Cates Landing funding gets federal ‘green’ light
Posted: Thursday, March 17, 2011 9:03 pm
By KEVIN BOWDEN
Congressman Stephen Fincher reported to The Messenger late this morning that $13 million in federal funding has been approved for the Cates Landing project.
The contract for the project was scheduled to be signed by U.S. Secretary of Transportation Ray LaHood at noon today, according to Fincher.
“I have the contract right here in front of me,” Fincher told The Messenger.
He said he was very “pleased” to make the announcement that the TIGER II grant application has been approved and said he is looking forward to getting the Lake County port project on track.
“We have been focused on creating jobs and bringing back the economy in the 8th District,” he said.
The $13 million in federal funding will go along with $7 million in state funding that was included in Gov. Bill Haslam’s budget, which was submitted earlier this week.
With the $20 million now in place for the port project, it is expected to take about 18 months to get all the work done and get the Cates Landing port operational.
“We’ve done all we can do to make this happen,” Fincher said. “It’s going to be great for the local economy … it’s going to be great for Tennessee.”
News of the federal funding approval is certain to be greeted with enthusiasm from local, regional and state economic development officials.
Once completed, the project is expected to create some 2,300 jobs.
Staff Reporter Kevin Bowden may be contacted by e-mail at firstname.lastname@example.org.
Published in The Messenger 3.17.11