For Full Story: Tampa Bay Business Journal
Article By: Veronica Brezina-Smith
Port Manatee and Carver Maritime LLC have entered into a long-term terminal operating agreement for a 10-acre aggregate off-loading facility.
The agreement, for as long as 20 years, was approved Thursday by the Manatee County Port Authority and ensures property lease payments totaling $1.8 million for the initial five-year term, in addition to wharfage payments for annual cargo throughputs, according to the Manatee County Port Authority’s news release.
The lease begins Oct. 1.
The privately owned, Altamont, New York-based bulk terminal operator will use the site for handling cargo. The lease also includes a minimum annual guarantee of 150,000 short tons in year two and 300,000 short tons in years three through five, according to the lease agreement.
“We, along with our customers, are excited about this opportunity, and very much look forward to a long and fruitful relationship with Port Manatee, as well as its tenants,” said Carver Laraway, president of the parent firm Carver Cos., in the release.
The Port Manatee site, formerly occupied by Vulcan Materials Co., falls directly in line with Carver’s core capabilities of aggregate supply, heavy construction and maritime operations, Laraway said, adding, “It will provide a solid foundation for the company to enter a new, vibrant market to service its customer base and grow alongside other businesses in Manatee County.”
Carver responded to a request for proposals about eight months ago to lease the land.
The operator will remodel the site with rebuilding a conveyer system, Port Manatee Executive Director Carlos Buqueras told the Tampa Bay Business Journal.
He said Carver will bring in one ship at a time and the port has roughly 10 berths Carver can utilize.
The Port Manatee facility will be the third maritime endeavor for Carver Cos.
“This is going to bring in new business opportunities by having a domino effect and it will also create living-wage jobs for our community,” Buqueras said.
Carver is projected to create 30 jobs over the next three years at the port and supports the port’s strategy in attracting more cargo business.
“Port Manatee doesn’t receive the taxes like Port Tampa Bay does so we have to be more aggressive in securing cargo. We depend on those businesses,” Buqueras said.
Port Manatee’s other tenants and operators include Kinder Morgan, Federal Marine Terminals, Logistec and Logistec Gulf Coast.