Port Everglades :: Free Essay Writer

Port Everglades Thesis Statement: Port Everglades has experienced steady financial and geographical growth over the past decade. The purchase of more land will create more business and an increase of profit that would benefit investors as well as the community. I. Land Purchase A. Benefits B. Cost II. Broward County Government A. Buying Decisions B. Tax Breaks III. Increased Business A. Cruise Ships B. Containerized Cargo IV. Projections A. Revenues B. New Jobs The Expansion of Port Everglades Port Everglades is located on the southeast coast of South Florida. It lies partly embedded within Ft. Lauderdale, Hollywood, Dania Beach and unincorporated Broward County (U.S. Army , 75). Port Everglades has experienced steady financial and geographical growth over the past decade. The purchase of more land will create more business and an increase of profit that would benefit investors as well as the community. According to Arthur Novacek’s article in The Herald, Port Everglades has experienced steady growth in all facets for more than a decade now. The Port has also expanded physically as its business has grown over the years, but has now run out of additional room (9). The only solution to keep expanding the Port was to buy more land. This land, located next to the Port, belongs to Michael J. Swerdlow, a South Florida developer. Purchase of this land would increase the Port by 272 acres (Bussey, 20). The benefits of this expansion are endless. The expansion will convert Port Everglades into a multipurpose hub linking sea, air, rail and highway transportation (Hemlock, 6). The Port will expand its existing operations and develop a 40-acre hub in which freight, packed in shipping containers, can easily be transferred to boats, railroads, highways, or the airport (6). Port Everglades once depended solely on the petroleum industry. Now, however, Port Everglades has the second-highest cruise ship passenger count and the 12th largest containerized cargo operation in the country, and is also one of only 85 ports in America to operate with a profit (Novacek, 9). In 1996 the port showed $9.3 million in profits (Bussey, 20). According to Goodkin Research Corp. buying and developing this additional 272 acres could mean an economic impact of $3.4 billion in profit over 20 years (Hemlock, 6).