High Level of Interest in Developing “Southport”
- Business & Finance
The Philadelphia Regional Port Authority (PRPA) stated that, as of the Friday, November 14 deadline for submissions, the quality and quantity of responses expressing interest in developing the Authority’s three “Southport” waterfront parcels have met and exceeded the Authority’s expectations.
The Request for Expressions of Interest (R.E.I.) was issued October 1 and invited members of the maritime-industrial community to submit development concepts for the three waterfront sites collectively known as the Southport complex: the Southport Marine Terminal (119 acres); the Southport West Terminal (75 acres); and the Pier 124 North Berth, a 1,132-foot finger pier.
PRPA has already completed substantial pre-development work at the three facilities, especially in the area of improving access, in anticipation of a private operator or operators establishing operations at the sites.
“We were truly gratified at the level of responses to our request for expressions of interest,” said PRPA Chairman Charles G. Kopp, Esq. “We’ve been well aware of the potential for Southport for quite some time, and it’s now clear that we weren’t alone in that assessment. The breadth and quality of the proposals we received make us very optimistic about Southport’s future.”
16 respondents submitted proposals for one or more of the three Southport sites, with all three sites receiving multiple expressions of interest from the respondents.