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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.
For the original version including any supplementary images or video, visit International Plaza developer Richard Corbett to finance new cold storage facility at Port Tampa Bay | Tampa Bay Times
Tariff: A tariff is a list or schedule of duties, prices and fares imposed on goods that are imported or exported. The typical downward movement in the price of security once the price rises previously is known as reaction. These also include the expenses for providing custodial and accounting services, maintaining shareholder records and providing shareholders with financial statements. Prepayments: A prepayment is a privilege in a mortgage debt which allows the borrower to make payments ahead of their due date. The cash or other considerations that help raise funds by issue of shares is known as share capital. Variable rate mortgage BRM: Variable rate mortgage, also known as adjustable rate mortgage or floating rate mortgage, is a type of long-term mortgage loan, that has a variable rate of interest for the duration of the loan. The idea of accounting is simple – record the transactions as briefly and honestly as possible. U.S. treasury bond: The U.S treasury bond is a long-term, fixed-interest, debt security sold by the U.S. treasury, that has maturity of more than ten years.