This is just a reminder that Jaxport’s board is scheduled to meet on Monday, January 26th, beginning at 9am at the Jaxport Cruise Terminal to discuss building a new cruise terminal at Mayport.
The board workshop will examine various scenarios for the costs and benefit of the cruise terminal. The worst case would be if the port builds the terminal and cruise ships subsequently stop using Jacksonville, leaving the port with no leasing revenue to pay off the construction debt.
Although Jaxport has already purchased the land for the terminal at Mayport, the board has yet to approve funding for the project. Given these tight economic times, I guess there may be a possibility that the Board could balk at building the terminal.