knocks

Florida’s $1.1 billion Hardest Hit Fund winding down after some hard knocks

In 2010, Florida was in the throes of an unprecedented housing crisis. One in every eight homes was in some stage of foreclosure. Today, the foreclosure rate is one in every 83. Because of that enormous drop, Florida’s Hardest Hit Fund will s...
Published: 12/15/17
Report: Rich will get still richer unless policies change

Report: Rich will get still richer unless policies change

By ELAINE KURTENBACHTOKYO — Global inequality has stabilized at high levels in recent years, a report said Friday, despite gains among the poor in China and much milder disparities in incomes and wealth in Western Europe. The World Inequality Report ...
Published: 12/15/17
How the Disney/Fox deal will shake up Hollywood

How the Disney/Fox deal will shake up Hollywood

Associated Press NEW YORK — After years of tremors, the earthquake that had long been predicted finally shook Hollywood. Disney’s deal to purchase most of 21st Century Fox ends the era of the "Big Six" major movie studios, toppling one ...
Published: 12/15/17
St. Petersburg’s Museum of the American Arts and Crafts Movement set to be complete in 2019

St. Petersburg’s Museum of the American Arts and Crafts Movement set to be complete in 2019

ST. PETERSBURG — The Museum of the American Arts and Crafts Movement, under construction since 2015, is scheduled to be complete by the summer of 2019.The five-story, 137,100-square-foot building will house businessman and collector Rudy Ciccarello’s...
Published: 12/15/17
Obamacare enrollment ends today, but some can get an extension

Obamacare enrollment ends today, but some can get an extension

Today is the day that open enrollment for the Affordable Care Act will close for most people. But those affected by the slew of hurricanes that pummelled Florida, Texas, Puerto Rico and other states earlier this year can take advantage of a two-week ...
Published: 12/15/17
Pack your bags: 107.3M Americans to set holiday traveling record

Pack your bags: 107.3M Americans to set holiday traveling record

A record-breaking number of Americans are expected to travel this holiday season.The American Automobile Association projects that 107.3 million Americans will pack their bags and travel more than 50 miles by planes, trains, automobiles and other mod...
Published: 12/14/17